Ripple Markets UK Ltd
Registered name: RIPPLE MARKETS UK LTD
Ripple Markets UK Ltd made £99.9m revenue and £23m profit in the year to 31 Dec 2025.
Ripple Markets UK Ltd’s revenue grew 83% to £99.9m in the year to 31 Dec 2025, with £23m profit. The company is classified under “business and domestic software development” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 10 yrs · since 2016
- 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 | Full P&Lread from filing text | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £23.6m | £53.5m | £54.6m | £99.9m |
| Operating profit | £1.3m | £2.8m | £3.5m | £30.7m |
| Profit before tax | £1.3m | £2.8m | £3.2m | £30.7m |
| Profit after tax | £660k | £2.8m | £2.2m | £23m |
| Profit (best available) | £660k | £2.8m | £2.2m | £23m |
| Staff costs | £16.5m | £43.9m | — | — |
| Employees (average) | 71 | 97 | — | — |
| Ratios | ||||
| Profit margin | 2.8% | 5.3% | 4.1% | 23.1% |
| Revenue per employee | £333k | £552k | — | — |
| Profit per employee | £9.3k | £29.1k | — | — |
| Cash conversion | −372.2% | — | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲126.8% | ▲1.9% | ▲83.1% |
| Profit growth | — | ▲328.3% | ▼21% | ▲932.1% |
| Headcount growth | — | ▲36.6% | — | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £5m | £1.9m | — | — |
| Net assets | £7.2m | £29m | — | — |
| Fixed assets | £1.3m | £1.1m | — | — |
| Current assets | £15.4m | £47.1m | — | — |
| Debtors | £22.2k | £0 | — | — |
| Deferred income | £3.3m | £3.9m | — | — |
| Cash from operations | −£4.7m | — | — | — |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | Accounts · bulk data Jan 2026 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 23.1%
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
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- Staff
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £23m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 12 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.