Codebase Ltd
Registered name: CODEBASE LTD
Part of Codebase Group Limited groupCodebase Ltd made £11.7m revenue and £1.7m profit in the year to 31 Mar 2025.
Codebase Ltd’s revenue grew 154% to £11.7m in the year to 31 Mar 2025, with £1.7m profit and 96 employees. The company is classified under “other letting and operating of own or leased real estate” and is based in Edinburgh; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Edinburgh, Scotland
- Age
- 13 yrs · since 2012
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £4.6m | £11.7m |
| Operating profit | — | — | £356k | £1.1m |
| Profit before tax | — | — | £363k | £1.1m |
| Profit after tax | — | — | £269k | £1.7m |
| Profit (best available) | — | — | £269k | £1.7m |
| Employees (average) | 25 | 68 | 93 | 96 |
| Ratios | ||||
| Profit margin | — | — | 5.8% | 14.9% |
| Revenue per employee | — | — | £49.6k | £122k |
| Profit per employee | — | — | £2.9k | £18.2k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲154% |
| Profit growth | — | — | — | ▲547.9% |
| Headcount growth | — | ▲172% | — | ▲3.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £845k | £2.1m | £2.7m | £2.2m |
| Net assets | £598k | £1.4m | £1.7m | £1.7m |
| Fixed assets | £319k | £656k | £523k | £249k |
| Current assets | £2.2m | £4.6m | — | — |
| Debtors | £169k | £342k | £1.3m | £2m |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 14.9%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £122k
- Revenue ÷ average employees.
- Profit per employee
- £18.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.2%
- 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
- ▲3%
- Now £1.7m
- Cash at bank
- ▼18%
- Now £2.2m
- Headcount
- ▲3%
- Now 96
- Deferred income
- —
- Now —
- Fixed assets
- ▼52%
- Now £249k
Group structure
Ownership chain
- Codebase Group Limitedultimate parent75–100%
- Codebase Ltdthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £1.7m), 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.