Kainos Worksmart Limited
Registered name: KAINOS WORKSMART LIMITED
Part of Kainos Group PLC groupKainos Worksmart Limited made £45.3m revenue and £29.8m profit in the year to 31 Mar 2025.
Kainos Worksmart Limited’s revenue fell 24% to £45.3m in the year to 31 Mar 2025, with £29.8m profit and 522 employees. The company is classified under “other information technology service activities” and is based in Belfast; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Belfast
- Age
- 12 yrs · since 2014
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £67.4m | £59.7m | £45.3m |
| Cost of sales | −£31.2m | −£25.4m | −£34.3m |
| Gross profit | £36.2m | £34.3m | £11m |
| Operating profit | £17.1m | £31.6m | £27.2m |
| Profit before tax | £17.4m | £32.6m | £36.9m |
| Profit after tax | £14.1m | £24.4m | £29.8m |
| Profit (best available) | £14.1m | £24.4m | £29.8m |
| Employees (average) | 467 | 511 | 522 |
| Ratios | |||
| Profit margin | 20.9% | 40.9% | 65.7% |
| Gross margin | 53.7% | 57.4% | 24.3% |
| Revenue per employee | £144k | £117k | £86.9k |
| Profit per employee | £30.2k | £47.8k | £57.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▼11.5% | ▼24% |
| Profit growth | — | ▲73.3% | ▲22% |
| Headcount growth | — | ▲9.4% | ▲2.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Nov 2024 | Accounts · bulk data Nov 2024 | Accounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 65.7%
- Profit ÷ revenue.
- Gross margin
- 24.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £86.9k
- Revenue ÷ average employees.
- Profit per employee
- £57.1k
- 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
- ▲2%
- Now 522
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Kainos Group PLCultimate parent75–100%
- Kainos Software Limited75–100%
- Kainos Worksmart Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Formulate Kainos LimitedFigures not disclosed
Sister companies (4)
- Bankmore Investments LimitedFigures not disclosed
- Kainos Evolve LimitedFigures not disclosed
- Kainos Products LimitedFigures not disclosed
- Kainos Trustees LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit £29.8m), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026