Kainos Evolve Limited
Registered name: KAINOS EVOLVE LIMITED
Part of Kainos Group PLC groupKainos Evolve Limited made £6.2m revenue and £1.2m profit in the year to 31 Mar 2025.
Kainos Evolve Limited’s revenue fell 13% to £6.2m in the year to 31 Mar 2025, with £1.2m profit and 33 employees. The company is classified under “other information technology service activities” and is based in Belfast; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Belfast
- Age
- 12 yrs · since 2014
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £5.5m | £7.2m | £6.2m |
| Cost of sales | −£4.8m | −£5.1m | −£4.7m |
| Gross profit | £719k | £2.1m | £1.5m |
| Operating profit | £1.4m | £1.5m | £1.4m |
| Profit before tax | £1.4m | £1.6m | £1.6m |
| Profit after tax | £1.1m | £1.2m | £1.2m |
| Profit (best available) | £1.1m | £1.2m | £1.2m |
| Employees (average) | 34 | 34 | 33 |
| Ratios | |||
| Profit margin | 20.6% | 17% | 19.7% |
| Gross margin | 13.1% | 29.5% | 24.7% |
| Revenue per employee | £161k | £211k | £189k |
| Profit per employee | £33.2k | £35.9k | £37.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▲31.1% | ▼13.4% |
| Profit growth | — | ▲8.2% | ▲0.5% |
| Headcount growth | — | 0% | ▼2.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Nov 2024 | Accounts · bulk data Nov 2024 | Accounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 19.7%
- Profit ÷ revenue.
- Gross margin
- 24.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £189k
- Revenue ÷ average employees.
- Profit per employee
- £37.2k
- 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.
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
- ▼3%
- Now 33
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Kainos Group PLCultimate parent75–100%
- Kainos Software Limited75–100%
- Kainos Evolve Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Bankmore Investments LimitedFigures not disclosed
- Kainos Products LimitedFigures not disclosed
- Kainos Trustees LimitedFigures not disclosed
- Kainos Worksmart LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit £1.2m), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.