ZWIFT UK LTD
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Cash
£4.1m
+247.3% highest in 3 filed years
Net assets
£5.8m
-51.7% lowest in 3 filed years
Employees
74
-5.1% lowest in 3 filed years
Profit before tax
£980k
-64.7% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £19,741,561 | £13,561,141 | £13,987,080 | +3.1% | |
| Operating profit | £2,286,274 | £828,739 | £765,467 | -7.6% | |
| Profit before tax | £2,286,274 | £2,775,138 | £979,691 | -64.7% | |
| Net profit | £1,273,722 | £2,299,246 | £918,669 | -60% | |
| Cash | £2,292,444 | £1,170,474 | £4,065,274 | +247.3% | |
| Total assets less current liabilities | £9,541,946 | £12,196,924 | £5,946,110 | -51.2% | |
| Net assets | £9,412,154 | £12,082,566 | £5,838,931 | -51.7% | |
| Equity | £9,412,154 | £12,082,566 | £5,838,931 | -51.7% | |
| Average employees | 90 | 78 | 74 | -5.1% | |
| Wages | £9,633,649 | £7,437,987 | £7,972,100 | +7.2% | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 11.6% | 6.1% | 5.5% | |
| Net margin | 6.5% | 17.0% | 6.6% | |
| Return on capital employed | 24.0% | 6.8% | 12.9% | |
| Gearing (liabilities / total assets) | 31.3% | 16.0% | 32.1% | |
| Current ratio | 2.80x | 6.04x | 2.91x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- ZWIFT UK LTD 2014-08-15 → present
- SAKONNET TECHNOLOGY UK LIMITED 2001-10-03 → 2014-08-15
- NETLEAD LIMITED 2001-09-05 → 2001-10-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BPM UK Audit Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has received written confirmation from its parent company that it will continue to provide financial support to the Company for a period of at least 12 months from the date of signing these financial statements. The directors have assessed that the forecast parent company resources will be sufficient to cover the ongoing future costs of the Company. For these reasons, the directors continue to adopt the going concern basis in preparing these financial statements.”
Significant events
- “Management have not deemed an exit event probable and, as such, have not elected to recognise any vesting of the RSUs in 2026.”
- “During the year, a £213,600 deposit on an operating lease held by the Company was repaid by the landlord. As this was classified as a debtor due after more than one year in the prior year, an adjustment has been made to recognise it as a short-term debtor in the comparative figures.”
- “There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MIN, Eric Kyoohong | Director | 2001-10-25 | May 1967 | American |
| MYRIN, Alarik | Director | 2001-10-25 | Sep 1970 | American |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LIN, Linda | Secretary | 2001-09-17 | 2014-08-13 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-09-05 | 2001-09-17 |
| BANNISTER, Thurstan Roger Ralph | Director | 2001-09-17 | 2008-04-22 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-09-05 | 2001-09-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 93 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-26 RESOLUTIONS Resolution
- 2023-04-17 MA Memorandum articles
- 2023-04-17 RESOLUTIONS Resolution
- 2023-04-05 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2026-03-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | CH01 | officers | Change person director company with change date | |
| 2024-05-13 | CH01 | officers | Change person director company with change date | |
| 2024-04-10 | AA | accounts | Accounts with accounts type full | |
| 2023-09-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-07 | CH01 | officers | Change person director company with change date | |
| 2023-05-03 | SH01 | capital | Capital allotment shares | |
| 2023-04-26 | SH02 | capital | Capital alter shares subdivision | |
| 2023-04-26 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-17 | MA | incorporation | Memorandum articles | |
| 2023-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-05 | CC04 | change-of-constitution | Statement of companys objects | |
| 2022-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-31 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.