Exel Search Ltd
Registered name: EXEL SEARCH LTD
Exel Search Ltd made £20.2k revenue and a £3.4k loss in the year to 31 May 2025.
Exel Search Ltd’s revenue fell 68% to £20.2k in the year to 31 May 2025, with a loss of £3.4k and 0 employees. The company is classified under “other information technology service activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 12 yrs · since 2014
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £265k | £63.3k | £20.2k |
| Profit after tax | — | −£35 | −£1.5k | −£3.4k |
| Profit (best available) | — | −£35 | −£1.5k | −£3.4k |
| Staff costs | — | £233k | £34k | £1.6k |
| Employees (average) | 0 | 0 | 1 | 0 |
| Ratios | ||||
| Profit margin | — | 0% | −2.4% | −16.8% |
| Revenue per employee | — | — | £63.3k | — |
| Profit per employee | — | — | −£1.5k | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼76.1% | ▼68.2% |
| Headcount growth | — | — | — | ▼100% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £34.3k | £34.5k | £46.5k | £43.2k |
| Current assets | £124k | £108k | £82.2k | £82.7k |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- −16.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- ▼7%
- Now £43.2k
- Cash at bank
- —
- Now —
- Headcount
- ▼100%
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit −£3.4k), 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.