How much does Pax2pay Ltd make?

Pax2pay Ltd reported revenue of £20m and £2.4m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Pax2pay Ltd have?

Pax2pay Ltd reported an average of 16 employees in the year to 31 Dec 2025.

Is Pax2pay Ltd profitable?

Yes — Pax2pay Ltd reported a profit of £2.4m in the year to 31 Dec 2025.

Company No. 11747127 · Incorporated 2 Jan 2019

Pax2pay Ltd

Registered name: PAX2PAY LTD

Pax2pay Ltd made £20m revenue and £2.4m profit in the year to 31 Dec 2025.

Pax2pay Ltd’s revenue grew 5% to £20m in the year to 31 Dec 2025, with £2.4m profit and 16 employees. The company is classified under “business and domestic software development” and is based in Bristol; we hold 5 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 96090Other service activities n.e.c.

Status: Active
Location: Bristol, South West
Age: 7 yrs · since 2019
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 immediate parent undertaking is Pax2Pay AB. The name of the ultimate parent company is Paxport Group AB, a company incorporated in Sweden, whose principal place of business and registered office i”

Latest accounts · year to 31 Dec 2025

Key figures

Operating leverageCash flow filed

Revenue

£20m

Growth ▲4.6%

Profit

£2.4m

Growth ▲14.1%

Profit margin

11.9%

Gross 24.2%

Employees

Change ▲23.1%

Profit / employee

£149k

Revenue/employee £1.2m

Profitable streak

5yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	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	Full P&L
Profit & loss
Revenue (turnover)	£2.2m	£11.2m	£17.6m	£19.1m	£20m
Cost of sales	£995k	£8.5m	£13.4m	£14.2m	£15.2m
Gross profit	£1.2m	£2.7m	£4.2m	£4.9m	£4.8m
Operating profit	£756k	£1.8m	£2.6m	£2.8m	£3.2m
Profit before tax	£756k	£1.8m	£2.6m	£2.8m	£3.2m
Profit after tax	£720k	£1.4m	£2m	£2.1m	£2.4m
Profit (best available)	£720k	£1.4m	£2m	£2.1m	£2.4m
Staff costs	£335k	£551k	£937k	£1.1m	£1.2m
Employees (average)	5	6	9	13	16
Ratios
Profit margin	33.3%	12.4%	11.3%	10.9%	11.9%
Gross margin	54%	23.9%	23.9%	25.9%	24.2%
Revenue per employee	£433k	£1.9m	£2m	£1.5m	£1.2m
Profit per employee	£144k	£232k	£221k	£161k	£149k
Cash conversion	60.6%	194.1%	27%	90.5%	124.3%
Growth (year on year)
Revenue growth	—	▲417.6%	▲57.5%	▲8.3%	▲4.6%
Profit growth	—	▲93.4%	▲43.1%	▲4.8%	▲14.1%
Headcount growth	—	▲20%	▲50%	▲44.4%	▲23.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£454k	£1.9m	£493k	£390k	£935k
Net assets	£1.1m	£527k	£757k	£844k	£525k
Current assets	£2.1m	£5.4m	£5.8m	£6m	£6.3m
Debtors	£38.8k	£348k	£557k	£770k	£338k
Cash from operations	£458k	£3.4m	£710k	£2.5m	£4m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 11.9%; Profit ÷ revenue.
Gross margin: 24.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.2m; Revenue ÷ average employees.
Profit per employee: £149k; Profit ÷ average employees.
Cash conversion: 124.3%; 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: 1.7%; 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: ▼38%; Now £525k
Cash at bank: ▲140%; Now £935k
Headcount: ▲23%; Now 16
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £2.4m), from the Companies House accounts bulk data published Aug 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.