How much does Formagrid UK Limited make?

Formagrid UK Limited reported revenue of £14m and a loss of £30k in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does Formagrid UK Limited have?

Formagrid UK Limited reported an average of 58 employees in the year to 31 Jan 2025.

Is Formagrid UK Limited profitable?

No — Formagrid UK Limited reported a loss of £30k in the year to 31 Jan 2025.

Company No. 13587567 · Incorporated 26 Aug 2021

Formagrid UK Limited

Registered name: FORMAGRID UK LIMITED

Part of Bending Spoons S.P.A. group

Formagrid UK Limited made £14m revenue and a £30k loss in the year to 31 Jan 2025.

Formagrid UK Limited’s revenue grew 31% to £14m in the year to 31 Jan 2025, with a loss of £30k and 58 employees. The company is classified under “combined office administrative service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82110Combined office administrative service activities SIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 5 yrs · since 2021
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.

Latest accounts · year to 31 Jan 2025

Key figures

Capital-light

Revenue

£14m

Growth ▲31%

Profit

−£30k

Growth —

Profit margin

−0.2%

Employees

Change ▲1.8%

Profit / employee

−£516

Revenue/employee £241k

Profitable streak

0yrs

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 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£10.7m	£14m
Operating profit	—	−£3.7m	−£809k
Profit before tax	—	−£3.7m	−£802k
Profit after tax	—	−£3.7m	−£30k
Profit (best available)	—	−£3.7m	−£30k
Staff costs	—	£10.2m	£10.7m
Employees (average)	33	57	58
Ratios
Profit margin	—	−35%	−0.2%
Revenue per employee	—	£187k	£241k
Profit per employee	—	−£65.5k	−£516
Growth (year on year)
Revenue growth	—	—	▲31%
Headcount growth	—	—	▲1.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£3m	£2.7m	£1.3m
Net assets	−£1.9m	−£3.2m	−£2.4m
Fixed assets	£35.6k	£44.8k	£133k
Current assets	£3.6m	£3m	£2.5m
Debtors	£577k	£330k	£1.3m
Deferred income	£2.2m	£1.5m	£1.7m
Source	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Jan 2026

Derived from the latest filing

How the business works

Profit margin: −0.2%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £241k; Revenue ÷ average employees.
Profit per employee: −£516; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 12.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.2%; 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: —; Now −£2.4m
Cash at bank: ▼53%; Now £1.3m
Headcount: ▲2%; Now 58
Deferred income: ▲16%; Now £1.7m
Fixed assets: ▲197%; Now £133k

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

Bending Spoons S.P.A. (registered outside the UK register)ultimate parent75–100%
Formagrid UK Limitedthis 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit −£30k), from the Companies House accounts bulk data published Jan 2026. 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.