Worksome Ltd

Active11615731Information & communicationIncorporated 10 Oct 2018 · London

Worksome is a cloud-based software company operating in the HR technology sector. The company provides a digital platform that streamlines the hiring and management of external contractors, enabling businesses to manage compliance, contracts, and payments efficiently. Through Worksome, companies are able to: - Build and manage internal talent pools. - Automate compliant contracts and payroll. - Oversee relationships with third-party recruiters and suppliers. - Gain comprehensive visibility and control over their contingent workforce. Key elements of Worksome's business model include: 1. Research and Development - Product design, coding, testing, and debugging are carried out in-house and centralized at the group's headquarters in Copenhagen, Denmark. 2. Sales and Distribution - Services are sold directly to end-clients and delivered via secure cloud access. 3. Maintenance and Support - Ongoing product maintenance and customer support are delivered in-house Worksome's client base primarily comprises medium to large enterprises that depend on maintaining a flexible, efficient, and compliant network of external contractors. Suppliers include hardware vendors (e.g. computers and phones), cloud service and infrastructure providers, marketing agencies, and third-party software providers.

Revenue

£100.0m

▲ +15.4% vs prior ~12m period

Profit after tax

-£6k

Margin 0.6%

Employees

16

▼ -11.1% vs prior ~12m period

Net assets

£2.4m

Total assets £9.7m

Financial history

Revenue by accounting period

4 periods available · ▲ growth ▼ decline

Dec 2021
Not available
Dec 2022
£83.9m
Dec 2023
£86.7m▲ +3.3%
Dec 2024
£100.0m▲ +15.4%
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Dec 2024£100.0m▲ +15.4%£34016£2.4m
31 Dec 2023£86.7m▲ +3.3%£145k18£2.4m
31 Dec 2022£83.9m—£99k25-£192k
31 Dec 2021————-£291k

Latest available figures

Period ending 31 Dec 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£100.0m
Gross profit
£2.9m
Operating profit
£616k
Profit before tax
£340
Profit after tax
-£6k

Balance sheet

Total assets
£9.7m
Cash
£454k
Total liabilities
£7.3m
Net assets
£2.4m
Revenue per employee
£6.3m

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