How much does Ethixbase UK Limited make?

Ethixbase UK Limited reported revenue of £7m and a loss of £1.6m in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Ethixbase UK Limited have?

Ethixbase UK Limited reported an average of 60 employees in the year to 31 Mar 2025.

Is Ethixbase UK Limited profitable?

No — Ethixbase UK Limited reported a loss of £1.6m in the year to 31 Mar 2025.

Company No. 10651805 · Incorporated 4 Mar 2017

Ethixbase UK Limited

Registered name: ETHIXBASE UK LIMITED

Ethixbase UK Limited made £7m revenue and a £1.6m loss in the year to 31 Mar 2025.

Ethixbase UK Limited’s revenue grew 23% to £7m in the year to 31 Mar 2025, with a loss of £1.6m and 60 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: 9 yrs · since 2017
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-light

Revenue

£7m

Growth ▲23.1%

Profit

−£1.6m

Growth —

Profit margin

−22.8%

Gross 63.5%

Employees

Change ▲5.3%

Profit / employee

−£26.7k

Revenue/employee £117k

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 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£5.6m	£5.7m	£7m
Cost of sales	£757k	£1.7m	−£2.6m
Gross profit	£4.8m	£4m	£4.5m
Operating profit	−£1.8m	−£2m	−£1.2m
Profit before tax	−£1.8m	−£2.1m	−£1.6m
Profit after tax	−£1.8m	−£2.1m	−£1.6m
Profit (best available)	−£1.8m	−£2.1m	−£1.6m
Employees (average)	50	57	60
Ratios
Profit margin	−32.8%	−36.8%	−22.8%
Gross margin	86.4%	69.7%	63.5%
Revenue per employee	£111k	£100k	£117k
Profit per employee	−£36.6k	−£36.8k	−£26.7k
Growth (year on year)
Revenue growth	—	▲2.2%	▲23.1%
Headcount growth	—	▲14%	▲5.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.8m	£478k	—
Net assets	−£1.6m	−£3.7m	—
Fixed assets	£201k	£223k	—
Current assets	£8.7m	£14.5m	—
Debtors	£382k	£612k	—
Deferred income	£806k	£1.6m	—
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	Accounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: −22.8%; Profit ÷ revenue.
Gross margin: 63.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £117k; Revenue ÷ average employees.
Profit per employee: −£26.7k; 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: ▲5%; Now 60
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2025 (profit −£1.6m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 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.