Harwood Capital LLP
Registered name: HARWOOD CAPITAL LLP
Part of Harwood Capital Management Limited groupHarwood Capital LLP made £1.6m revenue and £770k profit in the year to 31 Mar 2025.
Harwood Capital LLP’s revenue grew 22% to £1.6m in the year to 31 Mar 2025, with £770k profit and 4 employees. The company is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 23 yrs · since 2003
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £11.1m | £9.6m | £1.3m | £1.6m |
| Gross profit | £11.1m | £9.6m | £1.3m | £1.6m |
| Operating profit | £7.9m | £6.7m | £517k | £1.1m |
| Profit before tax | £7.9m | £6.8m | £682k | £1.3m |
| Profit after tax | £7.4m | £6.4m | £17.6k | £770k |
| Profit (best available) | £7.4m | £6.4m | £17.6k | £770k |
| Staff costs | £1.4m | £629k | £0 | — |
| Employees (average) | 15 | 9 | 0 | 4 |
| Ratios | ||||
| Profit margin | 66.4% | 66.1% | 1.4% | 48% |
| Gross margin | 100% | 100% | 100% | 100% |
| Revenue per employee | £738k | £1.1m | — | £401k |
| Profit per employee | £490k | £707k | — | £192k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼13.1% | ▼86.4% | ▲22.3% |
| Profit growth | — | ▼13.5% | ▼99.7% | ▲4264% |
| Headcount growth | — | ▼40% | ▼100% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.5m | £626k | £1.5m | £848k |
| Net assets | £2.8m | £2.4m | £2.6m | £1.4m |
| Fixed assets | £102 | £101 | £101 | £101 |
| Current assets | £3.9m | £3.3m | £3m | £1.8m |
| Debtors | £2m | £1.2m | £362k | £300k |
| Deferred income | £964k | £189k | £248k | £221k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 48%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £401k
- Revenue ÷ average employees.
- Profit per employee
- £192k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 13.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 18.7%
- 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
- ▼44%
- Now £1.4m
- Cash at bank
- ▼42%
- Now £848k
- Headcount
- —
- Now 4
- Deferred income
- ▼11%
- Now £221k
- Fixed assets
- 0%
- Now £101
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Harwood Capital Management Limitedultimate parent75–100%
- Harwood Capital LLPthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Harwood Capital Nominees LimitedFigures not disclosed
- North Atlantic Value GP III LimitedFigures not disclosed
Sister companies (5)
- North Atlantic Investment Services LimitedRev. £4.5m · Profit £3.2m
- Harwood Private Equity LLPRev. £4.4m · Profit £3.2m
- Growth Financial Services LimitedFigures not disclosed
- Harwood Holdco LimitedFigures not disclosed
- Optess LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £770k), 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.