Icr (Holdings) 1 Limited
Registered name: ICR (HOLDINGS) 1 LIMITED
Part of Graphite Capital Management LLP groupIcr (Holdings) 1 Limited made £36.7m revenue and £1.3m profit in the year to 31 May 2025.
Icr (Holdings) 1 Limited’s revenue fell 15% to £36.7m in the year to 31 May 2025, with £1.3m profit. The company is classified under “activities of head offices” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 7 yrs · since 2019
- 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 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £41.7m | £43m | £36.7m |
| Cost of sales | −£21.2m | −£22m | −£18m |
| Gross profit | £20.5m | £21m | £18.6m |
| Operating profit | −£1.6m | −£2.6m | £1.4m |
| Profit before tax | −£4.7m | −£6m | £1.1m |
| Profit after tax | −£5.9m | −£6.4m | £1.3m |
| Profit (best available) | −£5.9m | −£6.4m | £1.3m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | −14.2% | −14.9% | 3.5% |
| Gross margin | 49.1% | 48.8% | 50.8% |
| Growth (year on year) | |||
| Revenue growth | — | ▲3% | ▼14.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 3.5%
- Profit ÷ revenue.
- Gross margin
- 50.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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.
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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Graphite Capital Management LLPultimate parent75–100%
- Graphite Capital General Partner VIII LLP75–100%
- Icr (Holdings) 1 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Icr Integrity (Holdings) LimitedFigures not disclosed
Sister companies (1)
- Christopher Topco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 May 2025 (profit £1.3m), from the Companies House accounts bulk data published Jan 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.