Crypto Research Ltd
Registered name: CRYPTO RESEARCH LTD
Crypto Research Ltd made £14.6m revenue and £9.7m profit in the year to 31 Dec 2025.
Crypto Research Ltd’s revenue grew 75% to £14.6m in the year to 31 Dec 2025, with £9.7m profit. The company is classified under “other 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
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £8.3m | £14.6m |
| Cost of sales | £2.9m | £932k | £1.4m | −£2.3m |
| Gross profit | — | — | £6.9m | £12.2m |
| Operating profit | — | — | −£3.3m | −£13.8m |
| Profit before tax | — | — | £15.8m | £13m |
| Profit after tax | −£89k | −£44.2k | £14.6m | £9.7m |
| Profit (best available) | −£89k | −£44.2k | £14.6m | £9.7m |
| Staff costs | £0 | £0 | £0 | — |
| Employees (average) | 1 | 1 | 1 | — |
| Ratios | ||||
| Profit margin | — | — | 175.5% | 66.5% |
| Gross margin | — | — | 83% | 84% |
| Revenue per employee | — | — | £8.3m | — |
| Profit per employee | −£89k | −£44.2k | £14.6m | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲75.3% |
| Profit growth | — | — | — | ▼33.5% |
| Headcount growth | — | 0% | 0% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £263k | £161k | £2.4m | — |
| Net assets | — | £7.3m | £47m | — |
| Fixed assets | £19.6k | £3.1k | £147k | — |
| Current assets | £927k | £583k | £15.2m | — |
| Debtors | £0 | £0 | £0 | — |
| Deferred income | £50.8k | £34.2k | £57.7k | — |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Aug 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 66.5%
- Profit ÷ revenue.
- Gross margin
- 84%
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (2)
- CF Benchmarks LtdRev. £14.5m · Profit £5.3m
- Crypto Facilities LtdRev. £50.7k · Profit £4.4m
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £9.7m), from the Companies House accounts bulk data published Aug 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.