How much does Monday.com UK 2020 Ltd. make?

Monday.com UK 2020 Ltd. reported revenue of £22.9m and £1.2m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Monday.com UK 2020 Ltd. have?

Monday.com UK 2020 Ltd. reported an average of 71 employees in the year to 31 Dec 2023.

Is Monday.com UK 2020 Ltd. profitable?

Yes — Monday.com UK 2020 Ltd. reported a profit of £1.2m in the year to 31 Dec 2023.

Company No. 12855633 · Incorporated 3 Sep 2020

Monday.com UK 2020 Ltd.

Registered name: MONDAY.COM UK 2020 LTD.

Part of Monday.Com Ltd. group

Monday.com UK 2020 Ltd. made £22.9m revenue and £1.2m profit in the year to 31 Dec 2023.

Monday.com UK 2020 Ltd.’s revenue grew 39% to £22.9m in the year to 31 Dec 2023, with £1.2m profit and 71 employees. The company is classified under “other information technology service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: London, London
Age: 6 yrs · since 2020
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The Company is wholly owned by Monday.Com Ltd, a company incorporated in Israel, which is the Company’s immediate and ultimate parent company. The registered address of Monday.Com ltd is 6777506, 6 Yi”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightYoung and profitableOperating leverage

Revenue

£22.9m

Growth ▲39%

Profit

£1.2m

Growth ▲68.3%

Profit margin

5.2%

Gross 100%

Employees

Change ▲29.1%

Profit / employee

£16.9k

Revenue/employee £323k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.8m	£16.5m	£22.9m
Gross profit	£6.8m	£16.5m	£22.9m
Operating profit	£341k	£1.2m	£1.7m
Profit before tax	£341k	£1.2m	£1.7m
Profit after tax	£117k	£714k	£1.2m
Profit (best available)	£117k	£714k	£1.2m
Staff costs	£4.6m	£9.7m	£14.2m
Employees (average)	20	55	71
Ratios
Profit margin	1.7%	4.3%	5.2%
Gross margin	100%	100%	100%
Revenue per employee	£341k	£300k	£323k
Profit per employee	£5.8k	£13k	£16.9k
Growth (year on year)
Revenue growth	—	—	▲39%
Profit growth	—	—	▲68.3%
Headcount growth	—	—	▲29.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£645k	£3.2m	£5.5m
Net assets	£1m	£3.6m	£6.7m
Fixed assets	£80.1k	£495k	£557k
Current assets	£2.3m	£5m	£9.4m
Debtors	£1.7m	£1.8m	£3.9m
Deferred income	£64k	£452k	£929k
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023	Accounts · bulk data Jan 2025

Derived from the latest filing

How the business works

Profit margin: 5.2%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £323k; Revenue ÷ average employees.
Profit per employee: £16.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 17.1%; 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: ▲87%; Now £6.7m
Cash at bank: ▲72%; Now £5.5m
Headcount: ▲29%; Now 71
Deferred income: ▲106%; Now £929k
Fixed assets: ▲13%; Now £557k

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

Ownership chain

Monday.Com Ltd. (registered outside the UK register)ultimate parent75–100%
Monday.com UK 2020 Ltd.this company

Bands show the share of ownership each company holds in the one below it.

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £1.2m), from the Companies House accounts bulk data published Jan 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.