How much does Retail Banking Research Limited make?

Retail Banking Research Limited reported revenue of £7.5m and £1.5m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Retail Banking Research Limited have?

Retail Banking Research Limited reported an average of 55 employees in the year to 31 Dec 2023.

Is Retail Banking Research Limited profitable?

Yes — Retail Banking Research Limited reported a profit of £1.5m in the year to 31 Dec 2023.

Company No. 02668713 · Incorporated 5 Dec 1991

Retail Banking Research Limited

Registered name: RETAIL BANKING RESEARCH LIMITED

Part of Aite-Novarica UK Holdings Limited group

Retail Banking Research Limited made £7.5m revenue and £1.5m profit in the year to 31 Dec 2023.

Retail Banking Research Limited’s revenue grew 9% to £7.5m in the year to 31 Dec 2023, with £1.5m profit and 55 employees. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 34 yrs · since 1991
Type: Private Limited Company

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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightOperating leverage

Revenue

£7.5m

Growth ▲9.4%

Profit

£1.5m

Growth ▲48.6%

Profit margin

20.1%

Gross 54.3%

Employees

Change ▲5.8%

Profit / employee

£27.3k

Revenue/employee £136k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£6.8m	£7.5m
Cost of sales	—	£3.1m	£3.4m
Gross profit	—	£3.7m	£4.1m
Operating profit	—	£1.3m	£1.5m
Profit before tax	—	£1.3m	£1.5m
Profit after tax	—	£1m	£1.5m
Profit (best available)	—	£1m	£1.5m
Staff costs	—	£3.4m	£3.8m
Employees (average)	41	52	55
Ratios
Profit margin	—	14.8%	20.1%
Gross margin	—	53.8%	54.3%
Revenue per employee	—	£131k	£136k
Profit per employee	—	£19.4k	£27.3k
Growth (year on year)
Revenue growth	—	—	▲9.4%
Profit growth	—	—	▲48.6%
Headcount growth	—	▲26.8%	▲5.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.3m	£2.8m	£1.8m
Net assets	£8.5m	£10.5m	£11m
Fixed assets	£1.9m	£15.6k	£19k
Current assets	£7.8m	£12m	£11.7m
Debtors	£2.1m	£539k	£660k
Deferred income	£358k	£1.1m	£535k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 20.1%; Profit ÷ revenue.
Gross margin: 54.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £136k; Revenue ÷ average employees.
Profit per employee: £27.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲5%; Now £11m
Cash at bank: ▼35%; Now £1.8m
Headcount: ▲6%; Now 55
Deferred income: ▼51%; Now £535k
Fixed assets: ▲22%; Now £19k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Aite-Novarica UK Holdings Limitedultimate parent75–100%
Retail Banking Research Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Instech London LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £1.5m), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.