Blip Propco Limited
Registered name: BLIP PROPCO LIMITED
Part of Icg PLC groupBlip Propco Limited made £2.6m revenue and a £126k loss in the year to 31 Dec 2024.
Blip Propco Limited’s revenue grew 6% to £2.6m in the year to 31 Dec 2024, with a loss of £126k. The company is classified under “other letting and operating of own or leased real estate” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £2.5m | £2.6m |
| Cost of sales | −£37.9k | −£42.3k |
| Gross profit | £2.4m | £2.6m |
| Operating profit | −£2m | £3.2m |
| Profit before tax | −£4.3m | £944k |
| Profit after tax | −£3.5m | −£126k |
| Profit (best available) | −£3.5m | −£126k |
| Employees (average) | — | — |
| Ratios | ||
| Profit margin | −138.9% | −4.8% |
| Gross margin | 98.5% | 98.4% |
| Growth (year on year) | ||
| Revenue growth | — | ▲5.7% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −4.8%
- Profit ÷ revenue.
- Gross margin
- 98.4%
- 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
- Icg PLCultimate parent75–100%
- Icg FMC Limited75–100%
- Blip Propco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (14)
- Elmo Midco LimitedRev. £61.8m · Profit −£9.8m
- Icg Efv MLP GP LimitedRev. £0 · Profit £71.9k
- Icg Senior Debt Partners UK GP LimitedRev. −£2.3m · Profit −£2.5m
- A.g. Thames Investments LimitedFigures not disclosed
- Bluegroup Propco LimitedFigures not disclosed
- Europort Holdings LtdFigures not disclosed
- Exeter III Birmingham LimitedFigures not disclosed
- Icg Alternative Investment LimitedFigures not disclosed
- Icg Enterprise Co-Investment GP LimitedFigures not disclosed
- Icg Manager LimitedFigures not disclosed
- Icg-Longbow Development GP LLPFigures not disclosed
- Iraf Triumph LtdFigures not disclosed
- Luna Investment Topco LimitedFigures not disclosed
- Tilstone Chesterfield LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£126k), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 24 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.