How much does Hyperdrive Innovation Ltd make?

Hyperdrive Innovation Ltd reported revenue of £10.8m and a loss of £630k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Hyperdrive Innovation Ltd have?

Hyperdrive Innovation Ltd reported an average of 52 employees in the year to 31 Dec 2024.

Is Hyperdrive Innovation Ltd profitable?

No — Hyperdrive Innovation Ltd reported a loss of £630k in the year to 31 Dec 2024.

Company No. 07948437 · Incorporated 14 Feb 2012

Hyperdrive Innovation Ltd

Registered name: HYPERDRIVE INNOVATION LTD

Part of Turntide Technologies Inc group

Hyperdrive Innovation Ltd made £10.8m revenue and a £630k loss in the year to 31 Dec 2024. read from filing text

Hyperdrive Innovation Ltd’s revenue fell 28% to £10.8m in the year to 31 Dec 2024, with a loss of £630k and 52 employees. The company is classified under “manufacture of batteries and accumulators” and is based in Gateshead; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 27200Manufacture of batteries and accumulators SIC 29310Manufacture of electrical and electronic equipment for motor vehicles and their engines SIC 74100specialised design activities

Status: Active
Location: Gateshead, North East
Age: 14 yrs · since 2012
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 company's parent undertaking is Hyperdrive Innovation Holdings Limited, a company incorporated in England and Wales.”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£10.8m

Growth ▼28.1%

Profit

−£630k

Growth —

Profit margin

−5.8%

Gross 32.4%

Employees

Change ▼20%

Profit / employee

−£12.1k

Revenue/employee £208k

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 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
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)	£18.6m	£25.8m	£15m	£10.8m
Cost of sales	£14.5m	£19.8m	£11.2m	£7.3m
Gross profit	£4m	£6m	£3.8m	£3.5m
Operating profit	£513k	£545k	−£2.1m	−£1.3m
Profit before tax	£487k	£629k	−£1.9m	−£1.2m
Profit after tax	£478k	£635k	−£888k	−£630k
Profit (best available)	£478k	£635k	−£888k	−£630k
Staff costs	£3.7m	—	—	—
Employees (average)	74	80	65	52
Ratios
Profit margin	2.6%	2.5%	−5.9%	−5.8%
Gross margin	21.8%	23.2%	25.5%	32.4%
Revenue per employee	£251k	£323k	£231k	£208k
Profit per employee	£6.5k	£7.9k	−£13.7k	−£12.1k
Growth (year on year)
Revenue growth	—	▲38.9%	▼41.9%	▼28.1%
Profit growth	—	▲33%	▼239.7%	—
Headcount growth	—	▲8.1%	▼18.8%	▼20%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.9m	£583k	£636k	£53.5k
Net assets	£1.5m	£2.2m	£1.3m	£640k
Fixed assets	£697k	£636k	£497k	£438k
Current assets	£12.7m	£12.7m	£12.5m	£20.7m
Debtors	£2.4m	£3.8m	£1.7m	£1.4m
Deferred income	£3.2m	£917k	£767k	£10.6m
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −5.8%; Profit ÷ revenue.
Gross margin: 32.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £208k; Revenue ÷ average employees.
Profit per employee: −£12.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 98.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.6%; 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: ▼50%; Now £640k
Cash at bank: ▼92%; Now £53.5k
Headcount: ▼20%; Now 52
Deferred income: ▲1286%; Now £10.6m
Fixed assets: ▼12%; Now £438k

Corporate ownership

Group structure

Ownership chain

Turntide Technologies Inc (registered outside the UK register)ultimate parent75–100%
Turntide Transport Limited75–100%
Hyperdrive Innovation Holdings Limited75–100%
Hyperdrive Innovation Ltdthis company

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

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£630k), from the Companies House accounts bulk data published Dec 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.