Icw Group Holdings Ltd
Registered name: ICW GROUP HOLDINGS LTD
Icw Group Holdings Ltd made £44.7m revenue and £5.3m profit in the year to 30 Sep 2025.
Icw Group Holdings Ltd’s revenue grew 2% to £44.7m in the year to 30 Sep 2025, with £5.3m profit and 148 employees. The company is classified under “activities of head offices” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £39.4m | £44m | £44.7m |
| Cost of sales | −£28.4m | −£31.5m | −£30m |
| Gross profit | £11m | £12.5m | £14.7m |
| Operating profit | £3.7m | £5.1m | £6.9m |
| Profit before tax | £3.7m | £5.1m | £6.9m |
| Profit after tax | £2.8m | £3.5m | £5.3m |
| Profit (best available) | £2.8m | £3.5m | £5.3m |
| Employees (average) | 137 | 164 | 148 |
| Ratios | |||
| Profit margin | 7.2% | 7.9% | 11.8% |
| Gross margin | 27.9% | 28.4% | 32.9% |
| Revenue per employee | £288k | £268k | £302k |
| Profit per employee | £20.7k | £21.2k | £35.6k |
| Growth (year on year) | |||
| Revenue growth | — | ▲11.6% | ▲1.7% |
| Profit growth | — | ▲22.6% | ▲51.4% |
| Headcount growth | — | ▲19.7% | ▼9.8% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 11.8%
- Profit ÷ revenue.
- Gross margin
- 32.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £302k
- Revenue ÷ average employees.
- Profit per employee
- £35.6k
- 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
- ▼10%
- Now 148
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (4)
- Icw Insurance Services LtdRev. £30.7m · Profit £2.6m
- Icw Technical Services LtdRev. £14.4m · Profit £3.6m
- Mandon Software LimitedRev. £437k · Profit −£391k
- Icw Building Control LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Sep 2025 (profit £5.3m), from the Companies House accounts bulk data published Jul 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.