How much does Trust Retail Ltd make?

Trust Retail Ltd reported revenue of £2.6m and £628k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Trust Retail Ltd have?

Trust Retail Ltd reported an average of 0 employees in the year to 31 Dec 2025.

Is Trust Retail Ltd profitable?

Yes — Trust Retail Ltd reported a profit of £628k in the year to 31 Dec 2025.

Company No. 07665281 · Incorporated 10 Jun 2011

Trust Retail Ltd

Registered name: TRUST RETAIL LTD

Part of Trust Payments Holdings Ltd group

Trust Retail Ltd made £2.6m revenue and £628k profit in the year to 31 Dec 2025.

Trust Retail Ltd’s revenue grew 13% to £2.6m in the year to 31 Dec 2025, with £628k profit and 0 employees. The company is classified under “information technology consultancy activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: London, London
Age: 15 yrs · since 2011
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: “Trust Payments Ltd”

Latest accounts · year to 31 Dec 2025

Key figures

Small team

Revenue

£2.6m

Growth ▲12.7%

Profit

£628k

Growth ▼20.2%

Profit margin

24.2%

Gross 88.4%

Employees

Change —

Profit / employee

—

Profitable streak

4yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.7m	£2.8m	£2.3m	£2.6m
Cost of sales	£267k	£129k	£163k	£302k
Gross profit	£3.5m	£2.6m	£2.1m	£2.3m
Operating profit	£701k	£132k	£795k	£633k
Profit before tax	£698k	£119k	£791k	£628k
Profit after tax	£687k	£140k	£787k	£628k
Profit (best available)	£687k	£140k	£787k	£628k
Staff costs	£2.3m	£2m	£1.1m	£1.4m
Employees (average)	38	37	0	0
Ratios
Profit margin	18.5%	5.1%	34.1%	24.2%
Gross margin	92.8%	95.3%	92.9%	88.4%
Revenue per employee	£97.9k	£74.7k	—	—
Profit per employee	£18.1k	£3.8k	—	—
Growth (year on year)
Revenue growth	—	▼25.7%	▼16.6%	▲12.7%
Profit growth	—	▼79.6%	▲461.8%	▼20.2%
Headcount growth	—	▼2.6%	▼100%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£106k	£17.1k	£18k	£15.7k
Net assets	£3m	£3.1m	£3.9m	£4.5m
Fixed assets	£242k	£124k	£1.2m	£3.2m
Current assets	£3.5m	£3.4m	£3.1m	£2.4m
Debtors	£453k	£440k	£113k	£317k
Deferred income	£448k	£177k	£103k	£473k
Source	Accounts · bulk data Oct 2024	Accounts · bulk data Oct 2024	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 24.2%; Profit ÷ revenue.
Gross margin: 88.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 122.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 18.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.2%; 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: ▲16%; Now £4.5m
Cash at bank: ▼13%; Now £15.7k
Headcount: —; Now 0
Deferred income: ▲361%; Now £473k
Fixed assets: ▲164%; Now £3.2m

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

Trust Payments Holdings Ltdultimate parent75–100%
Trust Payments Ltd75–100%
Trust Retail Ltdthis company

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

Subsidiaries (1)

Sure Can Pay LimitedRev. — · Profit −£15.3k

Sister companies (3)

Trustuk Payments LtdRev. £116m · Profit £3.9m
Trust Payments (UK) LtdRev. £12.8m · Profit −£5.6m
Core Cloud Group LtdRev. £11k · Profit −£49.3k

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 Dec 2025 (profit £628k), from the Companies House accounts bulk data published Sep 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.