Codec Solutions UK Limited
Registered name: CODEC SOLUTIONS UK LIMITED
Codec Solutions UK Limited made £2.7m revenue and £157k profit in the year to 31 Jul 2025.
Codec Solutions UK Limited’s revenue fell 51% to £2.7m in the year to 31 Jul 2025, with £157k profit and 29 employees. The company is classified under “other professional, scientific and technical activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 3 yrs · since 2022
- 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: “Codec Systems Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 20 Dec 2022 | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Profit only | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £5.5m | £2.7m |
| Cost of sales | — | — | £2.2m | £2.7m |
| Gross profit | — | — | £3.3m | £52.5k |
| Operating profit | — | — | £264k | £291k |
| Profit before tax | — | — | £278k | £296k |
| Profit after tax | — | £10.8k | £278k | £157k |
| Profit (best available) | — | £10.8k | £278k | £157k |
| Employees (average) | 0 | 0 | 23 | 29 |
| Ratios | ||||
| Profit margin | — | — | 5% | 5.8% |
| Gross margin | — | — | 60.4% | 1.9% |
| Revenue per employee | — | — | £240k | £94k |
| Profit per employee | — | — | £12.1k | £5.4k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼50.6% |
| Profit growth | — | — | — | ▼43.5% |
| Headcount growth | — | — | — | ▲26.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | £1.3k | £1.3m | £71.2k |
| Net assets | — | £116k | £394k | £552k |
| Fixed assets | — | £111k | £109k | £108k |
| Current assets | — | £1.1m | £2.1m | £1.2m |
| Debtors | — | £1m | £552k | £672k |
| Deferred income | — | £0 | £136k | £327k |
| Source | Accounts · bulk data Apr 2024 | Accounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 5.8%
- Profit ÷ revenue.
- Gross margin
- 1.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £94k
- Revenue ÷ average employees.
- Profit per employee
- £5.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 12%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 24.6%
- 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
- ▲40%
- Now £552k
- Cash at bank
- ▼95%
- Now £71.2k
- Headcount
- ▲26%
- Now 29
- Deferred income
- ▲141%
- Now £327k
- Fixed assets
- ▼1%
- Now £108k
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)
- Codec-DSS LtdRev. £2.9m · Profit £59.1k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £157k), from the Companies House accounts bulk data published Apr 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.