Behavioural Insights Ltd
Behavioural Insights Ltd
Trading as: The Behavioural Insights Team
#08567792 • Active • Acquired by Nesta in 13/12/2021
B2bServices
The Behavioural Insights Team (BIT) leverages applied behavioural science to assist governments, businesses, and philanthropic organizations in addressing their challenges. They provide consultancy services that help clients understand their audiences and develop effective strategies for growth.
Founded: 13/06/2013
Industries: Research and experimental development on social sciences and humanities
Website: https://bi.team
Phone: Subscribe to view
Email: Subscribe to view
Location: London
Services
- Behavioural Science Consultancy
Financial Snapshot
Last accounts made up to 31 March 2024
Next accounts due 31 December 2025 (7 months)
Cash in Bank £2.81m
↓ -29%
Turnover £23.1m
↓ -9%
EBITDA -£1.07m
↓ -208%
Gross Profit £8.8m
↓ -7%
Total Liabilities £5.91m
↓ -27%
Employees 221
↓ -9%
Directors
Name | Role | Appointed ↓ | Nationality | Age |
|---|---|---|---|---|
| Jane Elizabeth Ellison | Non-executive Director | 22/01/2024 | British | 60 years |
| Mark Gerard John Oliver Egan | Management Consultant | 07/08/2023 | Irish | 38 years |
| Hurol Inan | Management Consultant | 01/11/2022 | Australian | 57 years |
| Andrew John Chittenden | Independent Advisor | 01/11/2022 | British | 55 years |
| Edward Charles Richards | Business Advisory | 25/04/2022 | British | 59 years |
| Ravi Krishnan Gurumurthy | Chief Executive Officer | 10/12/2021 | British | 48 years |
Role:
Non-executive Director
Appointed:
22/01/2024
Nationality:
British
Age:
60 years
Role:
Management Consultant
Appointed:
07/08/2023
Nationality:
Irish
Age:
38 years
Role:
Management Consultant
Appointed:
01/11/2022
Nationality:
Australian
Age:
57 years
Role:
Independent Advisor
Appointed:
01/11/2022
Nationality:
British
Age:
55 years
Role:
Business Advisory
Appointed:
25/04/2022
Nationality:
British
Age:
59 years
Role:
Chief Executive Officer
Appointed:
10/12/2021
Nationality:
British
Age:
48 years
People with Significant Control
| Name | Nature of Control | Notified On | Nationality |
|---|---|---|---|
| Nesta | Ownership Of Shares 75 To 100 Percent, Voting Rights 75 To 100 Percent | 06/04/2016 | United Kingdom |
Nature of Control:
Ownership Of Shares 75 To 100 Percent, Voting Rights 75 To 100 Percent
Notified On:
06/04/2016
Nationality:
United Kingdom
Financial Accounts
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Income Statement | |||
| Turnover | |||
| Export Revenue | |||
| Sales | |||
| Other Operating Income | |||
| Other Operating Items | |||
| Cost of Sales | |||
| Raw Materials & Consumables | |||
| Gross Profit | |||
| Admin Expenses | |||
| Other Operating Charges | |||
| Depreciation | |||
| R&D Expenses | |||
| Operating Profit | |||
| EBITDA | |||
| Financial Revenue | |||
| Financial Expenses | |||
| Financial Profit/Loss | |||
| Interest Paid | |||
| Extraordinary Revenue | |||
| Extraordinary Expenses | |||
| Net Extraordinary Items | |||
| Pre-Tax Profit | |||
| Tax | |||
| Profit After Tax | |||
| Retained Profit | |||
| Balance Sheet | |||
| Non-Current Assets | |||
| Intangible Assets | |||
| Tangible Fixed Assets | |||
| Other Non-Current Assets | |||
| Current Assets | |||
| Stock | |||
| Debtors | |||
| Cash in Hand | |||
| Other Current Assets | |||
| Called Up Share Capital | |||
| P&L Account Reserve | |||
| Shareholder Funds | |||
| Other Shareholder Funds | |||
| Provisions | |||
| Long Term Debt | |||
| Creditors (> 1 year) | |||
| Other Non-Current Liabilities | |||
| Short Term Debt | |||
| Creditors | |||
| Creditors (< 1 year) | |||
| Other Current Liabilities | |||
| Key Metrics | |||
| Net Assets | |||
| Net Current Assets | |||
| Total Assets Less Current Liabilities | |||
| Working Capital | |||
| Enterprise Value | |||
| Added Value | |||
| Cashflow Before D&A | |||
| Other Information | |||
| Staff Costs | |||
