How much does Antibody Analytics Limited make?

Antibody Analytics Limited reported revenue of £11.2m and £1.5m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Antibody Analytics Limited have?

Antibody Analytics Limited reported an average of 108 employees in the year to 31 Dec 2025.

Is Antibody Analytics Limited profitable?

Yes — Antibody Analytics Limited reported a profit of £1.5m in the year to 31 Dec 2025.

Company No. SC520998 · Incorporated 24 Nov 2015

Antibody Analytics Limited

Registered name: ANTIBODY ANALYTICS LIMITED

Part of Project Steel Acquireco Limited group

Antibody Analytics Limited made £11.2m revenue and £1.5m profit in the year to 31 Dec 2025. read from filing text

Antibody Analytics Limited’s revenue grew 55% to £11.2m in the year to 31 Dec 2025, with £1.5m profit and 108 employees. The company is classified under “other professional, scientific and technical activities” and is based in Motherwell; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Motherwell, Scotland
Age: 10 yrs · since 2015
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

Cash flow filed

Revenue

£11.2m

Growth ▲54.6%

Profit

£1.5m

Growth —

Profit margin

13.3%

Gross 51.7%

Employees

108

Change ▲6.9%

Profit / employee

£13.9k

Revenue/employee £104k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£7.3m	£7.3m	£11.2m
Cost of sales	—	£3.7m	£4.4m	£5.4m
Gross profit	—	£3.5m	£2.8m	£5.8m
Operating profit	—	£1.4m	−£630k	£638k
Profit before tax	—	£1.3m	−£697k	£577k
Profit after tax	—	£1.5m	−£674k	£1.5m
Profit (best available)	—	£1.5m	−£674k	£1.5m
Employees (average)	64	84	101	108
Ratios
Profit margin	—	20%	−9.3%	13.3%
Gross margin	—	48.5%	38.7%	51.7%
Revenue per employee	—	£86.6k	£71.8k	£104k
Profit per employee	—	£17.3k	−£6.7k	£13.9k
Cash conversion	—	—	—	−282.8%
Growth (year on year)
Revenue growth	—	—	▼0.2%	▲54.6%
Profit growth	—	—	▼146.4%	—
Headcount growth	—	▲31.3%	▲20.2%	▲6.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£913k	£6.3m	£3m	£2.5m
Net assets	£768k	£1.2m	£2.4m	£3.9m
Fixed assets	£1.9m	£2.2m	£6.4m	£7.2m
Current assets	£1.6m	£7.2m	£5.4m	£5.8m
Debtors	£541k	£758k	£1.3m	£1.1m
Deferred income	£19.4k	£239k	£691k	£723k
Cash from operations	—	—	—	−£1.8m
Source	FilletedAccounts · bulk data Sep 2024	FilletedAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 13.3%; Profit ÷ revenue.
Gross margin: 51.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £104k; Revenue ÷ average employees.
Profit per employee: £13.9k; Profit ÷ average employees.
Cash conversion: −282.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 63.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.2%; 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: ▲62%; Now £3.9m
Cash at bank: ▼17%; Now £2.5m
Headcount: ▲7%; Now 108
Deferred income: ▲5%; Now £723k
Fixed assets: ▲12%; Now £7.2m

Corporate ownership

Group structure

Ownership chain

Project Steel Acquireco Limitedultimate parent75–100%
Antibody Analytics Limitedthis company

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

Subsidiaries (1)

Rouken Bio 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 £1.5m), from the Companies House accounts bulk data published May 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.