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Company No. 02708052 · Incorporated 21 Apr 1992

Theradex (Europe) Limited

Registered name: THERADEX (EUROPE) LIMITED

Theradex (Europe) Limited made £15.2m revenue and £3.1m profit in the year to 30 Jun 2025.

Theradex (Europe) Limited’s revenue grew 25% to £15.2m in the year to 30 Jun 2025, with £3.1m profit and 43 employees. The company is classified under “research and experimental development on biotechnology” and is based in Redhill; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 72110Research and experimental development on biotechnology
Status
Active
Location
Redhill, South East
Age
34 yrs · since 1992
Type
Private Limited Company
Latest accounts · year to 30 Jun 2025

Key figures

IndependentCapital-lightOperating leverageCash flow filed
Revenue
£15.2m
Growth ▲24.9%
Profit
£3.1m
Growth ▲65.9%
Profit margin
20.3%
Gross 48.4%
Employees
43
Change ▲13.2%
Profit / employee
£71.6k
Revenue/employee £353k
Profitable streak
3yrs
Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Jun 202230 Jun 202330 Jun 202430 Jun 2025
DisclosureNo P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)—£10.8m£12.1m£15.2m
Cost of sales—£5.7m£6.7m£7.8m
Gross profit—£5.2m£5.4m£7.3m
Operating profit—£1.4m£1.9m£4.5m
Profit before tax—£1.4m£2m£4.6m
Profit after tax—£1.1m£1.9m£3.1m
Profit (best available)—£1.1m£1.9m£3.1m
Staff costs—£6m£7.1m£7.1m
Employees (average)43423843
Ratios
Profit margin—10.1%15.3%20.3%
Gross margin—47.8%44.7%48.4%
Revenue per employee—£258k£320k£353k
Profit per employee—£26.1k£48.8k£71.6k
Cash conversion—−249.1%−181.1%−41.8%
Growth (year on year)
Revenue growth——▲12%▲24.9%
Profit growth——▲69.4%▲65.9%
Headcount growth—▼2.3%▼9.5%▲13.2%
Balance sheet — indirect signals, not revenue
Cash at bank£5.2m£8.6m£11.7m£3.6m
Net assets£6.7m£7.8m£9.7m£14.4m
Fixed assets£71.9k£50.6k£30.2k£37.5k
Current assets£8.8m£11.2m£14.9m£17.2m
Debtors£2.8m£2.3m£2.1m£1.8m
Deferred income—£1.8m£3.3m£847k
Cash from operations—−£3.4m−£3.5m−£1.9m
SourceFullAccounts · bulk data Mar 2024FullAccounts · bulk data Mar 2024FullAccounts · bulk data Mar 2025FullAccounts · bulk data Mar 2026
Derived from the latest filing

How the business works

Profit margin
20.3%
Profit ÷ revenue.
Gross margin
48.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£353k
Revenue ÷ average employees.
Profit per employee
£71.6k
Profit ÷ average employees.
Cash conversion
−41.8%
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
5.6%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
11.9%
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
▲48%
Now £14.4m
Cash at bank
▼69%
Now £3.6m
Headcount
▲13%
Now 43
Deferred income
▼74%
Now £847k
Fixed assets
▲24%
Now £37.5k

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £3.1m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.

Updated from Companies House on 23 Oct 2026

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