How much does Bitwise Limited make?

Bitwise Limited reported revenue of £7.2m and £1.2m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Bitwise Limited have?

Bitwise Limited reported an average of 4 employees in the year to 31 Dec 2024.

Is Bitwise Limited profitable?

Yes — Bitwise Limited reported a profit of £1.2m in the year to 31 Dec 2024.

Company No. SC107588 · Incorporated 13 Nov 1987

Bitwise Limited

Registered name: BITWISE LIMITED

Bitwise Limited made £7.2m revenue and £1.2m profit in the year to 31 Dec 2024. read from filing text

Bitwise Limited’s revenue grew 7% to £7.2m in the year to 31 Dec 2024, with £1.2m profit and 4 employees. The company is classified under “information technology consultancy activities” and is based in Fife; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: Fife, Scotland
Age: 38 yrs · since 1987
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: “The ultimate controlling party is Peter Craig McWhirter.”

Latest accounts · year to 31 Dec 2024

Key figures

Small teamDoing more with lessCash flow filed

Revenue

£7.2m

Growth ▲6.9%

Profit

£1.2m

Growth ▼4.5%

Profit margin

16.3%

Gross 46.8%

Employees

Change ▼94.7%

Profit / employee

£295k

Revenue/employee £1.8m

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£7.5m	£6.8m	£7.2m
Cost of sales	£3.8m	£3.4m	£3.8m
Gross profit	£3.7m	£3.3m	£3.4m
Operating profit	£2.4m	£1.6m	£1.5m
Profit before tax	£2.4m	£1.6m	£1.6m
Profit after tax	£1.9m	£1.2m	£1.2m
Profit (best available)	£1.9m	£1.2m	£1.2m
Staff costs	£4.6m	£4.5m	£5m
Employees (average)	78	75	4
Ratios
Profit margin	25.8%	18.3%	16.3%
Gross margin	49.4%	49.3%	46.8%
Revenue per employee	£95.6k	£90.3k	£1.8m
Profit per employee	£24.7k	£16.5k	£295k
Cash conversion	−111.4%	−123%	−130.4%
Growth (year on year)
Revenue growth	—	▼9.2%	▲6.9%
Profit growth	—	▼35.7%	▼4.5%
Headcount growth	—	▼3.9%	▼94.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.9m	£2.1m	£1.7m
Net assets	£4.9m	£4.9m	£4.2m
Fixed assets	£2.4m	£2.4m	£2.3m
Current assets	£3.2m	£3.2m	£2.8m
Debtors	£1.2m	£917k	£814k
Deferred income	£128k	£217k	£236k
Cash from operations	−£2.6m	−£2m	−£2m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 16.3%; Profit ÷ revenue.
Gross margin: 46.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.8m; Revenue ÷ average employees.
Profit per employee: £295k; Profit ÷ average employees.
Cash conversion: −130.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 31.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.3%; 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: ▼13%; Now £4.2m
Cash at bank: ▼17%; Now £1.7m
Headcount: ▼95%; Now 4
Deferred income: ▲9%; Now £236k
Fixed assets: ▼7%; Now £2.3m

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 £1.2m), from the Companies House accounts bulk data published Jul 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.