BW Sipp LLP
Registered name: BW SIPP LLP
Part of Barnett Waddingham LLP groupBW Sipp LLP made £6.8m revenue and a £400k loss in the year to 31 Dec 2025.
BW Sipp LLP’s revenue was £6.8m in the year to 31 Dec 2025, with a loss of £400k. The company is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 20 yrs · since 2006
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2024 | 31 May 2025 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £9.3m | £10.4m | £6.8m |
| Operating profit | −£1.6m | −£1.4m | −£1.4m |
| Profit before tax | £614k | £602k | −£400k |
| Profit after tax | £614k | £602k | −£400k |
| Profit (best available) | £614k | £602k | −£400k |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 6.6% | 5.8% | −5.9% |
| Growth (year on year) | |||
| Revenue growth | — | ▲11.6% | — |
| Profit growth | — | ▼2% | — |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- −5.9%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Barnett Waddingham LLPultimate parent75–100%
- BW Sipp LLPthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (10)
- Barnett Waddingham Actuaries and Consultants LimitedFigures not disclosed
- Barnett Waddingham Capital Trustees LimitedFigures not disclosed
- Barnett Waddingham Trustees (1984) LimitedFigures not disclosed
- Barnett Waddingham Trustees (1992) LimitedFigures not disclosed
- Barnett Waddingham Trustees LimitedFigures not disclosed
- BW Sipp Trustees LimitedFigures not disclosed
- BW Trustees (Cheltenham) LimitedFigures not disclosed
- Pensioneer Trustees (Leeds) LimitedFigures not disclosed
- Pensioneer Trustees (London) LimitedFigures not disclosed
- Pensioneer Trustees LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£400k), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.
Updated from Companies House on 13 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.