How much does Wok Chop Ltd make?

Wok Chop Ltd reported revenue of £9.4m and £1.8m profit in the year to 23 Apr 2023, according to its accounts filed at Companies House.

How many employees does Wok Chop Ltd have?

Wok Chop Ltd reported an average of 135 employees in the year to 23 Apr 2023.

Is Wok Chop Ltd profitable?

Yes — Wok Chop Ltd reported a profit of £1.8m in the year to 23 Apr 2023.

Company No. 10320728 · Incorporated 9 Aug 2016

Wok Chop Ltd

Registered name: WOK CHOP LTD

Part of QSRP UK Ltd group

Wok Chop Ltd made £9.4m revenue and £1.8m profit in the year to 23 Apr 2023.

Wok Chop Ltd’s revenue grew 6% to £9.4m in the year to 23 Apr 2023, with £1.8m profit and 135 employees. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
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 23 Apr 2023

Key figures

Capital-light

Revenue

£9.4m

Growth ▲5.8%

Profit

£1.8m

Growth ▼19.5%

Profit margin

18.7%

Gross 68.4%

Employees

135

Change ▲5.5%

Profit / employee

£13.1k

Revenue/employee £70k

Profitable streak

2yrs

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	24 Apr 2022	23 Apr 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£8.9m	£9.4m
Cost of sales	£2.6m	£3m
Gross profit	£6.3m	£6.5m
Operating profit	£2.2m	£1.8m
Profit before tax	£2.2m	£1.8m
Profit after tax	£2.2m	£1.8m
Profit (best available)	£2.2m	£1.8m
Staff costs	£2.1m	£2.1m
Employees (average)	128	135
Ratios
Profit margin	24.5%	18.7%
Gross margin	71%	68.4%
Revenue per employee	£69.8k	£70k
Profit per employee	£17.1k	£13.1k
Growth (year on year)
Revenue growth	—	▲5.8%
Profit growth	—	▼19.5%
Headcount growth	—	▲5.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£497k	£601k
Net assets	£4.1m	£5.9m
Fixed assets	£348k	£313k
Current assets	£4.8m	£6.9m
Debtors	£132k	£130k
Deferred income	£291k	£501k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: 18.7%; Profit ÷ revenue.
Gross margin: 68.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £70k; Revenue ÷ average employees.
Profit per employee: £13.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.4%; 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: ▲43%; Now £5.9m
Cash at bank: ▲21%; Now £601k
Headcount: ▲5%; Now 135
Deferred income: ▲72%; Now £501k
Fixed assets: ▼10%; Now £313k

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

QSRP UK Ltdultimate parent50–75%
Chopstix Group Ltd75–100%
Chopstix Restaurant Limited75–100%
Wok Chop Ltdthis company

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

Sister companies (9)

East Midlands Centre Investments LtdRev. £264k · Profit −£668
Chopstix Canary Wharf LtdRev. £193k · Profit −£1.5k
Chopstix Gyle Centre LtdRev. £102k · Profit −£14.2k
Thurloe Street LimitedRev. £99.2k · Profit −£17.6k
Chopstix Glasgow LtdRev. £97.2k · Profit −£7k
Chopstix Swindon LimitedRev. £27.9k · Profit −£364
Bridgend Centre Investments LtdFigures not disclosed
Chopstix Arndale LtdFigures not disclosed
Chopstix Wrexham 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 23 Apr 2023 (profit £1.8m), from the Companies House accounts bulk data published May 2024. 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.