How much does Hap Flexi Limited make?

Hap Flexi Limited reported revenue of £10.7m and £287k profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Hap Flexi Limited have?

Hap Flexi Limited reported an average of 1,613 employees in the year to 31 Oct 2025.

Is Hap Flexi Limited profitable?

Yes — Hap Flexi Limited reported a profit of £287k in the year to 31 Oct 2025.

Company No. 10364408 · Incorporated 7 Sep 2016

Hap Flexi Limited

Registered name: HAP FLEXI LIMITED

Part of Norlin Ventures Limited group

Hap Flexi Limited made £10.7m revenue and £287k profit in the year to 31 Oct 2025. read from filing text

Hap Flexi Limited’s revenue fell 8% to £10.7m in the year to 31 Oct 2025, with £287k profit and 1,613 employees. The company is classified under “other information technology service activities” and is based in Stockport; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities SIC 78109Other activities of employment placement agencies SIC 78200Temporary employment agency activities

Status: Active
Location: Stockport, North West
Age: 10 yrs · since 2016
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 immediate parent company is HAP Solutions (Holdings) Limited and ultimate parent company is Norlin Ventures Limited.”

Latest accounts · year to 31 Oct 2025

Key figures

Capital-light

Revenue

£10.7m

Growth ▼7.6%

Profit

£287k

Growth ▼47.7%

Profit margin

2.7%

Gross 19.1%

Employees

1,613

Change ▲1.2%

Profit / employee

£178

Revenue/employee £6.6k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£15.6m	£15.2m	£11.6m	£10.7m
Cost of sales	£12.6m	£12.2m	£9.4m	£8.7m
Gross profit	£2.9m	£3m	£2.2m	£2m
Operating profit	£257k	£403k	£389k	£380k
Profit before tax	£244k	£403k	£389k	£336k
Profit after tax	£245k	£386k	£549k	£287k
Profit (best available)	£245k	£386k	£549k	£287k
Staff costs	£13.2m	£12.4m	£9.7m	£8.6m
Employees (average)	2,029	2,021	1,594	1,613
Ratios
Profit margin	1.6%	2.5%	4.7%	2.7%
Gross margin	18.9%	19.5%	19.1%	19.1%
Revenue per employee	£7.7k	£7.5k	£7.3k	£6.6k
Profit per employee	£121	£191	£344	£178
Cash conversion	−359.4%	−65.8%	−23.5%	—
Growth (year on year)
Revenue growth	—	▼2.4%	▼23.6%	▼7.6%
Profit growth	—	▲57.9%	▲42%	▼47.7%
Headcount growth	—	▼0.4%	▼21.1%	▲1.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£1.4m	£1.3m	£557k
Net assets	£299k	£686k	£1.2m	£1.8m
Fixed assets	£123k	£95.7k	£83.7k	£55.5k
Current assets	£2.1m	£2.2m	£2.5m	£3m
Debtors	£805k	£771k	£637k	£107k
Deferred income	£52.2k	£736k	£631k	£612k
Cash from operations	−£924k	−£265k	−£91.4k	—
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 2.7%; Profit ÷ revenue.
Gross margin: 19.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £6.6k; Revenue ÷ average employees.
Profit per employee: £178; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1%; 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: ▲44%; Now £1.8m
Cash at bank: ▼57%; Now £557k
Headcount: ▲1%; Now 1,613
Deferred income: ▼3%; Now £612k
Fixed assets: ▼34%; Now £55.5k

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

Norlin Ventures Limitedultimate parent75–100%
Hap Solutions (Holdings) Limited75–100%
Hap Flexi Limitedthis company

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

Sister companies (4)

Cactus Payroll Solutions LtdFigures not disclosed
Hap Academy LimitedFigures not disclosed
Hap Talent LtdFigures not disclosed
Hap Tech Rec LtdFigures 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 Oct 2025 (profit £287k), 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.