How much does X1 Media City Limited make?

X1 Media City Limited reported revenue of £48.2m and £2.2m profit in the year to 31 Oct 2023, according to its accounts filed at Companies House.

How many employees does X1 Media City Limited have?

X1 Media City Limited reported an average of 0 employees in the year to 31 Oct 2023.

Is X1 Media City Limited profitable?

Yes — X1 Media City Limited reported a profit of £2.2m in the year to 31 Oct 2023.

Company No. 08617887 · Incorporated 22 Jul 2013

X1 Media City Limited

Registered name: X1 MEDIA CITY LIMITED

X1 Media City Limited made £48.2m revenue and £2.2m profit in the year to 31 Oct 2023.

X1 Media City Limited’s revenue grew 16501% to £48.2m in the year to 31 Oct 2023, with £2.2m profit and 0 employees. The company is classified under “buying and selling of own real estate” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68100Buying and selling of own real estate

Status: In Administration
Location: London, London
Age: 13 yrs · since 2013
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.

Latest accounts · year to 31 Oct 2023

Key figures

IndependentSmall teamCash flow filed

Revenue

£48.2m

Growth ▲16501%

Profit

£2.2m

Growth —

Profit margin

4.5%

Gross 12.1%

Employees

Change —

Profit / employee

—

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2021	31 Oct 2022	31 Oct 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£41.2m	£290k	£48.2m
Cost of sales	£40.6m	£205k	£42.4m
Gross profit	£599k	£85.4k	£5.8m
Operating profit	£469k	£118k	£5.6m
Profit before tax	−£607k	−£2.1m	£2.1m
Profit after tax	−£607k	−£2.1m	£2.2m
Profit (best available)	−£607k	−£2.1m	£2.2m
Employees (average)	0	0	0
Ratios
Profit margin	−1.5%	−729.7%	4.5%
Gross margin	1.5%	29.4%	12.1%
Cash conversion	−7509%	22233%	−302.9%
Growth (year on year)
Revenue growth	—	—	▲16501%
Balance sheet — indirect signals, not revenue
Cash at bank	£270k	£176k	£351k
Net assets	£71.9k	−£2m	£108k
Current assets	£60.6m	£79.8m	£57.5m
Debtors	£38.5m	£0	£282k
Deferred income	£292k	£203k	£416k
Cash from operations	−£35.2m	£26.3m	−£16.9m
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 4.5%; Profit ÷ revenue.
Gross margin: 12.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: −302.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.6%; 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: —; Now £108k
Cash at bank: ▲100%; Now £351k
Headcount: —; Now 0
Deferred income: ▲105%; Now £416k
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2023 (profit £2.2m), from the Companies House accounts bulk data published Jun 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.