How much does Relex Limited make?

Relex Limited reported revenue of £21.6m and £1.8m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Relex Limited have?

Relex Limited reported an average of 141 employees in the year to 31 Dec 2024.

Is Relex Limited profitable?

Yes — Relex Limited reported a profit of £1.8m in the year to 31 Dec 2024.

Company No. 07979321 · Incorporated 7 Mar 2012

Relex Limited

Registered name: RELEX LIMITED

Relex Limited made £21.6m revenue and £1.8m profit in the year to 31 Dec 2024.

Relex Limited’s revenue grew 23% to £21.6m in the year to 31 Dec 2024, with £1.8m profit and 141 employees. The company is classified under “business and domestic software development” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: London, London
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: “Relex Oy (incorporated in Finland) is regarded by the directors as being the company's ultimate parent company. Copies of the parent company accounts are available from Postintaival 7, 00230 Helsinki,”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£21.6m

Growth ▲23.1%

Profit

£1.8m

Growth ▲159.1%

Profit margin

8.1%

Employees

141

Change ▲5.2%

Profit / employee

£12.5k

Revenue/employee £153k

Profitable streak

2yrs

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	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£13.2m	£17.6m	£21.6m
Operating profit	—	−£555k	£778k	£2.3m
Profit before tax	—	−£556k	£787k	£2.3m
Profit after tax	—	−£388k	£678k	£1.8m
Profit (best available)	—	−£388k	£678k	£1.8m
Staff costs	—	£11m	£13.5m	£15.5m
Employees (average)	70	109	134	141
Ratios
Profit margin	—	−2.9%	3.9%	8.1%
Revenue per employee	—	£121k	£131k	£153k
Profit per employee	—	−£3.6k	£5.1k	£12.5k
Cash conversion	—	—	−11%	1%
Growth (year on year)
Revenue growth	—	—	▲33%	▲23.1%
Profit growth	—	—	—	▲159.1%
Headcount growth	—	▲55.7%	▲22.9%	▲5.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£139k	£349k	£445k	£114k
Net assets	£1.4m	£1.6m	£2.6m	£4.7m
Fixed assets	£24.6k	£799k	£633k	£464k
Current assets	£2.6m	£2.2m	£3.9m	£6.3m
Debtors	£2.5m	£1.9m	£3.5m	£6.2m
Cash from operations	—	−£1.1m	−£85.9k	£23.1k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 8.1%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £153k; Revenue ÷ average employees.
Profit per employee: £12.5k; Profit ÷ average employees.
Cash conversion: 1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 28.7%; 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: ▲78%; Now £4.7m
Cash at bank: ▼74%; Now £114k
Headcount: ▲5%; Now 141
Deferred income: —; Now —
Fixed assets: ▼27%; Now £464k

Corporate ownership

Group structure

Subsidiaries (1)

Relex Solutions UK LimitedRev. — · Profit £1.4m

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 2024 (profit £1.8m), from the Companies House accounts bulk data published Feb 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.