GC Exchange Limited
Registered name: GC EXCHANGE LIMITED
Part of Gcex Holding Limited groupGC Exchange Limited made £2.8m revenue and a £510k loss in the year to 31 Dec 2025.
GC Exchange Limited’s revenue fell 26% to £2.8m in the year to 31 Dec 2025, with a loss of £510k and 7 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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.
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&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £4.5m | £2.3m | £3.8m | £2.8m |
| Cost of sales | £526k | £700k | £1.5m | £893k |
| Gross profit | £3.9m | £1.6m | £2.2m | £1.9m |
| Operating profit | £1.5m | −£399k | −£245k | −£557k |
| Profit before tax | £1.5m | −£387k | −£233k | −£545k |
| Profit after tax | £1.2m | −£280k | −£173k | −£510k |
| Profit (best available) | £1.2m | −£280k | −£173k | −£510k |
| Staff costs | £460k | £396k | £441k | £613k |
| Employees (average) | 7 | 4 | 5 | 7 |
| Ratios | ||||
| Profit margin | 27.1% | −12.2% | −4.6% | −18.5% |
| Gross margin | 88.2% | 69.5% | 58.9% | 67.7% |
| Revenue per employee | £637k | £574k | £752k | £395k |
| Profit per employee | £173k | −£69.9k | −£34.6k | −£72.9k |
| Cash conversion | 301.8% | — | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼48.5% | ▲63.6% | ▼26.4% |
| Profit growth | — | ▼123.1% | — | — |
| Headcount growth | — | ▼42.9% | ▲25% | ▲40% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £25.4m | £14.4m | £11.1m | £7.6m |
| Net assets | £6.9m | £4.9m | £4.7m | £4.2m |
| Fixed assets | £106k | £256k | £256k | £266k |
| Current assets | £27m | £22m | £27.8m | £18.5m |
| Debtors | £47.9k | £42.8k | £31.8k | £33k |
| Deferred income | £68.4k | £47.1k | £63.1k | £30.7k |
| Cash from operations | £4.5m | −£9.1m | — | — |
| Source | Accounts · bulk data May 2024 | Accounts · bulk data May 2024 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- −18.5%
- Profit ÷ revenue.
- Gross margin
- 67.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £395k
- Revenue ÷ average employees.
- Profit per employee
- −£72.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.2%
- 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
- ▼11%
- Now £4.2m
- Cash at bank
- ▼32%
- Now £7.6m
- Headcount
- ▲40%
- Now 7
- Deferred income
- ▼51%
- Now £30.7k
- Fixed assets
- ▲4%
- Now £266k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Gcex Holding Limitedultimate parent75–100%
- GC Exchange Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- GC Technology LimitedRev. — · Profit −£187k
- Globalblock LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£510k), from the Companies House accounts bulk data published May 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.