Kitwave Group Limited
Registered name: KITWAVE GROUP LIMITED
Part of Kite UK Topco Limited groupKitwave Group Limited made £924m revenue and £14m profit in the year to 31 Dec 2025.
Kitwave Group Limited’s revenue grew 39% to £924m in the year to 31 Dec 2025, with £14m profit and 2,148 employees. The company is classified under “agents involved in the sale of food, beverages and tobacco” and is based in North Shields; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- North Shields, North East
- Age
- 10 yrs · since 2015
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2023 | 31 Oct 2024 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £602m | £664m | £664m | £924m |
| Cost of sales | −£470m | −£516m | −£516m | −£717m |
| Gross profit | £132m | £148m | £148m | £207m |
| Operating profit | £29.4m | £28.8m | £28.8m | £30.9m |
| Profit before tax | £24.9m | £22.5m | £22.5m | £20.2m |
| Profit after tax | £19m | £16.7m | £16.7m | £14m |
| Profit (best available) | £19m | £16.7m | £16.7m | £14m |
| Employees (average) | 1,512 | 1,679 | 1,679 | 2,148 |
| Ratios | ||||
| Profit margin | 3.1% | 2.5% | 2.5% | 1.5% |
| Gross margin | 21.9% | 22.3% | 22.3% | 22.4% |
| Revenue per employee | £398k | £395k | £395k | £430k |
| Profit per employee | £12.5k | £10k | £10k | £6.5k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲10.2% | — | ▲39.3% |
| Profit growth | — | ▼11.8% | — | ▼16.4% |
| Headcount growth | — | ▲11% | — | ▲27.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2025 | Accounts · bulk data Jul 2026 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 1.5%
- Profit ÷ revenue.
- Gross margin
- 22.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £430k
- Revenue ÷ average employees.
- Profit per employee
- £6.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲28%
- Now 2,148
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Kite UK Topco Limitedultimate parent75–100%
- Kite UK Midco Limited75–100%
- Kite UK Bidco Limited75–100%
- Kitwave Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Kitwave Investments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £14m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.