How much does Truelayer Limited make?

Truelayer Limited reported revenue of £17.6m and a loss of £41.3m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Truelayer Limited have?

Truelayer Limited reported an average of 248 employees in the year to 31 Dec 2024.

Is Truelayer Limited profitable?

No — Truelayer Limited reported a loss of £41.3m in the year to 31 Dec 2024.

Company No. 10278251 · Incorporated 14 Jul 2016

Truelayer Limited

Registered name: TRUELAYER LIMITED

Truelayer Limited made £17.6m revenue and a £41.3m loss in the year to 31 Dec 2024. read from filing text

Truelayer Limited’s revenue grew 47% to £17.6m in the year to 31 Dec 2024, with a loss of £41.3m and 248 employees. The company is classified under “other information technology service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: London, London
Age: 10 yrs · since 2016
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 company is a wholly owned subsidiary of Truelayer (Jersey) Limited, a company incorporated in Jersey whose registered office address is 22 Grenville Street, St Helier, Jersey JE4 8PX.”

Latest accounts · year to 31 Dec 2024

Key figures

Doing more with less

Revenue

£17.6m

Growth ▲47.3%

Profit

−£41.3m

Growth —

Profit margin

−234.1%

Gross 82.5%

Employees

248

Change ▼22.7%

Profit / employee

−£166k

Revenue/employee £71.1k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£4.8m	£12m	£17.6m
Cost of sales	£1m	£1.8m	£3.1m
Gross profit	£3.8m	£10.2m	£14.6m
Operating profit	−£60.6m	−£53.5m	−£43.2m
Profit before tax	−£60.5m	−£52.9m	−£42.7m
Profit after tax	−£59.6m	−£52.4m	−£41.3m
Profit (best available)	−£59.6m	−£52.4m	−£41.3m
Staff costs	£42.1m	£40.8m	—
Employees (average)	413	321	248
Ratios
Profit margin	−1238%	−437.7%	−234.1%
Gross margin	79.1%	84.8%	82.5%
Revenue per employee	£11.7k	£37.3k	£71.1k
Profit per employee	−£144k	−£163k	−£166k
Growth (year on year)
Revenue growth	—	▲148.7%	▲47.3%
Headcount growth	—	▼22.3%	▼22.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£25.7m	£17.5m	£15m
Net assets	£28m	£22.5m	£19.4m
Fixed assets	£1.1m	£4.3m	£3.6m
Current assets	£32.8m	£26.3m	£22.9m
Debtors	£545k	£842k	£1.9m
Deferred income	£1.3m	£2.4m	£4.8m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −234.1%; Profit ÷ revenue.
Gross margin: 82.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £71.1k; Revenue ÷ average employees.
Profit per employee: −£166k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 20.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 27%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11%; 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: ▼14%; Now £19.4m
Cash at bank: ▼14%; Now £15m
Headcount: ▼23%; Now 248
Deferred income: ▲102%; Now £4.8m
Fixed assets: ▼14%; Now £3.6m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£41.3m), from the Companies House accounts bulk data published Sep 2025. 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.