Cardaq Limited
Registered name: CARDAQ LIMITED
Part of Ixxov Limited groupCardaq Limited made £13.9m revenue and £2.6m profit in the year to 29 Dec 2024.
Cardaq Limited’s revenue grew 249% to £13.9m in the year to 29 Dec 2024, with £2.6m profit and 7 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 4 years of its filed accounts.
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 29 Dec 2021 | 29 Dec 2022 | 29 Dec 2023 | 29 Dec 2024 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £4m | £13.9m |
| Cost of sales | — | — | £1.3m | £4.8m |
| Gross profit | — | — | £2.7m | £9m |
| Operating profit | — | — | £300k | £3.3m |
| Profit before tax | — | — | £326k | £3.4m |
| Profit after tax | — | — | £360k | £2.6m |
| Profit (best available) | — | — | £360k | £2.6m |
| Staff costs | — | — | £122k | £774k |
| Employees (average) | 1 | 2 | 1 | 7 |
| Ratios | ||||
| Profit margin | — | — | 9% | 18.8% |
| Gross margin | — | — | 66.8% | 65.1% |
| Revenue per employee | — | — | £4m | £2m |
| Profit per employee | — | — | £360k | £372k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲248.8% |
| Profit growth | — | — | — | ▲623.5% |
| Headcount growth | — | ▲100% | ▼50% | ▲600% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £497k | £2.5m | £8m | £7.2m |
| Net assets | £1.2m | £1.5m | £1.8m | £3.9m |
| Fixed assets | £40.4k | £55.4k | £53.5k | £100k |
| Current assets | £2.5m | £5.4m | £10.1m | £14.1m |
| Debtors | £19.2k | £680k | £299k | £4.4m |
| Deferred income | — | £30k | £20.7k | £424k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 18.8%
- Profit ÷ revenue.
- Gross margin
- 65.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2m
- Revenue ÷ average employees.
- Profit per employee
- £372k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 31.7%
- 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
- ▲113%
- Now £3.9m
- Cash at bank
- ▼10%
- Now £7.2m
- Headcount
- ▲600%
- Now 7
- Deferred income
- ▲1949%
- Now £424k
- Fixed assets
- ▲87%
- Now £100k
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
- Ixxov Limitedultimate parent75–100%
- Cardaq Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (6)
- Aqatin Canada Processing LimitedFigures not disclosed
- Cardaq Singapore LimitedFigures not disclosed
- Halalcash LimitedFigures not disclosed
- Pridepay LimitedFigures not disclosed
- Teido (UK) LimitedFigures not disclosed
- United Space Finance LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 29 Dec 2024 (profit £2.6m), 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.