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Company No. 15532524 · Incorporated 29 Feb 2024

WN Corporate Limited

Registered name: WN CORPORATE LIMITED

Part of Macquarie Principal Finance UK Limited group

WN Corporate Limited made £279m revenue and a £137m loss in the year to 31 Mar 2025.

WN Corporate Limited’s revenue was £279m in the year to 31 Mar 2025, with a loss of £137m and 1,945 employees. The company is classified under “activities of other holding companies” and is based in Solihull.

Status
Active
Location
Solihull
Age
2 yrs · since 2024
Type
Private Limited Company
Latest accounts · year to 31 Mar 2025

Key figures

Revenue
£279m
Growth —
Profit
−£137m
Growth —
Profit margin
−49.3%
Gross 53.6%
Employees
1,945
Change —
Profit / employee
−£70.6k
Revenue/employee £143k
Profitable streak
0yrs
Consecutive profitable years in our data
1 filed year

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 2025
DisclosureFull P&L
Profit & loss
Revenue (turnover)£279m
Cost of sales−£129m
Gross profit£150m
Operating profit−£94.4m
Profit before tax−£143m
Profit after tax−£137m
Profit (best available)−£137m
Employees (average)1,945
Ratios
Profit margin−49.3%
Gross margin53.6%
Revenue per employee£143k
Profit per employee−£70.6k
Balance sheet — indirect signals, not revenue
Net assets—
SourceAccounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
−49.3%
Profit ÷ revenue.
Gross margin
53.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£143k
Revenue ÷ average employees.
Profit per employee
−£70.6k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
—
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
—
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 —
Cash at bank
—
Now —
Headcount
—
Now 1,945
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Macquarie Principal Finance UK Limitedultimate parent75–100%
  2. MPRC Europe Limited75–100%
  3. Thetis Topco Limited75–100%
  4. WN Corporate Limitedthis company

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

Subsidiaries (1)

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

Sources

Latest figures from accounts for the year to 31 Mar 2025 (profit −£137m), from the Companies House accounts bulk data published Dec 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.