Ricochet Limited
Registered name: RICOCHET LIMITED
Part of Warner Bros. Discovery, Inc. groupRicochet Limited made £23m revenue and £4.8m profit in the year to 31 Dec 2025.
Ricochet Limited’s revenue grew 40% to £23m in the year to 31 Dec 2025, with £4.8m profit and 82 employees. The company is classified under “television programme production activities” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 26 yrs · since 2000
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £28.7m | £16.4m | £23m |
| Cost of sales | −£19.5m | −£13.1m | −£13.3m |
| Gross profit | £9.2m | £3.3m | £9.6m |
| Operating profit | £5.6m | £148k | £6.8m |
| Profit before tax | £6.4m | £1.4m | £8m |
| Profit after tax | £6.4m | £1.2m | £4.8m |
| Profit (best available) | £6.4m | £1.2m | £4.8m |
| Employees (average) | 113 | 95 | 82 |
| Ratios | |||
| Profit margin | 22.1% | 7.6% | 21% |
| Gross margin | 32.1% | 19.9% | 42% |
| Revenue per employee | £254k | £172k | £280k |
| Profit per employee | £56.3k | £13.1k | £58.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼43% | ▲40.2% |
| Profit growth | — | ▼80.5% | ▲288.7% |
| Headcount growth | — | ▼15.9% | ▼13.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 21%
- Profit ÷ revenue.
- Gross margin
- 42%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £280k
- Revenue ÷ average employees.
- Profit per employee
- £58.9k
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼14%
- Now 82
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Warner Bros. Discovery, Inc. (registered outside the UK register)ultimate parent75–100%
- Time Warner London Limited75–100%
- Warner Media International Limited75–100%
- Warner Bros. International Television Production Limited75–100%
- Warner Bros. Television Production UK Limited75–100%
- Shed Media Limited75–100%
- Ricochet Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Ricochet Productions LimitedFigures not disclosed
Sister companies (8)
- Wbtvpuk Pictures (WR) LimitedRev. £674k · Profit £310k
- Wbtvpuk Pictures LimitedRev. £160k · Profit £138k
- Watershed Television LimitedRev. £17k · Profit £10k
- Shed Media Scotland LimitedFigures not disclosed
- Twenty Twenty Production Services LimitedFigures not disclosed
- Twenty Twenty Productions LimitedFigures not disclosed
- Wall to Wall (Holdings) LimitedFigures not disclosed
- Wbtvpuk Wga Writers LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £4.8m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 22 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.