How much does Welltel (UK) Limited make?

Welltel (UK) Limited reported revenue of £455k and a loss of £581k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Welltel (UK) Limited have?

Welltel (UK) Limited reported an average of 14 employees in the year to 31 Dec 2024.

Is Welltel (UK) Limited profitable?

No — Welltel (UK) Limited reported a loss of £581k in the year to 31 Dec 2024.

Company No. NI666237 · Incorporated 2 Dec 2019

Welltel (UK) Limited

Registered name: WELLTEL (UK) LIMITED

Welltel (UK) Limited made £455k revenue and a £581k loss in the year to 31 Dec 2024.

Welltel (UK) Limited’s revenue fell 19% to £455k in the year to 31 Dec 2024, with a loss of £581k and 14 employees. The company is classified under “other telecommunications activities” and is based in Belfast; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61900Other telecommunications activities

Status: Active
Location: Belfast, Northern Ireland
Age: 6 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

Independent

Revenue

£455k

Growth ▼18.7%

Profit

−£581k

Growth —

Profit margin

−127.7%

Gross 50.3%

Employees

Change ▼12.5%

Profit / employee

−£41.5k

Revenue/employee £32.5k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£563k	£386k	£560k	£455k
Cost of sales	£0	£162k	£156k	£226k
Gross profit	£563k	£224k	£404k	£229k
Operating profit	£28k	−£906k	−£585k	−£583k
Profit before tax	£28k	−£911k	−£590k	−£581k
Profit after tax	£23k	−£921k	−£588k	−£581k
Profit (best available)	£23k	−£921k	−£588k	−£581k
Employees (average)	16	17	16	14
Ratios
Profit margin	4.1%	−238.6%	−105.1%	−127.7%
Gross margin	100%	58%	72.1%	50.3%
Revenue per employee	£35.2k	£22.7k	£35k	£32.5k
Profit per employee	£1.4k	−£54.2k	−£36.8k	−£41.5k
Growth (year on year)
Revenue growth	—	▼31.4%	▲45%	▼18.7%
Profit growth	—	▼4104%	—	—
Headcount growth	—	▲6.3%	▼5.9%	▼12.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£19k	£147k	£297k	—
Net assets	£29k	−£892k	−£1.5m	−£2.1m
Fixed assets	£0	£229k	£626k	£867k
Current assets	£532k	£831k	£850k	£598k
Debtors	£4k	£77k	£156k	£14k
Deferred income	£0	£146k	£101k	£104k
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: −127.7%; Profit ÷ revenue.
Gross margin: 50.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £32.5k; Revenue ÷ average employees.
Profit per employee: −£41.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 190.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 22.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.1%; 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 −£2.1m
Cash at bank: —; Now —
Headcount: ▼13%; Now 14
Deferred income: ▲3%; Now £104k
Fixed assets: ▲39%; Now £867k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£581k), 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.