How much does Particle TH 2 Ltd make?

Particle TH 2 Ltd reported revenue of £1.5m and a loss of £864k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Particle TH 2 Ltd have?

Particle TH 2 Ltd reported an average of 1 employee in the year to 31 Dec 2025.

Is Particle TH 2 Ltd profitable?

No — Particle TH 2 Ltd reported a loss of £864k in the year to 31 Dec 2025.

Company No. 15227351 · Incorporated 23 Oct 2023

Particle TH 2 Ltd

Registered name: PARTICLE TH 2 LTD

Part of Particle Hale Ltd group

Particle TH 2 Ltd made £1.5m revenue and a £864k loss in the year to 31 Dec 2025.

Particle TH 2 Ltd’s revenue was £1.5m in the year to 31 Dec 2025, with a loss of £864k and 1 employee. The company is classified under “management of real estate on a fee or contract basis” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68320Management of real estate on a fee or contract basis

Status: Active
Location: London, London
Age: 2 yrs · since 2023
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 teamCash flow filed

Revenue

£1.5m

Growth —

Profit

−£864k

Growth —

Profit margin

−58%

Employees

Change —

Profit / employee

−£864k

Revenue/employee £1.5m

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	22 Oct 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£1.1m	£1.5m
Profit after tax	—	−£3m	−£864k
Profit (best available)	—	−£3m	−£864k
Staff costs	—	£20.4k	£62.2k
Employees (average)	0	1	1
Ratios
Profit margin	—	−290.1%	−58%
Revenue per employee	—	£1.1m	£1.5m
Profit per employee	—	−£3m	−£864k
Balance sheet — indirect signals, not revenue
Cash at bank	—	£138k	£234k
Net assets	—	£1.3m	£408k
Current assets	—	£398k	£491k
Deferred income	—	£77.8k	£109k
Cash from operations	—	−£1.2m	£915k
Source	FullAccounts · bulk data Nov 2025	FullAccounts · bulk data Nov 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: −58%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.5m; Revenue ÷ average employees.
Profit per employee: −£864k; 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: 7.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: —; Now £408k
Cash at bank: —; Now £234k
Headcount: —; Now 1
Deferred income: —; Now £109k
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Particle Hale Ltdultimate parent75–100%
Particle TH 2 Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (2)

Particle TH Freehold LtdFigures not disclosed
TH Ni Manco LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£864k), from the Companies House accounts bulk data published Aug 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.