How much does Steeleye Limited make?

Steeleye Limited reported revenue of £12.2m and a loss of £6.3m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Steeleye Limited have?

Steeleye Limited reported an average of 90 employees in the year to 31 Dec 2025.

Is Steeleye Limited profitable?

No — Steeleye Limited reported a loss of £6.3m in the year to 31 Dec 2025.

Company No. 10581067 · Incorporated 24 Jan 2017

Steeleye Limited

Registered name: STEELEYE LIMITED

Part of Rio Group Topco Limited group

Steeleye Limited made £12.2m revenue and a £6.3m loss in the year to 31 Dec 2025.

Steeleye Limited’s revenue grew 43% to £12.2m in the year to 31 Dec 2025, with a loss of £6.3m and 90 employees. The company is classified under “business and domestic software development” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: London, London
Age: 9 yrs · since 2017
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.

Latest accounts · year to 31 Dec 2025

Key figures

Doing more with less

Revenue

£12.2m

Growth ▲43.3%

Profit

−£6.3m

Growth —

Profit margin

−51.7%

Gross 81.1%

Employees

Change ▼1.1%

Profit / employee

−£70.1k

Revenue/employee £136k

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 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.5m	£8.5m	£12.2m
Cost of sales	−£2.3m	−£2.6m	−£2.3m
Gross profit	£4.2m	£6m	£9.9m
Operating profit	−£8m	−£6m	−£6.3m
Profit before tax	−£7.8m	−£6m	−£6.3m
Profit after tax	−£7.4m	−£5.6m	−£6.3m
Profit (best available)	−£7.4m	−£5.6m	−£6.3m
Employees (average)	97	91	90
Ratios
Profit margin	−113.5%	−66.3%	−51.7%
Gross margin	63.9%	70%	81.1%
Revenue per employee	£67.1k	£93.6k	£136k
Profit per employee	−£76.1k	−£62.1k	−£70.1k
Growth (year on year)
Revenue growth	—	▲30.9%	▲43.3%
Headcount growth	—	▼6.2%	▼1.1%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Oct 2025	Accounts · bulk data Oct 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −51.7%; Profit ÷ revenue.
Gross margin: 81.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £136k; Revenue ÷ average employees.
Profit per employee: −£70.1k; 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.

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: —; Now —
Cash at bank: —; Now —
Headcount: ▼1%; Now 90
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Rio Group Topco Limitedultimate parent75–100%
Rio Group Midco Limited75–100%
Rio Group Bidco Limited75–100%
Falcon Group Bidco Limited75–100%
Steeleye 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 accounts for the year to 31 Dec 2025 (profit −£6.3m), from the Companies House accounts bulk data published Sep 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.