How much does I&c Limited make?

I&c Limited reported revenue of £36.9m and £3.7m profit in the year to 31 Jul 2025, according to its accounts filed at Companies House.

How many employees does I&c Limited have?

I&c Limited reported an average of 63 employees in the year to 31 Jul 2025.

Is I&c Limited profitable?

Yes — I&c Limited reported a profit of £3.7m in the year to 31 Jul 2025.

Company No. 09614875 · Incorporated 29 May 2015

I&c Limited

Registered name: I&C LIMITED

Part of Ancora Investco Limited group

I&c Limited made £36.9m revenue and £3.7m profit in the year to 31 Jul 2025. read from filing text

I&c Limited’s revenue grew 151% to £36.9m in the year to 31 Jul 2025, with £3.7m profit and 63 employees. The company is classified under “other specialised construction activities” and is based in Dawlish; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.

Status: Active
Location: Dawlish, South West
Age: 11 yrs · since 2015
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate parent is I&C Holdings Limited, a company registered and incorporated in England and Wales.”

Latest accounts · year to 31 Jul 2025

Key figures

Operating leverageBoring industry

Revenue

£36.9m

Growth ▲151.3%

Profit

£3.7m

Growth ▲181.3%

Profit margin

10%

Gross 27.1%

Employees

Change ▲18.9%

Profit / employee

£58.8k

Revenue/employee £586k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jul 2022	31 Jul 2023	31 Jul 2024	31 Jul 2025
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£28.3m	£14.7m	£36.9m
Cost of sales	—	£20.5m	£9.2m	£26.9m
Gross profit	—	£7.8m	£5.5m	£10m
Operating profit	—	£4.7m	£1.7m	£5.4m
Profit before tax	—	£3.8m	£1.1m	£4.7m
Profit after tax	—	£2.6m	£1.3m	£3.7m
Profit (best available)	—	£2.6m	£1.3m	£3.7m
Staff costs	—	£3.5m	£3.5m	£4.5m
Employees (average)	39	54	53	63
Ratios
Profit margin	—	9.3%	9%	10%
Gross margin	—	27.6%	37.5%	27.1%
Revenue per employee	—	£523k	£277k	£586k
Profit per employee	—	£48.7k	£24.8k	£58.8k
Growth (year on year)
Revenue growth	—	—	▼48%	▲151.3%
Profit growth	—	—	▼50%	▲181.3%
Headcount growth	—	▲38.5%	▼1.8%	▲18.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£164k	£872k	£163k	£529k
Net assets	—	£3.2m	£7.3m	£8.8m
Fixed assets	£12.3m	£10.9m	£14.1m	£14.9m
Current assets	—	£7.5m	£4.7m	£8.5m
Debtors	£2.4m	£5.2m	£2.4m	£3.6m
Deferred income	—	£1.8m	£1.7m	£2.3m
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 10%; Profit ÷ revenue.
Gross margin: 27.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £586k; Revenue ÷ average employees.
Profit per employee: £58.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 40.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.8%; 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: ▲19%; Now £8.8m
Cash at bank: ▲225%; Now £529k
Headcount: ▲19%; Now 63
Deferred income: ▲31%; Now £2.3m
Fixed assets: ▲6%; Now £14.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Ancora Investco Limitedultimate parent75–100%
Ancora Holdco Limited75–100%
Ancora Midco Limited75–100%
Ancora Buyer Limited75–100%
R7M Group Holdings Limited75–100%
I&c Group Holdings Limited75–100%
I&c Holdings Limited75–100%
I&c Limitedthis company

Bands show the share of ownership each company holds in the one below it.

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £3.7m), 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.