Qa Limited
Registered name: QA LIMITED
Part of Ichnaea UK Bidco Limited groupQa Limited made £188m revenue and a £18.1m loss in the year to 31 May 2025.
Qa Limited’s revenue fell 2% to £188m in the year to 31 May 2025, with a loss of £18.1m and 1,509 employees. The company is classified under “other education” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 37 yrs · since 1989
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £190m | £192m | £188m |
| Cost of sales | −£80.5m | −£80.6m | −£80.8m |
| Gross profit | £110m | £111m | £107m |
| Operating profit | £18.2m | £7.8m | −£35.6m |
| Profit before tax | £28m | £19.6m | −£16.4m |
| Profit after tax | £24.3m | £14.6m | −£18.1m |
| Profit (best available) | £24.3m | £14.6m | −£18.1m |
| Employees (average) | 1,456 | 1,577 | 1,509 |
| Ratios | |||
| Profit margin | 12.8% | 7.6% | −9.6% |
| Gross margin | 57.7% | 57.9% | 57% |
| Revenue per employee | £131k | £121k | £125k |
| Profit per employee | £16.7k | £9.3k | −£12k |
| Growth (year on year) | |||
| Revenue growth | — | ▲0.6% | ▼1.8% |
| Profit growth | — | ▼39.9% | ▼224% |
| Headcount growth | — | ▲8.3% | ▼4.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data May 2025 | Accounts · bulk data May 2025 | Accounts · bulk data Feb 2026 |
How the business works
- Profit margin
- −9.6%
- Profit ÷ revenue.
- Gross margin
- 57%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £125k
- Revenue ÷ average employees.
- Profit per employee
- −£12k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼4%
- Now 1,509
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Ichnaea UK Bidco Limitedultimate parent75–100%
- Seckloe 208 Limited75–100%
- Qa Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (4)
- Circus Street London LimitedFigures not disclosed
- Focus Project Management (Europe) LimitedFigures not disclosed
- Qa Consulting Services LimitedFigures not disclosed
- Qa Talent LimitedFigures not disclosed
Sister companies (2)
- Qa Gateway LimitedFigures not disclosed
- Qahe Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 May 2025 (profit −£18.1m), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.