How much does Af Corse UK Ltd make?

Af Corse UK Ltd reported revenue of £38.8m and £124k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Af Corse UK Ltd have?

Af Corse UK Ltd reported an average of 6 employees in the year to 31 Dec 2024.

Is Af Corse UK Ltd profitable?

Yes — Af Corse UK Ltd reported a profit of £124k in the year to 31 Dec 2024.

Company No. 11627605 · Incorporated 17 Oct 2018

Af Corse UK Ltd

Registered name: AF CORSE UK LTD

Af Corse UK Ltd made £38.8m revenue and £124k profit in the year to 31 Dec 2024.

Af Corse UK Ltd’s revenue grew 18% to £38.8m in the year to 31 Dec 2024, with £124k profit and 6 employees. The company is classified under “other sports activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection R · Arts, entertainment and recreationSIC 93199Other sports activities

Status: Active
Location: London, London
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentSmall teamCapital-lightCash flow filed

Revenue

£38.8m

Growth ▲18.3%

Profit

£124k

Growth —

Profit margin

0.3%

Gross 6.3%

Employees

Change ▲20%

Profit / employee

£20.6k

Revenue/employee £6.5m

Profitable streak

1yr

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 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Profit only	Profit only	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£32.8m	£38.8m
Cost of sales	—	—	£30.5m	£36.3m
Gross profit	—	—	£2.3m	£2.4m
Operating profit	—	—	−£222k	£516k
Profit before tax	—	—	−£498k	£676k
Profit after tax	−£257k	£436k	−£362k	£124k
Profit (best available)	−£257k	£436k	−£362k	£124k
Staff costs	—	—	£85.1k	£120k
Employees (average)	4	4	5	6
Ratios
Profit margin	—	—	−1.1%	0.3%
Gross margin	—	—	6.9%	6.3%
Revenue per employee	—	—	£6.6m	£6.5m
Profit per employee	−£64.2k	£109k	−£72.3k	£20.6k
Cash conversion	—	—	—	−102%
Growth (year on year)
Revenue growth	—	—	—	▲18.3%
Profit growth	—	—	▼182.9%	—
Headcount growth	—	0%	▲25%	▲20%
Balance sheet — indirect signals, not revenue
Cash at bank	£4m	£1.4m	£6.3m	£6.2m
Net assets	£978k	£1.4m	£1.1m	£1.1m
Fixed assets	£4.7m	£4.4m	£3.3m	£1.9m
Current assets	£9.7m	£9.7m	£12.5m	£13.4m
Debtors	£4.1m	£5.6m	£2.2m	£2.5m
Deferred income	£3.7m	£3.6m	£3m	£2.6m
Cash from operations	—	—	£2.6m	−£527k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 0.3%; Profit ÷ revenue.
Gross margin: 6.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £6.5m; Revenue ÷ average employees.
Profit per employee: £20.6k; Profit ÷ average employees.
Cash conversion: −102%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.4%; 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: ▲2%; Now £1.1m
Cash at bank: ▼1%; Now £6.2m
Headcount: ▲20%; Now 6
Deferred income: ▼13%; Now £2.6m
Fixed assets: ▼42%; Now £1.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £124k), from the Companies House accounts bulk data published Apr 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.