How much does Trilateral Research Ltd make?

Trilateral Research Ltd reported revenue of £2.1m and a loss of £527k in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Trilateral Research Ltd have?

Trilateral Research Ltd reported an average of 73 employees in the year to 31 Mar 2025.

Is Trilateral Research Ltd profitable?

No — Trilateral Research Ltd reported a loss of £527k in the year to 31 Mar 2025.

Company No. 08698690 · Incorporated 20 Sep 2013

Trilateral Research Ltd

Registered name: TRILATERAL RESEARCH LTD

Trilateral Research Ltd made £2.1m revenue and a £527k loss in the year to 31 Mar 2025. read from filing text

Trilateral Research Ltd’s revenue grew 26% to £2.1m in the year to 31 Mar 2025, with a loss of £527k and 73 employees. The company is classified under “other professional, scientific and technical activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: London, London
Age: 13 yrs · since 2013
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 deems Mr. Kush Wadhwa as the ultimate controlling party as he owns 75% or more of the shares in the company.”

Latest accounts · year to 31 Mar 2025

Key figures

Cash flow filed

Revenue

£2.1m

Growth ▲26.4%

Profit

−£527k

Growth —

Profit margin

−25.6%

Employees

Change ▲1.4%

Profit / employee

−£7.2k

Revenue/employee £28.2k

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£2.9m	£1.6m	£2.1m
Operating profit	—	−£40.9k	−£989k	−£729k
Profit before tax	—	−£77.7k	−£1m	−£945k
Profit after tax	—	£203k	−£1m	−£527k
Profit (best available)	—	£203k	−£1m	−£527k
Staff costs	—	£2.3m	£2.1m	£2.2m
Employees (average)	54	70	72	73
Ratios
Profit margin	—	7%	−63%	−25.6%
Revenue per employee	—	£41.5k	£22.6k	£28.2k
Profit per employee	—	£2.9k	−£14.3k	−£7.2k
Growth (year on year)
Revenue growth	—	—	▼44%	▲26.4%
Profit growth	—	—	▼606.3%	—
Headcount growth	—	▲29.6%	▲2.9%	▲1.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£40k	£146k	£228k	£191k
Net assets	£304k	£507k	−£519k	−£646k
Fixed assets	£2.4m	£3.5m	£5.5m	£7.4m
Current assets	£671k	£1.4m	£411k	£1m
Debtors	£136k	£127k	£22.1k	£245k
Deferred income	—	£220k	£382k	£483k
Cash from operations	—	−£3m	−£1.7m	−£2.1m
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: −25.6%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £28.2k; Revenue ÷ average employees.
Profit per employee: −£7.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 357.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 23.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.9%; 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 −£646k
Cash at bank: ▼16%; Now £191k
Headcount: ▲1%; Now 73
Deferred income: ▲26%; Now £483k
Fixed assets: ▲35%; Now £7.4m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£527k), from the Companies House accounts bulk data published Apr 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.