CTRD Ltd
Registered name: CTRD LTD
Part of Obsidian Collective Ltd groupCTRD Ltd made £26.8m revenue and £2.6m profit in the year to 31 Dec 2025.
CTRD Ltd’s revenue grew 117% to £26.8m in the year to 31 Dec 2025, with £2.6m profit and 11 employees. The company is classified under “management consultancy activities other than financial management” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2021
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £12.3m | £26.8m |
| Cost of sales | — | — | £7.9m | £19.5m |
| Gross profit | — | — | £4.5m | £7.2m |
| Operating profit | — | — | £1.6m | £4.1m |
| Profit before tax | — | — | £1.6m | £4.1m |
| Profit after tax | — | — | £1.3m | £2.6m |
| Profit (best available) | — | — | £1.3m | £2.6m |
| Employees (average) | 2 | 2 | 2 | 11 |
| Ratios | ||||
| Profit margin | — | — | 10.3% | 9.8% |
| Gross margin | — | — | 36.2% | 27.1% |
| Revenue per employee | — | — | £6.2m | £2.4m |
| Profit per employee | — | — | £632k | £239k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲116.9% |
| Profit growth | — | — | — | ▲107.9% |
| Headcount growth | — | — | — | ▲450% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £194k | £213k | £2.5m | £1.1m |
| Net assets | £74.1k | £159k | £1.4m | £4.1m |
| Fixed assets | £3.6k | £112k | £394k | £417k |
| Current assets | £277k | £312k | £2.8m | £7.1m |
| Debtors | £82.8k | £0 | £98.9k | £286k |
| Source | FilletedAccounts · bulk data Aug 2024 | FilletedAccounts · bulk data Aug 2024 | FilletedAccounts · bulk data Sep 2025 | FilletedAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 9.8%
- Profit ÷ revenue.
- Gross margin
- 27.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2.4m
- Revenue ÷ average employees.
- Profit per employee
- £239k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.1%
- 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
- ▲185%
- Now £4.1m
- Cash at bank
- ▼55%
- Now £1.1m
- Headcount
- ▲450%
- Now 11
- Deferred income
- —
- Now —
- Fixed assets
- ▲6%
- Now £417k
Group structure
Ownership chain
- Obsidian Collective Ltdultimate parent75–100%
- CTRD Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Obsidian International LtdFigures not disclosed
- Obsidian RX LtdFigures not disclosed
- Obsidian TX LtdFigures not disclosed
- Wye House LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FilletedAccounts for the year to 31 Dec 2025 (profit £2.6m), 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.