Harness Group UK Limited
Registered name: HARNESS GROUP UK LIMITED
Harness Group UK Limited made £15.5m revenue and £829k profit in the year to 31 Jan 2025.
Harness Group UK Limited’s revenue grew 42% to £15.5m in the year to 31 Jan 2025, with £829k profit and 65 employees. The company is classified under “business and domestic software development” and is based in Cheltenham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cheltenham, South West
- Age
- 8 yrs · since 2018
- 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 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 | 31 Jan 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Profit only | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £10.9m | £15.5m |
| Operating profit | — | — | £806k | £1.1m |
| Profit before tax | — | — | £809k | £1.2m |
| Profit after tax | — | £534k | £446k | £829k |
| Profit (best available) | — | £534k | £446k | £829k |
| Staff costs | — | — | £8.3m | £11.4m |
| Employees (average) | 36 | 66 | 62 | 65 |
| Ratios | ||||
| Profit margin | — | — | 4.1% | 5.3% |
| Revenue per employee | — | — | £176k | £239k |
| Profit per employee | — | £8.1k | £7.2k | £12.8k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲42.1% |
| Profit growth | — | — | ▼16.5% | ▲85.9% |
| Headcount growth | — | ▲83.3% | ▼6.1% | ▲4.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £218k | £657k | £857k | £366k |
| Net assets | £1m | £2.2m | £3.2m | £4.4m |
| Fixed assets | £76.7k | £248k | £139k | £98k |
| Current assets | £1.2m | £2.3m | £4.3m | £6.8m |
| Debtors | £969k | £1.7m | £3.4m | £6.4m |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2026 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 5.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £239k
- Revenue ÷ average employees.
- Profit per employee
- £12.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 41.5%
- 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
- ▲38%
- Now £4.4m
- Cash at bank
- ▼57%
- Now £366k
- Headcount
- ▲5%
- Now 65
- Deferred income
- —
- Now —
- Fixed assets
- ▼30%
- Now £98k
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Sources
Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £829k), from the Companies House accounts bulk data published Jan 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.