American Well Corporation UK Limited
The principal activity of the company is that of software design and development to provide digital therapeutic solutions via tailored clinical programs that are hosted on a Software as a Service platform.In August 2021, American Well Corporation (“Amwell”) completed the acquisition of the SilverCloud Health Group. Amwell is headquartered in Boston, Massachusetts and is a leading telehealth company that enablesthe digital distribution and delivery of care for healthcare’s key stakeholders.In accordance with Section 414B of the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013, the company is exempt from preparing a Strategic Report.The company’s client base consists mainly of healthcare providers in the UK. In the short to medium term, the company will continue to focus on developing existing partner relationships and growing the business in theexisting market.
Revenue
£3.8m
▲ +174.0% vs prior ~12m period
Profit after tax
£804k
Margin 27.0%
Employees
26
▲ +85.7% vs prior ~12m period
Net assets
£1.0m
Total assets £3.6m
Financial history
Revenue by accounting period
4 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2022 | £3.8m | ▲ +174.0% | £1.0m | 26 | £1.0m |
| 31 Dec 2021 | £1.4m | — | £246k | 14 | £165k |
| 31 Dec 2020 | — | — | — | 0 | -£35k |
| 31 Mar 2020 | — | — | — | 0 | -£29k |
Some periods are not about 12 months apart, usually because the company changed its year end or the register holds more than one set of accounts for a year. Growth is shown only against a prior period roughly 12 months earlier.
Latest available figures
Period ending 31 Dec 2022. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
These are the most recent accounts available to us; more recent accounts may exist at Companies House.
Profit & loss
- Revenue
- £3.8m
- Gross profit
- £3.6m
- Operating profit
- £1.0m
- Profit before tax
- £1.0m
- Profit after tax
- £804k
Balance sheet
- Total assets
- £3.6m
- Cash
- £488k
- Total liabilities
- £2.6m
- Net assets
- £1.0m
- Revenue per employee
- £147k
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