How much does Axis Well Technology Management Limited make?

Axis Well Technology Management Limited reported revenue of £1.2m and a loss of £14.2m in the year to 31 Jan 2023, according to its accounts filed at Companies House.

How many employees does Axis Well Technology Management Limited have?

Axis Well Technology Management Limited reported an average of 7 employees in the year to 31 Jan 2023.

Is Axis Well Technology Management Limited profitable?

No — Axis Well Technology Management Limited reported a loss of £14.2m in the year to 31 Jan 2023.

Company No. 08354912 · Incorporated 10 Jan 2013

Axis Well Technology Management Limited

Registered name: AXIS WELL TECHNOLOGY MANAGEMENT LIMITED

Part of RSK Group Limited group

Axis Well Technology Management Limited made £1.2m revenue and a £14.2m loss in the year to 31 Jan 2023.

Axis Well Technology Management Limited’s revenue grew 34% to £1.2m in the year to 31 Jan 2023, with a loss of £14.2m and 7 employees. The company is classified under “other professional, scientific and technical activities” and is based in Helsby; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Helsby, North West
Age: 13 yrs · since 2013
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: “Axis Well Technology Group Limited”

Latest accounts · year to 31 Jan 2023

Key figures

Small team

Revenue

£1.2m

Growth ▲34.4%

Profit

−£14.2m

Growth —

Profit margin

−1196%

Gross 100%

Employees

Change 0%

Profit / employee

−£2m

Revenue/employee £169k

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 Jan 2022	31 Jan 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£883k	£1.2m
Gross profit	£883k	£1.2m
Operating profit	£9.8k	−£10.6m
Profit before tax	−£3.6m	−£14.2m
Profit after tax	−£3.8m	−£14.2m
Profit (best available)	−£3.8m	−£14.2m
Staff costs	£842k	£1.1m
Employees (average)	7	7
Ratios
Profit margin	−425.1%	−1196%
Gross margin	100%	100%
Revenue per employee	£126k	£169k
Profit per employee	−£536k	−£2m
Growth (year on year)
Revenue growth	—	▲34.4%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£8.5k	£21.5k
Net assets	£26m	£15.4m
Fixed assets	£40.9m	£30.4m
Current assets	£620k	£683k
Debtors	£612k	£662k
Deferred income	£12.4m	£14.2m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: −1196%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £169k; Revenue ÷ average employees.
Profit per employee: −£2m; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2563%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1195%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 55.8%; 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: ▼41%; Now £15.4m
Cash at bank: ▲152%; Now £21.5k
Headcount: 0%; Now 7
Deferred income: ▲14%; Now £14.2m
Fixed assets: ▼26%; Now £30.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

RSK Group Limitedultimate parent75–100%
RSK Environment Limited75–100%
Axis Well Technology Group Limited75–100%
Axis Well Technology Management Limitedthis company

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

Subsidiaries (1)

Axis Well Technology LimitedRev. £19.2m · Profit £1.7m

Sister companies (1)

Axis Well Technology International LimitedRev. — · Profit −£2.8k

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Jan 2023 (profit −£14.2m), from the Companies House accounts bulk data published Oct 2023. 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.