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Company No. 09831554 · Incorporated 19 Oct 2015

Electric Square Limited

Registered name: ELECTRIC SQUARE LIMITED

Part of Houting Topco UK Limited group

Electric Square Limited made £30.2m revenue and a £563k loss in the year to 31 Dec 2025. read from filing text

Electric Square Limited’s revenue fell 13% to £30.2m in the year to 31 Dec 2025, with a loss of £563k and 180 employees. The company is classified under “ready-made interactive leisure and entertainment software development” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62011Ready-made interactive leisure and entertainment software development
Status
Active
Location
London, London
Age
10 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 undertaking is Keywords UK Holdings Limited, a company incorporated in England & Wales. Its registered office address is”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light
Revenue
£30.2m
Growth ▼12.8%
Profit
−£563k
Growth ▼134.2%
Profit margin
−1.9%
Gross 22.1%
Employees
180
Change ▼8.2%
Profit / employee
−£3.1k
Revenue/employee £168k
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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureProfit onlyFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)—£31.9m£34.6m£30.2m
Cost of sales£14.2m£21.5m£27m£23.5m
Gross profit—£6m£7.6m£6.7m
Operating profit—£924k−£442k−£2.3m
Profit before tax—£3.5m£409k−£1.1m
Profit after tax£1.8m£3m£1.6m−£563k
Profit (best available)£1.8m£3m£1.6m−£563k
Staff costs£8.2m£12.4m£13.5m£12.7m
Employees (average)175182196180
Ratios
Profit margin—9.5%4.8%−1.9%
Gross margin—18.7%22%22.1%
Revenue per employee—£176k£177k£168k
Profit per employee£10.1k£16.7k£8.4k−£3.1k
Growth (year on year)
Revenue growth——▲8.3%▼12.8%
Profit growth—▲71.8%▼46%▼134.2%
Headcount growth—▲4%▲7.7%▼8.2%
Balance sheet — indirect signals, not revenue
Cash at bank£3.1k£0——
Net assets£3.9m£2.8m£2.4m£852k
Fixed assets£721k£1.1m£969k£709k
Current assets£7.9m£6m£7m£5.4m
Debtors£2.8m£3.1m£2.2m£1.3m
Deferred income£1.3m£2.1m£0£75.5k
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Aug 2025FullAccounts · bulk data Aug 2026
Derived from the latest filing

How the business works

Profit margin
−1.9%
Profit ÷ revenue.
Gross margin
22.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£168k
Revenue ÷ average employees.
Profit per employee
−£3.1k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
2.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.3%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
4.3%
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
▼65%
Now £852k
Cash at bank
—
Now —
Headcount
▼8%
Now 180
Deferred income
—
Now £75.5k
Fixed assets
▼27%
Now £709k
Corporate ownership

Group structure

Ownership chain

  1. Houting Topco UK Limitedultimate parent75–100%
  2. Houting Midco Limited75–100%
  3. Houting UK Limited75–100%
  4. Keywords Studios Limited75–100%
  5. Keywords UK Holdings Limited75–100%
  6. Electric Square Limitedthis company

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

Subsidiaries (1)

Sister companies (19)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£563k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.