Conduit Club Limited
Registered name: CONDUIT CLUB LIMITED
Conduit Club Limited made £8m revenue and a £1m loss in the year to 31 Dec 2025.
Conduit Club Limited’s revenue grew 10% to £8m in the year to 31 Dec 2025, with a loss of £1m and 95 employees. The company is classified under “activities of other membership organizations” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2020
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £6.3m | £7.3m | £8m |
| Cost of sales | — | £886k | £997k | £1.3m |
| Gross profit | — | £5.4m | £6.3m | £6.8m |
| Operating profit | — | −£1.3m | −£1.1m | −£938k |
| Profit before tax | — | −£1.4m | −£1.2m | −£1m |
| Profit after tax | −£3.3m | −£1.4m | −£1.2m | −£1m |
| Profit (best available) | −£3.3m | −£1.4m | −£1.2m | −£1m |
| Staff costs | — | £3.6m | £3.9m | £4m |
| Employees (average) | 98 | 82 | 95 | 95 |
| Ratios | ||||
| Profit margin | — | −22.3% | −17% | −12.8% |
| Gross margin | — | 85.9% | 86.3% | 84.4% |
| Revenue per employee | — | £76.8k | £76.4k | £84.3k |
| Profit per employee | −£33.4k | −£17.1k | −£13k | −£10.8k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲15.3% | ▲10.3% |
| Headcount growth | — | ▼16.3% | ▲15.8% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.1m | £442k | £310k | £632k |
| Net assets | −£1.6m | £1.8m | £1.5m | £428k |
| Fixed assets | £2.8m | £5.7m | £5.2m | £4.7m |
| Current assets | £2.1m | £1.6m | £1.5m | £1.8m |
| Debtors | £314k | £71.5k | £27.4k | £58.3k |
| Deferred income | £3.4m | £2.4m | £2.9m | £3m |
| Source | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Feb 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −12.8%
- Profit ÷ revenue.
- Gross margin
- 84.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £84.3k
- Revenue ÷ average employees.
- Profit per employee
- −£10.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 58.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 37.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.7%
- 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
- ▼71%
- Now £428k
- Cash at bank
- ▲104%
- Now £632k
- Headcount
- 0%
- Now 95
- Deferred income
- ▲5%
- Now £3m
- Fixed assets
- ▼10%
- Now £4.7m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Minority corporate shareholders
- The Conduit Holdco Limited 25–50%
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Revenue
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- Profit
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- Staff
- —
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- Profit
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- Profit
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£1m), from the Companies House accounts bulk data published Sep 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.