How much does Icon Unit 2 Propco Limited make?

Icon Unit 2 Propco Limited reported revenue of £3.3m and a loss of £689k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Icon Unit 2 Propco Limited have?

Icon Unit 2 Propco Limited reported an average of 2 employees in the year to 31 Dec 2025.

Is Icon Unit 2 Propco Limited profitable?

No — Icon Unit 2 Propco Limited reported a loss of £689k in the year to 31 Dec 2025.

Company No. 12526740 · Incorporated 19 Mar 2020

Icon Unit 2 Propco Limited

Registered name: ICON UNIT 2 PROPCO LIMITED

Part of Icon 2 Holdco Limited group

Icon Unit 2 Propco Limited made £3.3m revenue and a £689k loss in the year to 31 Dec 2025.

Icon Unit 2 Propco Limited’s revenue fell 1% to £3.3m in the year to 31 Dec 2025, with a loss of £689k and 2 employees. The company is classified under “other letting and operating of own or leased real estate” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68209Other letting and operating of own or leased real estate

Status: Active
Location: London, London
Age: 6 yrs · since 2020
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

Small team

Revenue

£3.3m

Growth ▼0.9%

Profit

−£689k

Growth —

Profit margin

−21%

Gross 100%

Employees

Change 0%

Profit / employee

−£345k

Revenue/employee £1.6m

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
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)	£3.2m	£3.5m	£3.3m	£3.3m
Gross profit	£3.2m	£3.5m	£3.3m	£3.3m
Operating profit	£2.2m	£2.4m	£2.4m	£2.2m
Profit before tax	−£217k	−£168k	−£293k	−£872k
Profit after tax	−£339k	−£46.8k	−£951k	−£689k
Profit (best available)	−£339k	−£46.8k	−£951k	−£689k
Employees (average)	2	2	2	2
Ratios
Profit margin	−10.7%	−1.4%	−28.7%	−21%
Gross margin	100%	100%	100%	100%
Revenue per employee	£1.6m	£1.7m	£1.7m	£1.6m
Profit per employee	−£169k	−£23.4k	−£475k	−£345k
Growth (year on year)
Revenue growth	—	▲8.9%	▼4.3%	▼0.9%
Headcount growth	—	0%	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	—	—	£0	£9.3k
Net assets	−£1.4m	−£1.5m	−£2.4m	−£3.1m
Debtors	£953k	£958k	£953k	£1.1m
Deferred income	£1.5m	£1.5m	£848k	£911k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: −21%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.6m; Revenue ÷ average employees.
Profit per employee: −£345k; 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: 27.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 32.2%; 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 −£3.1m
Cash at bank: —; Now £9.3k
Headcount: 0%; Now 2
Deferred income: ▲7%; Now £911k
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Icon 2 Holdco Limitedultimate parent75–100%
Icon Unit 2 Propco 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).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£689k), 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.