How much does Cex.io Ltd make?

Cex.io Ltd reported revenue of £10m and a loss of £619k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Cex.io Ltd have?

Cex.io Ltd reported an average of 7 employees in the year to 31 Dec 2024.

Is Cex.io Ltd profitable?

No — Cex.io Ltd reported a loss of £619k in the year to 31 Dec 2024.

Company No. 08757996 · Incorporated 1 Nov 2013

Cex.io Ltd

Registered name: CEX.IO LTD

Cex.io Ltd made £10m revenue and a £619k loss in the year to 31 Dec 2024.

Cex.io Ltd’s revenue fell 6% to £10m in the year to 31 Dec 2024, with a loss of £619k and 7 employees. The company is classified under “business and domestic software development” and is based in London; we hold 3 years of its filed accounts.

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

Status: Active
Location: London, London
Age: 12 yrs · since 2013
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentSmall teamCash flow filed

Revenue

£10m

Growth ▼6.2%

Profit

−£619k

Growth —

Profit margin

−6.2%

Gross 10.9%

Employees

Change ▼46.2%

Profit / employee

−£88.5k

Revenue/employee £1.4m

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.9m	£10.6m	£10m
Cost of sales	£13.2m	£10.4m	£8.9m
Gross profit	−£2.2m	£266k	£1.1m
Operating profit	−£12.3m	−£757k	−£460k
Profit before tax	−£12.3m	−£944k	−£619k
Profit after tax	−£11.5m	−£964k	−£619k
Profit (best available)	−£11.5m	−£964k	−£619k
Staff costs	—	£1.3m	£772k
Employees (average)	16	13	7
Ratios
Profit margin	−105.5%	−9.1%	−6.2%
Gross margin	−20.4%	2.5%	10.9%
Revenue per employee	£683k	£817k	£1.4m
Profit per employee	−£720k	−£74.1k	−£88.5k
Growth (year on year)
Revenue growth	—	▼2.7%	▼6.2%
Headcount growth	—	▼18.8%	▼46.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£594k	£6.2m	£6.8m
Net assets	£7.1m	£6.1m	£10.4m
Fixed assets	£995k	£1.7m	£1.5m
Current assets	£12.8m	£14.3m	£13.8m
Debtors	£20.9k	£23.3k	£125k
Cash from operations	—	−£738k	£2.7m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −6.2%; Profit ÷ revenue.
Gross margin: 10.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.4m; Revenue ÷ average employees.
Profit per employee: −£88.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.3%; 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: ▲69%; Now £10.4m
Cash at bank: ▲10%; Now £6.8m
Headcount: ▼46%; Now 7
Deferred income: —; Now —
Fixed assets: ▼11%; Now £1.5m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£619k), 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.