How much does Lycamobile UK Limited make?

Lycamobile UK Limited reported revenue of £186m and a loss of £44.5m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Lycamobile UK Limited have?

Lycamobile UK Limited reported an average of 97 employees in the year to 31 Dec 2023.

Is Lycamobile UK Limited profitable?

No — Lycamobile UK Limited reported a loss of £44.5m in the year to 31 Dec 2023.

Company No. 05903820 · Incorporated 11 Aug 2006

Lycamobile UK Limited

Registered name: LYCAMOBILE UK LIMITED

Lycamobile UK Limited made £186m revenue and a £44.5m loss in the year to 31 Dec 2023. read from filing text

Lycamobile UK Limited’s revenue grew 28% to £186m in the year to 31 Dec 2023, with a loss of £44.5m and 97 employees. The company is classified under “other telecommunications activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61900Other telecommunications activities

Status: Active
Location: London, London
Age: 20 yrs · since 2006
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: “Mr A Subaskaran owns 98% of the Company's issued share capital.”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightCash flow filed

Revenue

£186m

Growth ▲27.7%

Profit

−£44.5m

Growth —

Profit margin

−23.9%

Gross 58.4%

Employees

Change ▲36.6%

Profit / employee

−£458k

Revenue/employee £1.9m

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£145m	£186m
Cost of sales	£68m	£77.1m
Gross profit	£77.4m	£108m
Operating profit	−£18.5m	−£32.8m
Profit before tax	−£24.3m	−£37.5m
Profit after tax	−£25.1m	−£44.5m
Profit (best available)	−£25.1m	−£44.5m
Staff costs	£15.7m	£27.7m
Employees (average)	71	97
Ratios
Profit margin	−17.3%	−23.9%
Gross margin	53.2%	58.4%
Revenue per employee	£2m	£1.9m
Profit per employee	−£354k	−£458k
Growth (year on year)
Revenue growth	—	▲27.7%
Headcount growth	—	▲36.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4m	£816k
Net assets	£14.6m	−£30.3m
Fixed assets	£5.1m	£7.1m
Current assets	£188m	£163m
Debtors	£5.4m	£7.2m
Deferred income	£10.9m	£13.1m
Cash from operations	−£34.4m	−£16.1m
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −23.9%; Profit ÷ revenue.
Gross margin: 58.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.9m; Revenue ÷ average employees.
Profit per employee: −£458k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.9%; 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: ▼308%; Now −£30.3m
Cash at bank: ▼40%; Now £816k
Headcount: ▲37%; Now 97
Deferred income: ▲20%; Now £13.1m
Fixed assets: ▲41%; Now £7.1m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£44.5m), from the Companies House accounts bulk data published Sep 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.