How much does Ptarmigan Capital Limited make?

Ptarmigan Capital Limited reported revenue of £639k and a loss of £46.8k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Ptarmigan Capital Limited have?

Ptarmigan Capital Limited reported an average of 7 employees in the year to 31 Dec 2025.

Is Ptarmigan Capital Limited profitable?

No — Ptarmigan Capital Limited reported a loss of £46.8k in the year to 31 Dec 2025.

Company No. 12715470 · Incorporated 2 Jul 2020

Ptarmigan Capital Limited

Registered name: PTARMIGAN CAPITAL LIMITED

Part of Lagopus Holdings Ltd group

Ptarmigan Capital Limited made £639k revenue and a £46.8k loss in the year to 31 Dec 2025.

Ptarmigan Capital Limited’s revenue grew 336% to £639k in the year to 31 Dec 2025, with a loss of £46.8k and 7 employees. The company is classified under “financial management” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 70221Financial management

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 teamCapital-lightCash flow filed

Revenue

£639k

Growth ▲336.1%

Profit

−£46.8k

Growth —

Profit margin

−7.3%

Employees

Change ▲40%

Profit / employee

−£6.7k

Revenue/employee £91.3k

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	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£133k	£146k	£639k
Cost of sales	—	£4.4k	£0	—
Gross profit	—	£128k	£146k	—
Operating profit	—	−£43.4k	−£126k	−£48.1k
Profit before tax	—	−£43.4k	−£126k	−£46.8k
Profit after tax	—	−£43.4k	−£126k	−£46.8k
Profit (best available)	—	−£43.4k	−£126k	−£46.8k
Staff costs	—	£14.8k	£95.7k	£440k
Employees (average)	3	3	5	7
Ratios
Profit margin	—	−32.8%	−85.7%	−7.3%
Gross margin	—	96.7%	100%	—
Revenue per employee	—	£44.2k	£29.3k	£91.3k
Profit per employee	—	−£14.5k	−£25.1k	−£6.7k
Growth (year on year)
Revenue growth	—	—	▲10.6%	▲336.1%
Headcount growth	—	0%	▲66.7%	▲40%
Balance sheet — indirect signals, not revenue
Cash at bank	£42.1k	£84.4k	£215k	£57.6k
Net assets	£21.9k	£103k	£300k	£253k
Fixed assets	£716	£495	£1.1k	£1.5k
Current assets	£97.4k	£141k	£324k	£309k
Debtors	£36k	£0	£109k	£251k
Deferred income	£43.4k	£14.4k	£9.9k	£9.4k
Cash from operations	—	−£81.7k	−£191k	−£157k
Source	Accounts · bulk data Apr 2024	Accounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: −7.3%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £91.3k; Revenue ÷ average employees.
Profit per employee: −£6.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 39.4%; 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: ▼16%; Now £253k
Cash at bank: ▼73%; Now £57.6k
Headcount: ▲40%; Now 7
Deferred income: ▼6%; Now £9.4k
Fixed assets: ▲35%; Now £1.5k

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

Lagopus Holdings Ltdultimate parent75–100%
Ptarmigan Capital 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

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£46.8k), from the Companies House accounts bulk data published Apr 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.