How much does Ninja Tune Limited make?

Ninja Tune Limited reported revenue of £24.4m and £1.4m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Ninja Tune Limited have?

Ninja Tune Limited reported an average of 60 employees in the year to 31 Dec 2025.

Is Ninja Tune Limited profitable?

Yes — Ninja Tune Limited reported a profit of £1.4m in the year to 31 Dec 2025.

Company No. 04770301 · Incorporated 19 May 2003

Ninja Tune Limited

Registered name: NINJA TUNE LIMITED

Part of Concord NT Holdings Limited group

Ninja Tune Limited made £24.4m revenue and £1.4m profit in the year to 31 Dec 2025. read from filing text

Ninja Tune Limited’s revenue grew 4% to £24.4m in the year to 31 Dec 2025, with £1.4m profit and 60 employees. The company is classified under “artistic creation” and is based in London; we hold 5 years of its filed accounts.

Full P&L filedSection R · Arts, entertainment and recreationSIC 90030Artistic creation

Status: Active
Location: London, London
Age: 23 yrs · since 2003
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. From the filing: “The parent company is Ninja Tune Holdings Limited, company number 10713956, registered in England & Wales. The registered office for Ninja Tune Holdings Limited is Loom Court Concord, 12 Fleur De Lis ”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightOperating leverageDoing more with less

Revenue

£24.4m

Growth ▲3.6%

Profit

£1.4m

Growth ▲7%

Profit margin

5.9%

Gross 33.9%

Employees

Change ▼9.1%

Profit / employee

£23.9k

Revenue/employee £406k

Profitable streak

5yrs

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£18.5m	£23.2m	£23.7m	£23.5m	£24.4m
Cost of sales	£11.4m	£13.8m	£15.9m	£15.9m	£16.1m
Gross profit	£7.1m	£9.3m	£7.8m	£7.6m	£8.3m
Operating profit	£2.7m	£4.8m	£1.6m	£1.7m	£1.8m
Profit before tax	£2.7m	£4.8m	£1.6m	£1.8m	£2m
Profit after tax	£2.2m	£3.9m	£1.2m	£1.3m	£1.4m
Profit (best available)	£2.2m	£3.9m	£1.2m	£1.3m	£1.4m
Staff costs	£3.9m	£4m	£4.6m	£4.2m	£4.5m
Employees (average)	58	65	69	66	60
Ratios
Profit margin	11.7%	16.8%	5.1%	5.7%	5.9%
Gross margin	38.1%	40.2%	33%	32.3%	33.9%
Revenue per employee	£319k	£356k	£343k	£356k	£406k
Profit per employee	£37.4k	£59.7k	£17.5k	£20.3k	£23.9k
Growth (year on year)
Revenue growth	—	▲25.3%	▲2.2%	▼0.6%	▲3.6%
Profit growth	—	▲78.9%	▼69%	▲11.1%	▲7%
Headcount growth	—	▲12.1%	▲6.2%	▼4.3%	▼9.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£8.1m	£11m	£10m	£11.5m	£12.8m
Net assets	£6.6m	£8.3m	£7.7m	£8.5m	£9.1m
Fixed assets	£401k	£417k	£492k	£459k	£438k
Current assets	£13.5m	£16.9m	£16.1m	£17.3m	£18.7m
Debtors	£3.5m	£3.1m	£2.2m	£2.1m	£1.7m
Deferred income	£3.7m	£4.5m	£4.8m	£5.7m	£6.6m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 5.9%; Profit ÷ revenue.
Gross margin: 33.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £406k; Revenue ÷ average employees.
Profit per employee: £23.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 27%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7%; 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: ▲7%; Now £9.1m
Cash at bank: ▲11%; Now £12.8m
Headcount: ▼9%; Now 60
Deferred income: ▲15%; Now £6.6m
Fixed assets: ▼5%; Now £438k

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

Concord NT Holdings Limitedultimate parent75–100%
Concord NT Limited75–100%
Ninja Tune Holdings Limited75–100%
Ninja Tune Limitedthis company

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

Sister companies (2)

Ahead of Our Time Records LimitedRev. — · Profit £4.6k
Ninja Tune Records 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 FullAccounts for the year to 31 Dec 2025 (profit £1.4m), from the Companies House accounts bulk data published Sep 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.