How much does Hello Games Ltd make?

Hello Games Ltd reported revenue of £56m and a loss of £9.3m in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Hello Games Ltd have?

Hello Games Ltd reported an average of 55 employees in the year to 31 Oct 2024.

Is Hello Games Ltd profitable?

No — Hello Games Ltd reported a loss of £9.3m in the year to 31 Oct 2024.

Company No. 06663645 · Incorporated 4 Aug 2008

Hello Games Ltd

Registered name: HELLO GAMES LTD

Part of Hello Games Holdings Limited group

Hello Games Ltd made £56m revenue and a £9.3m loss in the year to 31 Oct 2024. read from filing text

Hello Games Ltd’s revenue grew 71% to £56m in the year to 31 Oct 2024, with a loss of £9.3m and 55 employees. The company is classified under “ready-made interactive leisure and entertainment software development” and is based in Guildford; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62011Ready-made interactive leisure and entertainment software development

Status: Active
Location: Guildford, South East
Age: 18 yrs · since 2008
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 immediate parent is Hello Games Holdings Limited, a company incorporated in England and Wales.”

Latest accounts · year to 31 Oct 2024

Key figures

Capital-lightCash flow filed

Revenue

£56m

Growth ▲71.4%

Profit

−£9.3m

Growth ▼146.5%

Profit margin

−16.6%

Gross 3.4%

Employees

Change ▲10%

Profit / employee

−£169k

Revenue/employee £1m

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2021	31 Oct 2022	31 Oct 2023	31 Oct 2024
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£27.4m	£39.7m	£32.7m	£56m
Cost of sales	£3.9m	£6.2m	£5.8m	£54m
Gross profit	£23.5m	£33.5m	£22.2m	£1.9m
Operating profit	£18.9m	£40.5m	£18m	−£2.4m
Profit before tax	£18.9m	£40.6m	£21.6m	−£2.4m
Profit after tax	£18.2m	£32.9m	£19.9m	−£9.3m
Profit (best available)	£18.2m	£32.9m	£19.9m	−£9.3m
Staff costs	—	£4.7m	£4.4m	—
Employees (average)	40	45	50	55
Ratios
Profit margin	66.5%	82.8%	61.1%	−16.6%
Gross margin	85.8%	84.4%	68.1%	3.4%
Revenue per employee	£685k	£883k	£653k	£1m
Profit per employee	£456k	£731k	£399k	−£169k
Cash conversion	−116.8%	−99%	−105%	—
Growth (year on year)
Revenue growth	—	▲45%	▼17.8%	▲71.4%
Profit growth	—	▲80.3%	▼39.4%	▼146.5%
Headcount growth	—	▲12.5%	▲11.1%	▲10%
Balance sheet — indirect signals, not revenue
Cash at bank	£102m	£138m	£34.7m	£32.2m
Net assets	£103m	£136m	£36.1m	£26.8m
Fixed assets	£195k	£147k	£99k	£63k
Current assets	—	£145m	£43.6m	—
Debtors	£2.1m	£2.6m	£3.8m	£2.9m
Deferred income	—	£1m	£890k	£925k
Cash from operations	−£22.1m	−£40.1m	−£18.9m	£1.2m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Jan 2026

Derived from the latest filing

How the business works

Profit margin: −16.6%; Profit ÷ revenue.
Gross margin: 3.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1m; Revenue ÷ average employees.
Profit per employee: −£169k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.2%; 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: ▼26%; Now £26.8m
Cash at bank: ▼7%; Now £32.2m
Headcount: ▲10%; Now 55
Deferred income: ▲4%; Now £925k
Fixed assets: ▼36%; Now £63k

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

Hello Games Holdings Limitedultimate parent75–100%
Hello Games Ltdthis company

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

Subsidiaries (1)

Hello Labs LimitedFigures not disclosed

Sister companies (1)

Hello Games Publishing LimitedFigures 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 Oct 2024 (profit −£9.3m), from the Companies House accounts bulk data published Jan 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.