How much does Spendesk Limited make?

Spendesk Limited reported revenue of £13.9m and £370k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Spendesk Limited have?

Spendesk Limited reported an average of 97 employees in the year to 31 Dec 2024.

Is Spendesk Limited profitable?

Yes — Spendesk Limited reported a profit of £370k in the year to 31 Dec 2024.

Company No. 12263851 · Incorporated 15 Oct 2019

Spendesk Limited

Registered name: SPENDESK LIMITED

Spendesk Limited made £13.9m revenue and £370k profit in the year to 31 Dec 2024.

Spendesk Limited’s revenue fell 3% to £13.9m in the year to 31 Dec 2024, with £370k profit and 97 employees. The company is classified under “other software publishing” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58290Other software publishing

Status: Active
Location: London, London
Age: 7 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightYoung and profitableCash flow filed

Revenue

£13.9m

Growth ▼3.3%

Profit

£370k

Growth ▲70.3%

Profit margin

2.7%

Employees

Change ▼25.9%

Profit / employee

£3.8k

Revenue/employee £144k

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 to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.5m	£14.4m	£13.9m
Operating profit	£668k	£290k	£602k
Profit before tax	£633k	£275k	£503k
Profit after tax	£520k	£217k	£370k
Profit (best available)	£520k	£217k	£370k
Staff costs	£7.4m	£12.4m	—
Employees (average)	79	131	97
Ratios
Profit margin	5.5%	1.5%	2.7%
Revenue per employee	£120k	£110k	£144k
Profit per employee	£6.6k	£1.7k	£3.8k
Cash conversion	−136.4%	3491%	—
Growth (year on year)
Revenue growth	—	▲52%	▼3.3%
Profit growth	—	▼58.1%	▲70.3%
Headcount growth	—	▲65.8%	▼25.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£13.4m	£3.1m	—
Net assets	£709k	£927k	—
Fixed assets	£94.9k	£101k	—
Current assets	£25.7m	£3.5m	—
Debtors	£2.4m	£0	—
Deferred income	£537k	£586k	—
Cash from operations	−£911k	£10.1m	—
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	Accounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 2.7%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £144k; Revenue ÷ average employees.
Profit per employee: £3.8k; 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: ▼26%; Now 97
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit £370k), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.

Updated from Companies House on 24 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.