Upgrade Accounting Ltd
Registered name: UPGRADE ACCOUNTING LTD
Upgrade Accounting Ltd made £69.8k revenue and £51.6k profit in the year to 28 Feb 2025.
Upgrade Accounting Ltd’s revenue fell 16% to £69.8k in the year to 28 Feb 2025, with £51.6k profit and 1 employee. The company is classified under “accounting and auditing activities” and is based in ST. Albans; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- ST. Albans, East of England
- 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 | 28 Feb 2022 | 28 Feb 2023 | 28 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £79.7k | £94.2k | £83.4k | £69.8k |
| Profit after tax | £79.8k | £94.3k | £60.8k | £51.6k |
| Profit (best available) | £79.8k | £94.3k | £60.8k | £51.6k |
| Staff costs | — | — | £12.9k | £12.5k |
| Employees (average) | — | 1 | 1 | 1 |
| Ratios | ||||
| Profit margin | 100.1% | 100.1% | 72.9% | 73.9% |
| Revenue per employee | — | £94.2k | £83.4k | £69.8k |
| Profit per employee | — | £94.3k | £60.8k | £51.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲18.2% | ▼11.5% | ▼16.3% |
| Profit growth | — | ▲18.2% | ▼35.6% | ▼15.2% |
| Headcount growth | — | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £1.9k | £1.2k | −£6.8k | £3.2k |
| Current assets | £7.6k | £5.4k | £10.3k | £7.3k |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 73.9%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £69.8k
- Revenue ÷ average employees.
- Profit per employee
- £51.6k
- 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 £3.2k
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
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Sources
Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £51.6k), from the Companies House accounts bulk data published Nov 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.