How much does Waggel Limited make?

Waggel Limited reported revenue of £14.3m and a loss of £124k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Waggel Limited have?

Waggel Limited reported an average of 89 employees in the year to 31 Dec 2025.

Is Waggel Limited profitable?

No — Waggel Limited reported a loss of £124k in the year to 31 Dec 2025.

Company No. 10581138 · Incorporated 24 Jan 2017

Waggel Limited

Registered name: WAGGEL LIMITED

Part of Correlation One Investments (Europe) Limited group

Waggel Limited made £14.3m revenue and a £124k loss in the year to 31 Dec 2025.

Waggel Limited’s revenue grew 30% to £14.3m in the year to 31 Dec 2025, with a loss of £124k and 89 employees. The company is classified under “activities of insurance agents and brokers” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 66220Activities of insurance agents and brokers

Status: Active
Location: London, London
Age: 9 yrs · since 2017
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 Dec 2025

Key figures

Revenue

£14.3m

Growth ▲29.6%

Profit

−£124k

Growth —

Profit margin

−0.9%

Gross 30.6%

Employees

Change ▲23.6%

Profit / employee

−£1.4k

Revenue/employee £161k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£11m	£14.3m
Cost of sales	—	—	£9.1m	£9.9m
Gross profit	—	—	£2m	£4.4m
Operating profit	—	—	−£1.7m	−£678k
Profit before tax	—	—	−£1.7m	−£708k
Profit after tax	—	—	−£1.7m	−£124k
Profit (best available)	—	—	−£1.7m	−£124k
Staff costs	—	—	£3.1m	£4.2m
Employees (average)	44	51	72	89
Ratios
Profit margin	—	—	−15.3%	−0.9%
Gross margin	—	—	18%	30.6%
Revenue per employee	—	—	£153k	£161k
Profit per employee	—	—	−£23.5k	−£1.4k
Growth (year on year)
Revenue growth	—	—	—	▲29.6%
Headcount growth	—	▲15.9%	▲41.2%	▲23.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£608k	£1m	£1.9m	£2.1m
Net assets	−£5.8m	−£7.9m	−£9.6m	−£9.7m
Current assets	£629k	£1.1m	£2m	£2.7m
Debtors	£125k	£207k	£250k	£811k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FilletedAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −0.9%; Profit ÷ revenue.
Gross margin: 30.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £161k; Revenue ÷ average employees.
Profit per employee: −£1.4k; 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: 5.7%; 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 −£9.7m
Cash at bank: ▲11%; Now £2.1m
Headcount: ▲24%; Now 89
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Correlation One Investments (Europe) Limitedultimate parent75–100%
Architech Software Limited75–100%
Waggel Limitedthis company

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

Sister companies (2)

Kibble Ltd.Figures not disclosed
Waggel Membership 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 2025 (profit −£124k), from the Companies House accounts bulk data published Sep 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.