Expedition Growth Capital Ltd
Registered name: EXPEDITION GROWTH CAPITAL LTD
Expedition Growth Capital Ltd made £9.2m revenue and £1.8m profit in the year to 31 Mar 2026.
Expedition Growth Capital Ltd’s revenue grew 19% to £9.2m in the year to 31 Mar 2026, with £1.8m profit and 22 employees. The company is classified under “activities of venture and development capital companies” and is based in London; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 6 yrs · since 2020
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £3.6m | £4.2m | £8.5m | £7.8m | £9.2m |
| Cost of sales | £29.8k | £121k | £614k | £700k | £702k |
| Gross profit | £3.5m | £4m | £7.8m | £7.1m | £8.5m |
| Operating profit | £1.6m | £806k | £3.5m | £1.1m | £2.1m |
| Profit before tax | £1.6m | £806k | £3.5m | £1.1m | £2.1m |
| Profit after tax | £1.1m | £727k | £2.1m | £340k | £1.8m |
| Profit (best available) | £1.1m | £727k | £2.1m | £340k | £1.8m |
| Staff costs | £1.6m | £2.3m | £3.2m | £4.6m | £5.3m |
| Employees (average) | 8 | 14 | 16 | 17 | 22 |
| Ratios | |||||
| Profit margin | 31.6% | 17.5% | 24.9% | 4.4% | 19.1% |
| Gross margin | 99.2% | 97.1% | 92.8% | 91% | 92.4% |
| Revenue per employee | £447k | £297k | £529k | £456k | £419k |
| Profit per employee | £141k | £51.9k | £132k | £20k | £80.1k |
| Cash conversion | 122% | 37.9% | 22.3% | 269% | −12% |
| Growth (year on year) | |||||
| Revenue growth | — | ▲16.2% | ▲103.5% | ▼8.4% | ▲19.1% |
| Profit growth | — | ▼35.6% | ▲189.5% | ▼83.9% | ▲418.2% |
| Headcount growth | — | ▲75% | ▲14.3% | ▲6.3% | ▲29.4% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £481k | £488k | £1.4m | £3m | £2.6m |
| Net assets | £1.2m | £2m | £4.1m | £4.4m | £5.7m |
| Fixed assets | £240k | £284k | £216k | £154k | £86.9k |
| Current assets | £1.8m | £2.3m | £5m | £6.5m | £8m |
| Debtors | £105k | £82.4k | £27.5k | £91.1k | £198k |
| Deferred income | — | — | — | £909k | — |
| Cash from operations | £1.9m | £306k | £787k | £2.9m | −£249k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 19.1%
- Profit ÷ revenue.
- Gross margin
- 92.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £419k
- Revenue ÷ average employees.
- Profit per employee
- £80.1k
- Profit ÷ average employees.
- Cash conversion
- −12%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.1%
- 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
- ▲31%
- Now £5.7m
- Cash at bank
- ▼14%
- Now £2.6m
- Headcount
- ▲29%
- Now 22
- Deferred income
- —
- Now —
- Fixed assets
- ▼44%
- Now £86.9k
Group structure
Subsidiaries (1)
- Expedition Operations LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £1.8m), from the Companies House accounts bulk data published Jul 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.