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Company No. 03573626 · Incorporated 2 Jun 1998

Freeshire Limited

Registered name: FREESHIRE LIMITED

Part of Fernlakes Limited group

Freeshire Limited made £703k revenue and a £9.1m loss in the year to 29 Dec 2024.

Freeshire Limited’s revenue fell 50% to £703k in the year to 29 Dec 2024, with a loss of £9.1m and 0 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
28 yrs · since 1998
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 29 Dec 2024

Key figures

Small team
Revenue
£703k
Growth ▼50.5%
Profit
−£9.1m
Growth —
Profit margin
−1294%
Gross 82.8%
Employees
0
Change —
Profit / employee
—
 
Profitable streak
0yrs
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 to29 Dec 202229 Dec 202329 Dec 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£4.3m£1.4m£703k
Cost of sales£2.8m£109k£121k
Gross profit£1.5m£1.3m£582k
Operating profit−£5.7m−£3.4m−£9m
Profit before tax−£4.5m−£1.2m−£9m
Profit after tax−£4.5m−£1.2m−£9.1m
Profit (best available)−£4.5m−£1.2m−£9.1m
Employees (average)000
Ratios
Profit margin−104.2%−81.2%−1294%
Gross margin34.4%92.3%82.8%
Growth (year on year)
Revenue growth—▼67%▼50.5%
Balance sheet — indirect signals, not revenue
Cash at bank£1.6m£195k£52k
Net assets−£91.9m−£93.1m−£102m
Fixed assets£5m£4.9m£3m
Current assets£32.3m£29.9m£23.7m
Debtors£38k£11k£15k
Deferred income£889k£75k£106k
SourceAccounts · bulk data Dec 2024Accounts · bulk data Dec 2024FullAccounts · bulk data Feb 2026
Derived from the latest filing

How the business works

Profit margin
−1294%
Profit ÷ revenue.
Gross margin
82.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
—
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
427.3%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
15.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
2.1%
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
—
Now −£102m
Cash at bank
▼73%
Now £52k
Headcount
—
Now 0
Deferred income
▲41%
Now £106k
Fixed assets
▼39%
Now £3m

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

  1. Fernlakes Limitedultimate parent75–100%
  2. Freeshire Limitedthis company

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

Subsidiaries (139)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 29 Dec 2024 (profit −£9.1m), from the Companies House accounts bulk data published Feb 2026. 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.