Freud Communications Limited
Registered name: FREUD COMMUNICATIONS LIMITED
Part of Freud 4.0 Limited groupFreud 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.
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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 |
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.
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.
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
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.