How much does Marmalade Game Studio Limited make?

Marmalade Game Studio Limited reported revenue of £12.7m and £3.5m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Marmalade Game Studio Limited have?

Marmalade Game Studio Limited reported an average of 87 employees in the year to 31 Dec 2025.

Is Marmalade Game Studio Limited profitable?

Yes — Marmalade Game Studio Limited reported a profit of £3.5m in the year to 31 Dec 2025.

Company No. 03677408 · Incorporated 2 Dec 1998

Marmalade Game Studio Limited

Registered name: MARMALADE GAME STUDIO LIMITED

Part of Lloyds Banking Group PLC group

Marmalade Game Studio Limited made £12.7m revenue and £3.5m profit in the year to 31 Dec 2025.

Marmalade Game Studio Limited’s revenue grew 18% to £12.7m in the year to 31 Dec 2025, with £3.5m profit and 87 employees. The company is classified under “publishing of computer games” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58210Publishing of computer games SIC 62012Business and domestic software development

Status: Active
Location: London, London
Age: 27 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 31 Dec 2025

Key figures

Operating leverageDoing more with less

Revenue

£12.7m

Growth ▲17.8%

Profit

£3.5m

Growth ▲391.1%

Profit margin

27.8%

Gross 79.6%

Employees

Change ▼19.4%

Profit / employee

£40.5k

Revenue/employee £146k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12m	£10.8m	£12.7m
Cost of sales	£2.8m	£2.8m	−£2.6m
Gross profit	£9.2m	£7.9m	£10.1m
Operating profit	£1.2m	−£252k	£2.7m
Profit before tax	£1.2m	−£239k	£2.7m
Profit after tax	£1.8m	£718k	£3.5m
Profit (best available)	£1.8m	£718k	£3.5m
Staff costs	£4.7m	£5.3m	—
Employees (average)	90	108	87
Ratios
Profit margin	15.1%	6.7%	27.8%
Gross margin	76.9%	73.7%	79.6%
Revenue per employee	£133k	£99.7k	£146k
Profit per employee	£20.1k	£6.6k	£40.5k
Growth (year on year)
Revenue growth	—	▼10.2%	▲17.8%
Profit growth	—	▼60.4%	▲391.1%
Headcount growth	—	▲20%	▼19.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£1.1m	—
Net assets	£5.8m	£6.6m	—
Fixed assets	£1m	£1.3m	—
Current assets	£6.8m	£7.6m	—
Debtors	£7.6k	£34.9k	—
Deferred income	£1.1m	£1.4m	—
Source	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Aug 2025	Accounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 27.8%; Profit ÷ revenue.
Gross margin: 79.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £146k; Revenue ÷ average employees.
Profit per employee: £40.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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 —
Cash at bank: —; Now —
Headcount: ▼19%; Now 87
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Lloyds Banking Group PLCultimate parent75–100%
LBG Equity Investments Limited75–100%
Lloyds Development Capital (Holdings) Limited75–100%
LDC (Managers) Limited50–75%
Project Bridgerton Bidco Limited75–100%
Marmalade Game Studio Limitedthis company

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

Subsidiaries (1)

MGS 2019 LtdFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £3.5m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.

Updated from Companies House on 14 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.