American Well Corporation UK Limited
Registered name: AMERICAN WELL CORPORATION UK LIMITED
American Well Corporation UK Limited made £6.4m revenue and £608k profit in the year to 31 Dec 2024.
American Well Corporation UK Limited’s revenue grew 32% to £6.4m in the year to 31 Dec 2024, with £608k profit and 19 employees. The company is classified under “business and domestic software development” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 9 yrs · since 2017
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £1.4m | £3.8m | £4.8m | £6.4m |
| Cost of sales | £81.6k | £187k | −£161k | −£307k |
| Gross profit | £1.3m | £3.6m | £4.6m | £6.1m |
| Operating profit | £246k | £1m | £695k | £845k |
| Profit before tax | £246k | £1m | £695k | £845k |
| Profit after tax | £201k | £804k | £517k | £608k |
| Profit (best available) | £201k | £804k | £517k | £608k |
| Employees (average) | 14 | 26 | 29 | 19 |
| Ratios | ||||
| Profit margin | 14.4% | 21% | 10.8% | 9.6% |
| Gross margin | 94.2% | 95.1% | 96.7% | 95.2% |
| Revenue per employee | £99.8k | £147k | £166k | £335k |
| Profit per employee | £14.3k | £30.9k | £17.8k | £32k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲174% | ▲25.5% | ▲32.4% |
| Profit growth | — | ▲300.6% | ▼35.7% | ▲17.6% |
| Headcount growth | — | ▲85.7% | ▲11.5% | ▼34.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £425k | £488k | — | — |
| Net assets | £165k | £1m | — | — |
| Fixed assets | £3.9k | £1.9k | — | — |
| Current assets | £1.2m | £3.6m | — | — |
| Debtors | £448k | £2.6m | — | — |
| Deferred income | £749k | £2.1m | — | — |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | Accounts · bulk data Dec 2025 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 9.6%
- Profit ÷ revenue.
- Gross margin
- 95.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £335k
- Revenue ÷ average employees.
- Profit per employee
- £32k
- 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.
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 —
- Cash at bank
- —
- Now —
- Headcount
- ▼34%
- Now 19
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Similar profitable businesses
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- Profit
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- Third Millennium Systems LimitedCardiff · Business and domestic software development
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- Total Systems PLCBusiness and domestic software development
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- Histon House LtdLondon · Business and domestic software development
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- Csy Retail Systems LtdLondon · Business and domestic software development
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- Profit
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Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £608k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 17 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.