How much does Axis Well Technology Limited make?

Axis Well Technology Limited reported revenue of £24.5m and £3.8m profit in the year to 31 Jan 2023, according to its accounts filed at Companies House.

How many employees does Axis Well Technology Limited have?

Axis Well Technology Limited reported an average of 104 employees in the year to 31 Jan 2023.

Is Axis Well Technology Limited profitable?

Yes — Axis Well Technology Limited reported a profit of £3.8m in the year to 31 Jan 2023.

Company No. SC217030 · Incorporated 20 Mar 2001

Axis Well Technology Limited

Registered name: AXIS WELL TECHNOLOGY LIMITED

Part of Ares Management Corporation group

Axis Well Technology Limited made £24.5m revenue and £3.8m profit in the year to 31 Jan 2023.

Axis Well Technology Limited’s revenue grew 22% to £24.5m in the year to 31 Jan 2023, with £3.8m profit and 104 employees. The company is classified under “other professional, scientific and technical activities” and is based in Glasgow; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Glasgow, Scotland
Age: 25 yrs · since 2001
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: “Axis Well Technology Management Limited”

Latest accounts · year to 31 Jan 2023

Key figures

Capital-lightOperating leverage

Revenue

£24.5m

Growth ▲22.1%

Profit

£3.8m

Growth ▲56.3%

Profit margin

15.6%

Gross 31%

Employees

104

Change ▲16.9%

Profit / employee

£36.6k

Revenue/employee £235k

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jan 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£20m	£24.5m
Cost of sales	£14.6m	£16.9m
Gross profit	£5.5m	£7.6m
Operating profit	£3m	£4.5m
Profit before tax	£3m	£4.5m
Profit after tax	£2.4m	£3.8m
Profit (best available)	£2.4m	£3.8m
Staff costs	£8.2m	£9.9m
Employees (average)	89	104
Ratios
Profit margin	12.2%	15.6%
Gross margin	27.3%	31%
Revenue per employee	£225k	£235k
Profit per employee	£27.4k	£36.6k
Growth (year on year)
Revenue growth	—	▲22.1%
Profit growth	—	▲56.3%
Headcount growth	—	▲16.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£7m	£11m
Net assets	£25.1m	£28.9m
Fixed assets	£73.3k	£95.7k
Current assets	£27.6m	£31.7m
Debtors	£3.6m	£3.7m
Deferred income	£1.3m	£1.6m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 15.6%; Profit ÷ revenue.
Gross margin: 31%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £235k; Revenue ÷ average employees.
Profit per employee: £36.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15%; 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: ▲15%; Now £28.9m
Cash at bank: ▲57%; Now £11m
Headcount: ▲17%; Now 104
Deferred income: ▲25%; Now £1.6m
Fixed assets: ▲31%; Now £95.7k

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

Corporate ownership

Group structure

Ownership chain

Ares Management Corporation (registered outside the UK register)ultimate parent75–100%
Ares Management Limited75–100%
Axis Well Technology Limitedthis company

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

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Jan 2023 (profit £3.8m), from the Companies House accounts bulk data published Oct 2023. 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.