How much does Opinew Limited make?

Opinew Limited reported revenue of £627k and a loss of £117k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Opinew Limited have?

Opinew Limited reported an average of 3 employees in the year to 31 Dec 2023.

Is Opinew Limited profitable?

No — Opinew Limited reported a loss of £117k in the year to 31 Dec 2023.

Company No. SC515918 · Incorporated 18 Sep 2015

Opinew Limited

Registered name: OPINEW LIMITED

Part of Shop Circle Ltd group

Opinew Limited made £627k revenue and a £117k loss in the year to 31 Dec 2023.

Opinew Limited’s revenue was £627k in the year to 31 Dec 2023, with a loss of £117k and 3 employees. The company is classified under “business and domestic software development” and is based in Edinburgh; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: Edinburgh, Scotland
Age: 11 yrs · since 2015
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.

Latest accounts · year to 31 Dec 2023

Key figures

Small teamCapital-light

Revenue

£627k

Growth —

Profit

−£117k

Growth —

Profit margin

−18.6%

Gross 58.4%

Employees

Change —

Profit / employee

−£38.9k

Revenue/employee £209k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£602k	£627k
Cost of sales	£507k	£261k
Gross profit	£94.9k	£366k
Operating profit	−£201k	−£116k
Profit before tax	−£202k	−£117k
Profit after tax	−£202k	−£117k
Profit (best available)	−£202k	−£117k
Employees (average)	3	3
Ratios
Profit margin	−33.6%	−18.6%
Gross margin	15.8%	58.4%
Revenue per employee	£201k	£209k
Profit per employee	−£67.4k	−£38.9k
Balance sheet — indirect signals, not revenue
Cash at bank	£56.4k	£132k
Net assets	−£146k	−£263k
Fixed assets	£101k	£40.4k
Current assets	£91k	£263k
Debtors	£20.5k	£24.2k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −18.6%; Profit ÷ revenue.
Gross margin: 58.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £209k; Revenue ÷ average employees.
Profit per employee: −£38.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.9%; 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 −£263k
Cash at bank: —; Now £132k
Headcount: —; Now 3
Deferred income: —; Now —
Fixed assets: —; Now £40.4k

Corporate ownership

Group structure

Ownership chain

Shop Circle Ltdultimate parent75–100%
Shop Circle Holdings Ltd75–100%
Opinew Limitedthis company

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

Sister companies (2)

Fiftypoint6 Group LimitedFigures not disclosed
Philalex Technologies LtdFigures not disclosed

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£117k), from the Companies House accounts bulk data published Sep 2024. 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.