Wedo Business Finance Ltd
Registered name: WEDO BUSINESS FINANCE LTD
Wedo Business Finance Ltd made £18.2m revenue and £215k profit in the year to 31 Dec 2024.
Wedo Business Finance Ltd’s revenue was £18.2m in the year to 31 Dec 2024, with £215k profit and 71 employees. The company is classified under “activities of head offices” and is based in Oldham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Oldham, North West
- Age
- 7 yrs · since 2019
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2022 | 31 Jul 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £12.7m | £18.2m |
| Cost of sales | — | £7.4m | £8.2m |
| Gross profit | — | £5.3m | £9.9m |
| Operating profit | — | −£60.6k | £468k |
| Profit before tax | — | −£6k | £429k |
| Profit after tax | — | £41.7k | £215k |
| Profit (best available) | — | £41.7k | £215k |
| Staff costs | — | £2.8m | £4.9m |
| Employees (average) | 27 | 35 | 71 |
| Ratios | |||
| Profit margin | — | 0.3% | 1.2% |
| Gross margin | — | 41.9% | 54.6% |
| Revenue per employee | — | £364k | £256k |
| Profit per employee | — | £1.2k | £3k |
| Cash conversion | — | — | −121.9% |
| Growth (year on year) | |||
| Headcount growth | — | ▲29.6% | — |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.7m | £2.9m | £2.5m |
| Net assets | £285k | £326k | £498k |
| Fixed assets | £89.9k | £3.7m | £471k |
| Current assets | £41.7m | £52.5m | £52.6m |
| Debtors | £953k | £523k | £373k |
| Deferred income | — | £7m | £1.5m |
| Cash from operations | — | −£5.4m | −£570k |
| Source | Accounts · bulk data Apr 2024 | Accounts · bulk data Apr 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 1.2%
- Profit ÷ revenue.
- Gross margin
- 54.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £256k
- Revenue ÷ average employees.
- Profit per employee
- £3k
- Profit ÷ average employees.
- Cash conversion
- −121.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.1%
- 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 £498k
- Cash at bank
- —
- Now £2.5m
- Headcount
- —
- Now 71
- Deferred income
- —
- Now £1.5m
- Fixed assets
- —
- Now £471k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (10)
- Wedo Accountancy Services LtdFigures not disclosed
- Wedo Asset Finance LtdFigures not disclosed
- Wedo Digital Technologies LimitedFigures not disclosed
- Wedo HR Support LtdFigures not disclosed
- Wedo Invoice Finance LtdFigures not disclosed
- Wedo Property Finance LtdFigures not disclosed
- Wedo Rpo LtdFigures not disclosed
- Wedo SPV 2026 LimitedFigures not disclosed
- Wedo Support Services LtdFigures not disclosed
- Wedo Trade Finance LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £215k), from the Companies House accounts bulk data published Sep 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.