Flyform Group Ltd
Registered name: FLYFORM GROUP LTD
Flyform Group Ltd made £11.7m revenue and £153k profit in the year to 31 Dec 2024. read from filing text
Flyform Group Ltd’s revenue fell 22% to £11.7m in the year to 31 Dec 2024, with £153k profit and 67 employees. The company is classified under “activities of other holding companies” and is based in Cardiff; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 4 yrs · since 2021
- 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 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £6.4m | £15m | £11.7m |
| Cost of sales | £4.5m | £11m | £7.9m |
| Gross profit | £1.8m | £4m | £3.9m |
| Operating profit | £650k | £74.4k | £380k |
| Profit before tax | £621k | −£24.1k | £289k |
| Profit after tax | £693k | −£102k | £153k |
| Profit (best available) | £693k | −£102k | £153k |
| Employees (average) | 67 | 72 | 67 |
| Ratios | |||
| Profit margin | 10.9% | −0.7% | 1.3% |
| Gross margin | 28.6% | 26.7% | 33.1% |
| Revenue per employee | £94.8k | £208k | £175k |
| Profit per employee | £10.3k | −£1.4k | £2.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲136.3% | ▼21.8% |
| Profit growth | — | ▼114.7% | — |
| Headcount growth | — | ▲7.5% | ▼6.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £8 | £8 | −£13.1k |
| Fixed assets | £410k | £410k | £410k |
| Debtors | £0 | £0 | £0 |
| Deferred income | £750 | £750 | £0 |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 1.3%
- Profit ÷ revenue.
- Gross margin
- 33.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £175k
- Revenue ÷ average employees.
- Profit per employee
- £2.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▼163975%
- Now −£13.1k
- Cash at bank
- —
- Now —
- Headcount
- ▼7%
- Now 67
- Deferred income
- ▼100%
- Now £0
- Fixed assets
- 0%
- Now £410k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Flyform LtdRev. £11.7m · Profit £368k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £153k), from the Companies House accounts bulk data published Mar 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.