Joint Operations Ltd
Registered name: JOINT OPERATIONS LTD
Joint Operations Ltd made £20.8m revenue and £669k profit in the year to 31 Mar 2025.
Joint Operations Ltd’s revenue grew 48% to £20.8m in the year to 31 Mar 2025, with £669k profit and 51 employees. The company is classified under “other professional, scientific and technical activities” and is based in Swindon; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Swindon, South West
- Age
- 7 yrs · since 2019
- 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 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £14m | £20.8m |
| Cost of sales | — | — | £10.5m | £16.6m |
| Gross profit | — | — | £3.5m | £4.2m |
| Operating profit | — | — | £712k | £1.3m |
| Profit before tax | — | — | £487k | £989k |
| Profit after tax | — | — | £422k | £669k |
| Profit (best available) | — | — | £422k | £669k |
| Staff costs | — | — | £3.1m | £3.8m |
| Employees (average) | 2 | 30 | 44 | 51 |
| Ratios | ||||
| Profit margin | — | — | 3% | 3.2% |
| Gross margin | — | — | 25.3% | 20.1% |
| Revenue per employee | — | — | £319k | £408k |
| Profit per employee | — | — | £9.6k | £13.1k |
| Cash conversion | — | — | 15.7% | −116.7% |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲48.3% |
| Profit growth | — | — | — | ▲58.6% |
| Headcount growth | — | ▲1400% | ▲46.7% | ▲15.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £100 | £111k | £265k | £1.4m |
| Net assets | −£1k | £22.9k | £196k | £1m |
| Fixed assets | £0 | £273k | £224k | £765k |
| Current assets | £100 | £5m | £6.9m | £11.2m |
| Debtors | £0 | £1.9m | £2.7m | £4.1m |
| Cash from operations | — | — | £112k | −£1.5m |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 3.2%
- Profit ÷ revenue.
- Gross margin
- 20.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £408k
- Revenue ÷ average employees.
- Profit per employee
- £13.1k
- Profit ÷ average employees.
- Cash conversion
- −116.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.8%
- 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
- ▲428%
- Now £1m
- Cash at bank
- ▲414%
- Now £1.4m
- Headcount
- ▲16%
- Now 51
- Deferred income
- —
- Now —
- Fixed assets
- ▲242%
- Now £765k
Group structure
Subsidiaries (1)
- Joint Innovations LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Synexus LimitedCambridge · Other professional, scientific and technical activities n.e.c.
- Revenue
- £20.6m
- Profit
- £1.2m
- Staff
- 169
- Design Blue LimitedCroydon · Other professional, scientific and technical activities n.e.c.
- Revenue
- £20.5m
- Profit
- £383k
- Staff
- 38
- Alfasigma UK LimitedCambridge · Other professional, scientific and technical activities n.e.c.
- Revenue
- £20.5m
- Profit
- £2.2m
- Staff
- 56
- Hamilton Sales & Service UK LtdBirmingham · Other professional, scientific and technical activities n.e.c.
- Revenue
- £20.2m
- Profit
- £1.7m
- Staff
- 37
- Technology Management LimitedWolverhampton · Other professional, scientific and technical activities n.e.c.
- Revenue
- £19.9m
- Profit
- £1.3m
- Staff
- 178
- Quat-Chem LimitedRochdale · Other professional, scientific and technical activities n.e.c.
- Revenue
- £21.8m
- Profit
- £1.2m
- Staff
- 57
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £669k), from the Companies House accounts bulk data published Dec 2025. 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.