How much does Spendesk Limited make?

Spendesk Limited reported revenue of £14.4m and £217k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Spendesk Limited have?

Spendesk Limited reported an average of 131 employees in the year to 31 Dec 2023.

Is Spendesk Limited profitable?

Yes — Spendesk Limited reported a profit of £217k in the year to 31 Dec 2023.

Company No. 12263851 · Incorporated 15 Oct 2019

Spendesk Limited

Registered name: SPENDESK LIMITED

Spendesk Limited made £14.4m revenue and £217k profit in the year to 31 Dec 2023.

Spendesk Limited’s revenue grew 52% to £14.4m in the year to 31 Dec 2023, with £217k profit and 131 employees. The company is classified under “other software publishing” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58290Other software publishing

Status: Active
Location: London, London
Age: 7 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentCapital-lightYoung and profitableCash flow filed

Revenue

£14.4m

Growth ▲52%

Profit

£217k

Growth ▼58.1%

Profit margin

1.5%

Employees

131

Change ▲65.8%

Profit / employee

£1.7k

Revenue/employee £110k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.5m	£14.4m
Operating profit	£668k	£290k
Profit before tax	£633k	£275k
Profit after tax	£520k	£217k
Profit (best available)	£520k	£217k
Staff costs	£7.4m	£12.4m
Employees (average)	79	131
Ratios
Profit margin	5.5%	1.5%
Revenue per employee	£120k	£110k
Profit per employee	£6.6k	£1.7k
Cash conversion	−136.4%	3491%
Growth (year on year)
Revenue growth	—	▲52%
Profit growth	—	▼58.1%
Headcount growth	—	▲65.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£13.4m	£3.1m
Net assets	£709k	£927k
Fixed assets	£94.9k	£101k
Current assets	£25.7m	£3.5m
Debtors	£2.4m	£0
Deferred income	£537k	£586k
Cash from operations	−£911k	£10.1m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 1.5%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £110k; Revenue ÷ average employees.
Profit per employee: £1.7k; Profit ÷ average employees.
Cash conversion: 3491%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▲31%; Now £927k
Cash at bank: ▼77%; Now £3.1m
Headcount: ▲66%; Now 131
Deferred income: ▲9%; Now £586k
Fixed assets: ▲7%; Now £101k

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £217k), from the Companies House accounts bulk data published Jul 2024. 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.