Binary Capital Limited
Registered name: BINARY CAPITAL LIMITED
Binary Capital Limited made £161k revenue and a £398k loss in the year to 30 Sep 2025. read from filing text
Binary Capital Limited’s revenue grew 191% to £161k in the year to 30 Sep 2025, with a loss of £398k and 4 employees. The company is classified under “security dealing on own account” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 18 yrs · since 2008
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 J Ruskin controls the company by virtue of his shareholdings in the entity.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 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 |
| Profit & loss | ||||
| Revenue (turnover) | £20.4k | £22.9k | £55.2k | £161k |
| Cost of sales | £26.9k | £28.1k | £51.4k | £60.9k |
| Gross profit | −£6.5k | −£5.2k | £3.8k | £99.8k |
| Operating profit | −£418k | −£310k | −£440k | −£399k |
| Profit before tax | −£418k | −£308k | −£438k | −£398k |
| Profit after tax | −£418k | −£308k | −£438k | −£398k |
| Profit (best available) | −£418k | −£308k | −£438k | −£398k |
| Staff costs | £205k | £151k | £192k | £255k |
| Employees (average) | 5 | 4 | 4 | 4 |
| Ratios | ||||
| Profit margin | −2050% | −1344% | −793.3% | −247.3% |
| Gross margin | −31.6% | −22.8% | 6.9% | 62.1% |
| Revenue per employee | £4.1k | £5.7k | £13.8k | £40.2k |
| Profit per employee | −£83.6k | −£77.1k | −£110k | −£99.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲12.4% | ▲140.8% | ▲191.1% |
| Headcount growth | — | ▼20% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £214k | £163k | £208k | £170k |
| Net assets | £88.6k | £95.3k | £191k | £164k |
| Fixed assets | £2k | £1 | £1.4k | £1.9k |
| Current assets | £225k | £169k | £224k | £181k |
| Debtors | £0 | £1.9k | £1.9k | £11.6k |
| Deferred income | £5k | £5k | £5k | £5k |
| Cash from operations | £328k | £368k | £489k | £409k |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −247.3%
- Profit ÷ revenue.
- Gross margin
- 62.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £40.2k
- Revenue ÷ average employees.
- Profit per employee
- −£99.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.2%
- Money owed by customers. Low = customers pay quickly.
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
- ▼14%
- Now £164k
- Cash at bank
- ▼19%
- Now £170k
- Headcount
- 0%
- Now 4
- Deferred income
- 0%
- Now £5k
- Fixed assets
- ▲44%
- Now £1.9k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit −£398k), 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.