How much does Code Students Limited make?

Code Students Limited reported revenue of £19.4m and a loss of £10.6m in the year to 31 Aug 2024, according to its accounts filed at Companies House.

How many employees does Code Students Limited have?

Code Students Limited reported an average of 81 employees in the year to 31 Aug 2024.

Is Code Students Limited profitable?

No — Code Students Limited reported a loss of £10.6m in the year to 31 Aug 2024.

Company No. 10148027 · Incorporated 26 Apr 2016

Code Students Limited

Registered name: CODE STUDENTS LIMITED

Part of Code Holdings Limited group

Code Students Limited made £19.4m revenue and a £10.6m loss in the year to 31 Aug 2024.

Code Students Limited’s revenue grew 10% to £19.4m in the year to 31 Aug 2024, with a loss of £10.6m and 81 employees. The company is classified under “other letting and operating of own or leased real estate” and is based in Leicester; we hold 3 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68209Other letting and operating of own or leased real estate

Status: Active
Location: Leicester, East Midlands
Age: 10 yrs · since 2016
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.

Latest accounts · year to 31 Aug 2024

Key figures

Revenue

£19.4m

Growth ▲10%

Profit

−£10.6m

Growth —

Profit margin

−54.7%

Employees

Change ▲9.5%

Profit / employee

−£131k

Revenue/employee £240k

Profitable streak

0yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023	31 Aug 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£16.6m	£17.7m	£19.4m
Cost of sales	£4.3k	£0	—
Gross profit	£16.6m	£17.7m	—
Operating profit	£11.3m	£12.3m	£12.7m
Profit before tax	£42.3m	−£1.1m	−£15m
Profit after tax	£31m	−£545k	−£10.6m
Profit (best available)	£31m	−£545k	−£10.6m
Staff costs	£1.7m	£2m	£2.4m
Employees (average)	64	74	81
Ratios
Profit margin	186.7%	−3.1%	−54.7%
Gross margin	100%	100%	—
Revenue per employee	£259k	£239k	£240k
Profit per employee	£484k	−£7.4k	−£131k
Growth (year on year)
Revenue growth	—	▲6.5%	▲10%
Profit growth	—	▼101.8%	—
Headcount growth	—	▲15.6%	▲9.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£9.4m	£4.4m	£3.6m
Net assets	£179m	£179m	£168m
Fixed assets	£246m	£240m	£198m
Current assets	£38m	£41.6m	£65.3m
Debtors	£8.9k	£16.9k	£7.8k
Deferred income	£6.4m	£8.6m	£6.7m
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2025

Derived from the latest filing

How the business works

Profit margin: −54.7%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £240k; Revenue ÷ average employees.
Profit per employee: −£131k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1021%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 34.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▼6%; Now £168m
Cash at bank: ▼17%; Now £3.6m
Headcount: ▲9%; Now 81
Deferred income: ▼22%; Now £6.7m
Fixed assets: ▼17%; Now £198m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Code Holdings Limitedultimate parent75–100%
Code Students Limitedthis company

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

Sister companies (7)

A S Investments (Leicester) LtdFigures not disclosed
Code Coventry (Gala) LimitedFigures not disclosed
Code Coventry LimitedFigures not disclosed
Code Liverpool LimitedFigures not disclosed
Code Projects LimitedFigures not disclosed
Code Students (Wellington Street) LimitedFigures not disclosed
Welford Road Leicester Partnership 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 Aug 2024 (profit −£10.6m), 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.