Wipro Connected Services UK Limited
Registered name: WIPRO CONNECTED SERVICES UK LIMITED
Part of Wipro Limited groupWipro Connected Services UK Limited made £24.1m revenue and £1.4m profit in the year to 31 Mar 2026. read from filing text
Wipro Connected Services UK Limited’s revenue was £24.1m in the year to 31 Mar 2026, with £1.4m profit and 19 employees. The company is classified under “information technology consultancy activities” and is based in Reading; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Reading, South East
- Age
- 18 yrs · since 2008
- 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: “The Company is a subsidiary undertaking of”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Mar 2026 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £10m | £12.3m | £15.2m | £24.1m |
| Cost of sales | £10.5m | £12.7m | £14.1m | £19.8m |
| Gross profit | −£498k | −£364k | £1.1m | £4.2m |
| Operating profit | −£691k | −£422k | £560k | £1.6m |
| Profit before tax | −£659k | −£76.7k | £955k | £1.9m |
| Profit after tax | −£706k | −£76.7k | £879k | £1.4m |
| Profit (best available) | −£706k | −£76.7k | £879k | £1.4m |
| Staff costs | £592k | £901k | £1.5m | £3m |
| Employees (average) | 9 | 9 | 16 | 19 |
| Ratios | ||||
| Profit margin | −7% | −0.6% | 5.8% | 5.8% |
| Gross margin | −5% | −3% | 7% | 17.6% |
| Revenue per employee | £1.1m | £1.4m | £951k | £1.3m |
| Profit per employee | −£78.4k | −£8.5k | £54.9k | £73.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲22.9% | ▲23.6% | — |
| Headcount growth | — | 0% | ▲77.8% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | £0 | £19 | £1.4m |
| Net assets | £7.6m | £7.5m | £8.4m | £1.3m |
| Fixed assets | — | — | £0 | £347 |
| Current assets | £10.9m | £11.3m | £12.3m | £6.7m |
| Debtors | £1.2m | £1.1m | £2.2m | £3.3m |
| Deferred income | £532k | £1.2m | £1.1m | £533k |
| Source | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 5.8%
- Profit ÷ revenue.
- Gross margin
- 17.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.3m
- Revenue ÷ average employees.
- Profit per employee
- £73.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.6%
- 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 £1.3m
- Cash at bank
- —
- Now £1.4m
- Headcount
- —
- Now 19
- Deferred income
- —
- Now £533k
- Fixed assets
- —
- Now £347
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Wipro Limited (registered outside the UK register)ultimate parent75–100%
- Wipro Connected Services UK Limitedthis 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 2026 (profit £1.4m), from the Companies House accounts bulk data published Jun 2026. 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.