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Company No. 08786791 · Incorporated 22 Nov 2013

International Connections Group Ltd

Registered name: INTERNATIONAL CONNECTIONS GROUP LTD

International Connections Group Ltd made £15.6m revenue and a £3.1m loss in the year to 31 Dec 2023.

International Connections Group Ltd’s revenue grew 38% to £15.6m in the year to 31 Dec 2023, with a loss of £3.1m and 139 employees. The company is classified under “advertising agencies” and is based in Blackpool; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 73110Advertising agencies
Status
Active
Location
Blackpool, North West
Age
12 yrs · since 2013
Type
Private Limited Company
Latest accounts · year to 31 Dec 2023

Key figures

IndependentCapital-lightCash flow filed
Revenue
£15.6m
Growth ▲37.5%
Profit
−£3.1m
Growth ▼748.1%
Profit margin
−19.8%
Gross 56.1%
Employees
139
Change ▲47.9%
Profit / employee
−£22.2k
Revenue/employee £112k
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 to31 Dec 202131 Dec 202231 Dec 2023
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£7m£11.3m£15.6m
Cost of sales£3.3m£5.3m£6.8m
Gross profit£3.8m£6m£8.7m
Operating profit£206k£856k£610k
Profit before tax−£177k£424k−£1.4k
Profit after tax−£242k£476k−£3.1m
Profit (best available)−£242k£476k−£3.1m
Staff costs—£3.3m£5.4m
Employees (average)5694139
Ratios
Profit margin−3.4%4.2%−19.8%
Gross margin53.4%52.9%56.1%
Revenue per employee£126k£121k£112k
Profit per employee−£4.3k£5.1k−£22.2k
Cash conversion—9%−178.9%
Growth (year on year)
Revenue growth—▲61%▲37.5%
Profit growth——▼748.1%
Headcount growth—▲67.9%▲47.9%
Balance sheet — indirect signals, not revenue
Cash at bank£574k£211k£210k
Net assets−£5.6m−£5m−£10.8m
Fixed assets£965k£1.2m£232k
Current assets£3.5m£4.3m£4.6m
Debtors£130k£98.3k£638k
Cash from operations—£76.7k−£1.1m
SourceAccounts · bulk data Jan 2024Accounts · bulk data Jan 2024FullAccounts · bulk data May 2025
Derived from the latest filing

How the business works

Profit margin
−19.8%
Profit ÷ revenue.
Gross margin
56.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£112k
Revenue ÷ average employees.
Profit per employee
−£22.2k
Profit ÷ average employees.
Cash conversion
−178.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
1.5%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
4.1%
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 −£10.8m
Cash at bank
▼0%
Now £210k
Headcount
▲48%
Now 139
Deferred income
—
Now —
Fixed assets
▼80%
Now £232k
Corporate ownership

Group structure

Subsidiaries (8)

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£3.1m), from the Companies House accounts bulk data published May 2025. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.