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Company No. 04968485 · Incorporated 18 Nov 2003

Redsquid Communications Ltd

Registered name: REDSQUID COMMUNICATIONS LTD

Redsquid Communications Ltd made £4.3m revenue and £4.9k profit in the year to 31 Mar 2024.

Redsquid Communications Ltd’s revenue fell 6% to £4.3m in the year to 31 Mar 2024, with £4.9k profit and 37 employees. The company is classified under “other business support service activities” and is based in Borehamwood; 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
Borehamwood, East of England
Age
22 yrs · since 2003
Type
Private Limited Company
Latest accounts · year to 31 Mar 2024

Key figures

Independent
Revenue
£4.3m
Growth ▼5.5%
Profit
£4.9k
Growth ▼99.5%
Profit margin
0.1%
Gross 52%
Employees
37
Change ▲19.4%
Profit / employee
£132
Revenue/employee £115k
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 to31 Mar 202231 Mar 202331 Mar 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£3.6m£4.5m£4.3m
Cost of sales£1.7m£2.1m£2m
Gross profit£2m£2.4m£2.2m
Operating profit−£74.4k£178k−£343k
Profit before tax£398k£914k£9.8k
Profit after tax£423k£912k£4.9k
Profit (best available)£423k£912k£4.9k
Employees (average)313137
Ratios
Profit margin11.7%20.2%0.1%
Gross margin54.3%53.4%52%
Revenue per employee£117k£146k£115k
Profit per employee£13.6k£29.4k£132
Growth (year on year)
Revenue growth—▲24.6%▼5.5%
Profit growth—▲115.7%▼99.5%
Headcount growth—0%▲19.4%
Balance sheet — indirect signals, not revenue
Cash at bank£30k£639k£532k
Net assets−£143k£769k£681k
Fixed assets£2.4m£2.2m£5.8m
Current assets£688k£1.1m£1.5m
Debtors£124k£151k£181k
Deferred income£302k£105k£349k
SourceAccounts · bulk data Nov 2023Accounts · bulk data Nov 2023FullAccounts · bulk data Mar 2025
Derived from the latest filing

How the business works

Profit margin
0.1%
Profit ÷ revenue.
Gross margin
52%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£115k
Revenue ÷ average employees.
Profit per employee
£132
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
136.3%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
8.2%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
4.2%
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
▼11%
Now £681k
Cash at bank
▼17%
Now £532k
Headcount
▲19%
Now 37
Deferred income
▲231%
Now £349k
Fixed assets
▲161%
Now £5.8m

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

Subsidiaries (16)

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 31 Mar 2024 (profit £4.9k), from the Companies House accounts bulk data published Mar 2025. 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.