How much does Northcoders Limited make?

Northcoders Limited reported revenue of £8.5m and £494k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Northcoders Limited have?

Northcoders Limited reported an average of 129 employees in the year to 31 Dec 2024.

Is Northcoders Limited profitable?

Yes — Northcoders Limited reported a profit of £494k in the year to 31 Dec 2024.

Company No. 09912193 · Incorporated 11 Dec 2015

Northcoders Limited

Registered name: NORTHCODERS LIMITED

Part of Northcoders Group PLC group

Northcoders Limited made £8.5m revenue and £494k profit in the year to 31 Dec 2024. read from filing text

Northcoders Limited’s revenue grew 35% to £8.5m in the year to 31 Dec 2024, with £494k profit and 129 employees. The company is classified under “business and domestic software development” and is based in Manchester; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: Manchester, North West
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. From the filing: “The Company is a wholly owned subsidiary of Northcoders Group Plc. Northcoders Group Plc is the”

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£8.5m

Growth ▲35.1%

Profit

£494k

Growth —

Profit margin

5.8%

Gross 67.6%

Employees

129

Change ▲4%

Profit / employee

£3.8k

Revenue/employee £66.1k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£6.3m	£8.5m
Cost of sales	£2.2m	£2.8m
Gross profit	£4.1m	£5.8m
Operating profit	−£809k	£709k
Profit before tax	−£1.1m	£473k
Profit after tax	−£938k	£494k
Profit (best available)	−£938k	£494k
Staff costs	£4.4m	£5.8m
Employees (average)	124	129
Ratios
Profit margin	−14.9%	5.8%
Gross margin	64.5%	67.6%
Revenue per employee	£50.9k	£66.1k
Profit per employee	−£7.6k	£3.8k
Growth (year on year)
Revenue growth	—	▲35.1%
Headcount growth	—	▲4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4m	£1.1m
Net assets	−£453k	£147k
Source	FullAccounts · bulk data May 2025	FullAccounts · bulk data May 2025

Derived from the latest filing

How the business works

Profit margin: 5.8%; Profit ÷ revenue.
Gross margin: 67.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £66.1k; Revenue ÷ average employees.
Profit per employee: £3.8k; 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.

Indirect — not revenue

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 £147k
Cash at bank: ▼19%; Now £1.1m
Headcount: ▲4%; Now 129
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Northcoders Group PLCultimate parent75–100%
Northcoders Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Northcoders Teched LimitedFigures not disclosed

Sister companies (1)

Tech Returners LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £494k), from the Companies House accounts bulk data published May 2025. 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.