Whco9 Limited
Registered name: WHCO9 LIMITED
Part of Siamo Group Holdings Limited groupWhco9 Limited made £95.7m revenue and £213k profit in the year to 31 Dec 2025.
Whco9 Limited’s revenue fell 7% to £95.7m in the year to 31 Dec 2025, with £213k profit and 3,528 employees. The company is classified under “activities of distribution holding companies” and is based in Birmingham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Birmingham, West Midlands
- Age
- 7 yrs · since 2018
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £90m | £103m | £95.7m |
| Cost of sales | −£81.8m | −£94.6m | −£88.3m |
| Gross profit | £8.2m | £8m | £7.4m |
| Operating profit | £444k | £801k | £698k |
| Profit before tax | £101k | £486k | £442k |
| Profit after tax | −£24.3k | £248k | £213k |
| Profit (best available) | −£24.3k | £248k | £213k |
| Employees (average) | — | 3,971 | 3,528 |
| Ratios | |||
| Profit margin | 0% | 0.2% | 0.2% |
| Gross margin | 9.1% | 7.8% | 7.7% |
| Revenue per employee | — | £25.8k | £27.1k |
| Profit per employee | — | £62 | £60 |
| Growth (year on year) | |||
| Revenue growth | — | ▲14% | ▼6.8% |
| Profit growth | — | — | ▼14.1% |
| Headcount growth | — | — | ▼11.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 0.2%
- Profit ÷ revenue.
- Gross margin
- 7.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £27.1k
- Revenue ÷ average employees.
- Profit per employee
- £60
- 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
- ▼11%
- Now 3,528
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Siamo Group Holdings Limitedultimate parent75–100%
- Whco9 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Siamo Azzuri LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £213k), 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.