The True Economist Ltd
Registered name: THE TRUE ECONOMIST LTD
The True Economist Ltd made £3.8m revenue and £40.6k profit in the year to 31 Aug 2025.
The True Economist Ltd’s revenue fell 8% to £3.8m in the year to 31 Aug 2025, with £40.6k profit and 20 employees. The company is classified under “management consultancy activities other than financial management” and is based in Hatfield; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Hatfield, East of England
- Age
- 11 yrs · since 2015
- 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 Aug 2022 | 31 Aug 2023 | 31 Aug 2024 | 31 Aug 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £9.3m | £9.7m | £4.2m | £3.8m |
| Cost of sales | £14.2k | £35.1k | £51.4k | £157k |
| Gross profit | £9.3m | £9.7m | £4.1m | £3.6m |
| Operating profit | £62.7k | £33.9k | £36.1k | £50.1k |
| Profit before tax | £62.7k | £33.9k | £34.9k | £50.1k |
| Profit after tax | £50.8k | £26k | £28.3k | £40.6k |
| Profit (best available) | £50.8k | £26k | £28.3k | £40.6k |
| Employees (average) | 22 | 31 | 10 | 20 |
| Ratios | ||||
| Profit margin | 0.5% | 0.3% | 0.7% | 1.1% |
| Gross margin | 99.9% | 99.6% | 98.8% | 95.9% |
| Revenue per employee | £425k | £314k | £415k | £190k |
| Profit per employee | £2.3k | £838 | £2.8k | £2k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲4.3% | ▼57.4% | ▼8.3% |
| Profit growth | — | ▼48.9% | ▲8.9% | ▲43.5% |
| Headcount growth | — | ▲40.9% | ▼67.7% | ▲100% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £72.9k | £128k | £14.8k | £225k |
| Net assets | £50.8k | £76.8k | £113k | £81.9k |
| Current assets | £72.9k | £128k | £138k | £225k |
| Debtors | — | — | £123k | — |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 1.1%
- Profit ÷ revenue.
- Gross margin
- 95.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £190k
- Revenue ÷ average employees.
- Profit per employee
- £2k
- 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
- ▼27%
- Now £81.9k
- Cash at bank
- ▲1417%
- Now £225k
- Headcount
- ▲100%
- Now 20
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
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Sources
Latest figures from FullAccounts for the year to 31 Aug 2025 (profit £40.6k), from the Companies House accounts bulk data published May 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.