I3capital Ltd
Registered name: I3CAPITAL LTD
I3capital Ltd made £40.4m revenue and £1.4m profit in the year to 31 Jul 2025.
I3capital Ltd’s revenue grew 36% to £40.4m in the year to 31 Jul 2025, with £1.4m profit and 177 employees. The company is classified under “activities of other holding companies” and is based in Bristol; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Bristol, South West
- Age
- 4 yrs · since 2022
- 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 Jul 2022 | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £10.7m | £18.4m | £29.7m | £40.4m |
| Cost of sales | £9.6m | £16.1m | £25.1m | £32.2m |
| Gross profit | £1.1m | £2.3m | £4.5m | £8.2m |
| Operating profit | £503k | £1.3m | £3.2m | £6.4m |
| Profit before tax | £502k | £1.3m | £3.2m | £6.4m |
| Profit after tax | £178k | £1m | £439k | £1.4m |
| Profit (best available) | £178k | £1m | £439k | £1.4m |
| Staff costs | £5.9m | £9.1m | £10.2m | £11.6m |
| Employees (average) | 101 | 139 | 178 | 177 |
| Ratios | ||||
| Profit margin | 1.7% | 5.7% | 1.5% | 3.5% |
| Gross margin | 10.3% | 12.3% | 15.3% | 20.3% |
| Revenue per employee | £106k | £132k | £167k | £228k |
| Profit per employee | £1.8k | £7.5k | £2.5k | £7.9k |
| Cash conversion | 88.7% | 20.4% | 150.2% | 89.4% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲71.1% | ▲61.4% | ▲36.2% |
| Profit growth | — | ▲484.1% | ▼57.8% | ▲219.6% |
| Headcount growth | — | ▲37.6% | ▲28.1% | ▼0.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.8m | £1.6m | £136k | £953k |
| Net assets | £2.5m | £153 | £5.1k | £841k |
| Fixed assets | £181k | £204 | £811k | £650k |
| Current assets | £3.4m | £6m | £9.4m | £989k |
| Debtors | £1.5m | £3.4m | £4.8m | £35.9k |
| Deferred income | £78.4k | — | £18.4k | £15.3k |
| Cash from operations | £446k | £271k | £4.9m | £5.7m |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 3.5%
- Profit ÷ revenue.
- Gross margin
- 20.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £228k
- Revenue ÷ average employees.
- Profit per employee
- £7.9k
- Profit ÷ average employees.
- Cash conversion
- 89.4%
- 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
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.1%
- 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
- ▲16308%
- Now £841k
- Cash at bank
- ▲599%
- Now £953k
- Headcount
- ▼1%
- Now 177
- Deferred income
- ▼17%
- Now £15.3k
- Fixed assets
- ▼20%
- Now £650k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (3)
- I3works LtdRev. £38.1m · Profit £2.6m
- I3data LtdFigures not disclosed
- I3netzero LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £1.4m), from the Companies House accounts bulk data published Mar 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.