| Number of Employees | |||
Charges
No charges registered
Properties
No property information available
Grants
Total grant funding received: £3,605,937.88
| Programme | |||
|---|---|---|---|
| 27/03/2024 | £203,488.13 | Nesta (Practices) | Revealing Social Capital |
| Revealing Social Capital programme grant to Behavioural Insights Team Grant Ref AC01681 | |||
| 14/07/2023 | £402,382.50 | Nesta (Central Support Services) | YEF / Prism the Gift Fund |
| YEF / Prism the Gift Fund programme grant to Behavioural Insights Team Grant Ref AC01625 | |||
| 26/08/2022 | £853,957.25 | Nesta (Central Support Services) | YEF / Prism the Gift Fund |
| YEF / Prism the Gift Fund programme grant to Behavioural Insights Team Grant Ref AC01541 | |||
| 10/12/2019 | £10,000.00 | Friends Provident Foundation | - |
| Behavioural insights gives us the tools to better diagnose and understand why markets don?t deliver the outcomes we want. It can also help develop better solutions to address big policy challenges like inequality. Building these insights into economic policy offers a more empirical, pragmatic and optimistic view of how markets can deliver for most consumers and citizens. We will write an extended outline that will form the basis of a fuller report (or set of papers) targeted at policymakers setting out the case for this, and proposed directions for future research. | |||
| 01/04/2019 | £851,545.00 | Ministry of Housing, Communities & Local Government | INTEGRATION |
| Councils, charities and adult learning providers to receive a share of funding which will help adults with their English language skills. | |||
Nesta (Practices)
£203,488.13Revealing Social Capital programme grant to Behavioural Insights Team Grant Ref AC01681
Date Awarded:
27/03/2024
Programme:
Revealing Social Capital
Nesta (Central Support Services)
£402,382.50YEF / Prism the Gift Fund programme grant to Behavioural Insights Team Grant Ref AC01625
Date Awarded:
14/07/2023
Programme:
YEF / Prism the Gift Fund
Nesta (Central Support Services)
£853,957.25YEF / Prism the Gift Fund programme grant to Behavioural Insights Team Grant Ref AC01541
Date Awarded:
26/08/2022
Programme:
YEF / Prism the Gift Fund
Friends Provident Foundation
£10,000.00Behavioural insights gives us the tools to better diagnose and understand why markets don?t deliver the outcomes we want. It can also help develop better solutions to address big policy challenges like inequality. Building these insights into economic policy offers a more empirical, pragmatic and optimistic view of how markets can deliver for most consumers and citizens. We will write an extended outline that will form the basis of a fuller report (or set of papers) targeted at policymakers setting out the case for this, and proposed directions for future research.
Date Awarded:
10/12/2019
Ministry of Housing, Communities & Local Government
£851,545.00Councils, charities and adult learning providers to receive a share of funding which will help adults with their English language skills.
Date Awarded:
01/04/2019
Programme:
INTEGRATION
Government Council Contracts Beta
Total Council Spend
£371,665.94
Across 13 transactions
Contract Period
Jun 2015 - Mar 2024
2 councils
Average Per Council
£185,832.97
7 avg. transactions
Council Partners
Cornwall Council
Medway Council
Company Filings
| Date | Category | Description | Document |
|---|---|---|---|
| 03/12/2024 | Accounts | Accounts With Accounts Type Group | View (40 pages) |
| 01/08/2024 | Officers | Termination Director Company With Name Termination Date | View (1 page) |
| 17/06/2024 | Confirmation Statement | Confirmation Statement With No Updates | View (3 pages) |
| 30/05/2024 | Resolution | Resolution | View (1 page) |
| 30/05/2024 | Incorporation | Memorandum Articles | View (34 pages) |
| 30/05/2024 | Resolution | Resolution | View (2 pages) |
| 22/01/2024 | Officers | Appoint Person Director Company With Name Date | View (2 pages) |