Facepunch Studios Ltd
Registered name: FACEPUNCH STUDIOS LTD
Part of Facepunch Group Limited groupFacepunch Studios Ltd made £87.9m revenue and a £2.5m loss in the year to 30 Sep 2025.
Facepunch Studios Ltd’s revenue grew 14% to £87.9m in the year to 30 Sep 2025, with a loss of £2.5m and 66 employees. The company is classified under “other information technology service activities” and is based in Birmingham; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Birmingham, West Midlands
- Age
- 17 yrs · since 2009
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 29 Sep 2022 | 29 Sep 2023 | 29 Sep 2024 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £66.1m | £65.9m | £77.2m | £77.2m | £87.9m |
| Cost of sales | £27.3m | £26.5m | £47.4m | £47.4m | £86.8m |
| Gross profit | £38.9m | £39.4m | £29.8m | £29.8m | £1.1m |
| Operating profit | £41m | £33.2m | £22m | £22m | −£6.6m |
| Profit before tax | £41m | £34.2m | £26.4m | £26.4m | −£2.7m |
| Profit after tax | £34.3m | £28m | £20.3m | £20.3m | −£2.5m |
| Profit (best available) | £34.3m | £28m | £20.3m | £20.3m | −£2.5m |
| Staff costs | £7.1m | £7.5m | £10.4m | £10.4m | £12.6m |
| Employees (average) | 27 | 32 | 53 | 53 | 66 |
| Ratios | |||||
| Profit margin | 51.9% | 42.4% | 26.2% | 26.2% | −2.9% |
| Gross margin | 58.7% | 59.8% | 38.6% | 38.6% | 1.3% |
| Revenue per employee | £2.4m | £2.1m | £1.5m | £1.5m | £1.3m |
| Profit per employee | £1.3m | £875k | £382k | £382k | −£38k |
| Growth (year on year) | |||||
| Revenue growth | — | ▼0.3% | ▲17.2% | — | ▲13.8% |
| Profit growth | — | ▼18.5% | ▼27.6% | — | ▼112.4% |
| Headcount growth | — | ▲18.5% | ▲65.6% | — | ▲24.5% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £34.8m | £57m | £81.2m | £81.2m | £66.4m |
| Net assets | £37.7m | £65.7m | £84m | £84m | £81.5m |
| Fixed assets | £82.3k | £3.3m | £3m | £3m | £3.2m |
| Current assets | £45.6m | £75.4m | £92.6m | £92.6m | £88.9m |
| Debtors | £6.5m | £7.8m | £4.3m | £4.3m | £5.8m |
| Deferred income | £5.9m | £10.7m | £9.8m | £9.8m | £8.4m |
| Source | Accounts · bulk data Jun 2024 | Accounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Apr 2026 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- −2.9%
- Profit ÷ revenue.
- Gross margin
- 1.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.3m
- Revenue ÷ average employees.
- Profit per employee
- −£38k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 9.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6.6%
- 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
- ▼3%
- Now £81.5m
- Cash at bank
- ▼18%
- Now £66.4m
- Headcount
- ▲25%
- Now 66
- Deferred income
- ▼14%
- Now £8.4m
- Fixed assets
- ▲7%
- Now £3.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Facepunch Group Limitedultimate parent75–100%
- Facepunch Studios Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Facepunch Presents LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit −£2.5m), from the Companies House accounts bulk data published Apr 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.