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Company No. 03279013 · Incorporated 15 Nov 1996

Plusnet PLC

Registered name: PLUSNET PLC

Part of BT Group PLC group

Plusnet PLC made £337m revenue and £67.3m profit in the year to 31 Mar 2026.

Plusnet PLC’s revenue fell 2% to £337m in the year to 31 Mar 2026, with £67.3m profit and 687 employees. The company is classified under “other information technology service activities” and is based in Sheffield; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities
Status
Active
Location
Sheffield, Yorkshire and The Humber
Age
29 yrs · since 1996
Type
Public 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 Mar 2026

Key figures

Revenue
£337m
Growth ▼1.6%
Profit
£67.3m
Growth ▼3.1%
Profit margin
20%
Gross 33.2%
Employees
687
Change ▼27.2%
Profit / employee
£97.9k
Revenue/employee £490k
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 to31 Mar 202431 Mar 202531 Mar 2026
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£402m£342m£337m
Cost of sales−£239m−£221m−£225m
Gross profit£162m£122m£112m
Operating profit£71.9m£61.8m£62.5m
Profit before tax£82.3m£70.9m£69.2m
Profit after tax£80.7m£69.4m£67.3m
Profit (best available)£80.7m£69.4m£67.3m
Employees (average)1,077944687
Ratios
Profit margin20.1%20.3%20%
Gross margin40.4%35.6%33.2%
Revenue per employee£373k£363k£490k
Profit per employee£74.9k£73.5k£97.9k
Growth (year on year)
Revenue growth—▼14.8%▼1.6%
Profit growth—▼14%▼3.1%
Headcount growth—▼12.3%▼27.2%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Aug 2025Accounts · bulk data Aug 2025Accounts · bulk data Oct 2026
Derived from the latest filing

How the business works

Profit margin
20%
Profit ÷ revenue.
Gross margin
33.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£490k
Revenue ÷ average employees.
Profit per employee
£97.9k
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.
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 —
Cash at bank
—
Now —
Headcount
▼27%
Now 687
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. BT Group PLCultimate parent75–100%
  2. BT Group Investments Limited75–100%
  3. British Telecommunications Limited75–100%
  4. Plusnet PLCthis company

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

Sister companies (28)

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 accounts for the year to 31 Mar 2026 (profit £67.3m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.