How much does PAX8 UK Limited make?

PAX8 UK Limited reported revenue of £131m and a loss of £7.4m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does PAX8 UK Limited have?

PAX8 UK Limited reported an average of 204 employees in the year to 31 Dec 2024.

Is PAX8 UK Limited profitable?

No — PAX8 UK Limited reported a loss of £7.4m in the year to 31 Dec 2024.

Company No. 11737022 · Incorporated 20 Dec 2018

PAX8 UK Limited

Registered name: PAX8 UK LIMITED

PAX8 UK Limited made £131m revenue and a £7.4m loss in the year to 31 Dec 2024. read from filing text

PAX8 UK Limited’s revenue grew 58% to £131m in the year to 31 Dec 2024, with a loss of £7.4m and 204 employees. The company is classified under “management consultancy activities other than financial management” and is based in Bristol; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 70229Management consultancy activities other than financial management

Status: Active
Location: Bristol, South West
Age: 7 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-light

Revenue

£131m

Growth ▲58.3%

Profit

−£7.4m

Growth —

Profit margin

−5.6%

Gross 14.9%

Employees

204

Change ▲16.6%

Profit / employee

−£36.1k

Revenue/employee £642k

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 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£12.8m	£42.5m	£82.8m	£131m
Cost of sales	£9.9m	£36.1m	£71.4m	£112m
Gross profit	£3m	£6.5m	£11.4m	£19.5m
Operating profit	−£5.7m	−£13.1m	−£12.2m	−£7.3m
Profit before tax	−£5.8m	−£13.2m	−£12.4m	−£7.4m
Profit after tax	−£5.8m	−£13.1m	−£12.4m	−£7.4m
Profit (best available)	−£5.8m	−£13.1m	−£12.4m	−£7.4m
Employees (average)	77	181	175	204
Ratios
Profit margin	−45.2%	−30.9%	−14.9%	−5.6%
Gross margin	23%	15.2%	13.8%	14.9%
Revenue per employee	£167k	£235k	£473k	£642k
Profit per employee	−£75.5k	−£72.6k	−£70.7k	−£36.1k
Growth (year on year)
Revenue growth	—	▲231.2%	▲94.5%	▲58.3%
Headcount growth	—	▲135.1%	▼3.3%	▲16.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£4m	£10.4m	£14.8m
Net assets	−£5.4m	−£18.1m	−£30.1m	−£36.7m
Fixed assets	£6.9m	£8.5m	£8.6m	£9.9m
Current assets	£2.8m	£11m	£20.5m	£30.9m
Debtors	£321k	£1.8m	£3.8m	£5.2m
Deferred income	£328k	£4.3m	£6.5m	£10.8m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −5.6%; Profit ÷ revenue.
Gross margin: 14.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £642k; Revenue ÷ average employees.
Profit per employee: −£36.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 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: —; Now −£36.7m
Cash at bank: ▲43%; Now £14.8m
Headcount: ▲17%; Now 204
Deferred income: ▲67%; Now £10.8m
Fixed assets: ▲15%; Now £9.9m

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

Corporate ownership

Group structure

Subsidiaries (1)

Wirehive LimitedRev. £100m · Profit −£90.7k

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£7.4m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 13 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.