Codasip UK Limited
Registered name: CODASIP UK LIMITED
Codasip UK Limited made £2.4m revenue and £582k profit in the year to 31 Dec 2025.
Codasip UK Limited’s revenue fell 74% to £2.4m in the year to 31 Dec 2025, with £582k profit and 18 employees. The company is classified under “other service activities” and is based in Bristol; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Bristol, South West
- Age
- 4 yrs · since 2021
- Type
- Private Limited Company
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 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £6.8m | £9.3m | £2.4m |
| Cost of sales | — | £0 | £43k | £49.6k |
| Gross profit | — | £6.8m | £9.3m | £2.3m |
| Operating profit | — | £97.3k | £703k | £772k |
| Profit before tax | — | £97.4k | £129k | £758k |
| Profit after tax | — | £63.7k | £545k | £582k |
| Profit (best available) | — | £63.7k | £545k | £582k |
| Employees (average) | 23 | 45 | 67 | 18 |
| Ratios | ||||
| Profit margin | — | 0.9% | 5.9% | 24.3% |
| Gross margin | — | 100% | 99.5% | 97.9% |
| Revenue per employee | — | £151k | £139k | £133k |
| Profit per employee | — | £1.4k | £8.1k | £32.3k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲36.6% | ▼74.2% |
| Profit growth | — | — | ▲755.2% | ▲6.8% |
| Headcount growth | — | ▲95.7% | ▲48.9% | ▼73.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £215k | £189k | £105k | £50.7k |
| Net assets | −£13.7k | £150k | £695k | £1.3m |
| Fixed assets | £16.4k | £47.9k | £52.9k | £24.7k |
| Current assets | £347k | £938k | £2.4m | £2m |
| Debtors | £87.4k | £460k | £0 | £27.1k |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 24.3%
- Profit ÷ revenue.
- Gross margin
- 97.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £133k
- Revenue ÷ average employees.
- Profit per employee
- £32.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.1%
- 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
- ▲84%
- Now £1.3m
- Cash at bank
- ▼52%
- Now £50.7k
- Headcount
- ▼73%
- Now 18
- Deferred income
- —
- Now —
- Fixed assets
- ▼53%
- Now £24.7k
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £582k), from the Companies House accounts bulk data published Sep 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.