How much does Freud Communications Limited make?

Freud Communications Limited reported revenue of £33.5m and £7.8m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Freud Communications Limited have?

Freud Communications Limited reported an average of 207 employees in the year to 31 Dec 2025.

Is Freud Communications Limited profitable?

Yes — Freud Communications Limited reported a profit of £7.8m in the year to 31 Dec 2025.

Company No. 02478112 · Incorporated 7 Mar 1990

Freud Communications Limited

Registered name: FREUD COMMUNICATIONS LIMITED

Part of Freud 4.0 Limited group

Freud Communications Limited made £33.5m revenue and £7.8m profit in the year to 31 Dec 2025.

Freud Communications Limited’s revenue grew 20% to £33.5m in the year to 31 Dec 2025, with £7.8m profit and 207 employees. The company is classified under “advertising agencies” and is based in London; we hold 5 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 73110Advertising agencies

Status: Active
Location: London, London
Age: 36 yrs · since 1990
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

Capital-light

Revenue

£33.5m

Growth ▲20.2%

Profit

£7.8m

Growth ▼1.5%

Profit margin

23.2%

Gross 98.3%

Employees

207

Change ▲14.4%

Profit / employee

£37.6k

Revenue/employee £162k

Profitable streak

5yrs

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£32.2m	£25m	£29.7m	£27.9m	£33.5m
Cost of sales	£941k	£1.2m	£903k	£815k	£576k
Gross profit	£31.3m	£23.8m	£28.8m	£27.1m	£33m
Operating profit	£9.2m	£6.1m	£6.9m	£6.3m	£10.1m
Profit before tax	£9.2m	£6.4m	£7.1m	£9.6m	£10.4m
Profit after tax	£7.5m	£5.3m	£6m	£7.9m	£7.8m
Profit (best available)	£7.5m	£5.3m	£6m	£7.9m	£7.8m
Staff costs	£16.6m	£12.5m	£14.3m	£13.8m	£16.5m
Employees (average)	213	169	178	181	207
Ratios
Profit margin	23.2%	21.4%	20.2%	28.3%	23.2%
Gross margin	97.1%	95.3%	97%	97.1%	98.3%
Revenue per employee	£151k	£148k	£167k	£154k	£162k
Profit per employee	£35k	£31.6k	£33.7k	£43.6k	£37.6k
Growth (year on year)
Revenue growth	—	▼22.5%	▲18.8%	▼5.9%	▲20.2%
Profit growth	—	▼28.3%	▲12%	▲31.9%	▼1.5%
Headcount growth	—	▼20.7%	▲5.3%	▲1.7%	▲14.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£10m	£7.7m	£6m	£3.5m	£3.2m
Net assets	£39.6m	£38.4m	£4.4m	£12.3m	£20m
Fixed assets	£8.9m	£2.3m	£2.1m	£1.9m	£1.2m
Current assets	£59.4m	£64m	£60.2m	£29.8m	£38.4m
Debtors	£9.9m	£10.8m	£6m	£7.7m	£8.2m
Deferred income	£4.3m	£7.4m	£5.5m	£6m	£4.6m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Sep 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 23.2%; Profit ÷ revenue.
Gross margin: 98.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £162k; Revenue ÷ average employees.
Profit per employee: £37.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 24.6%; 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: ▲63%; Now £20m
Cash at bank: ▼7%; Now £3.2m
Headcount: ▲14%; Now 207
Deferred income: ▼22%; Now £4.6m
Fixed assets: ▼38%; Now £1.2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Freud 4.0 Limitedultimate parent75–100%
Freud 3.0 Limited75–100%
Freuds Group Limited75–100%
Freud Communications Limitedthis company

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

Subsidiaries (2)

Freuds + LimitedFigures not disclosed
Freuds Republic LimitedFigures not disclosed

Sister companies (2)

Atomized Studios LimitedFigures not disclosed
The Brewery (London) 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 £7.8m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.