Cardaq Limited
Registered name: CARDAQ LIMITED
Part of Ixxov Limited groupCardaq Limited made £57.8m revenue and £13.3m profit in the year to 31 Dec 2025.
Cardaq Limited’s revenue grew 317% to £57.8m in the year to 31 Dec 2025, with £13.3m profit and 17 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 6 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 | 29 Dec 2021 | 29 Dec 2022 | 29 Dec 2023 | 29 Dec 2024 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||||
| Revenue (turnover) | — | — | £4m | £13.9m | £13.9m | £57.8m |
| Cost of sales | — | — | £1.3m | £4.8m | −£4.8m | −£26m |
| Gross profit | — | — | £2.7m | £9m | £9m | £31.9m |
| Operating profit | — | — | £300k | £3.3m | £3.3m | £17.3m |
| Profit before tax | — | — | £326k | £3.4m | £3.4m | £17.4m |
| Profit after tax | — | — | £360k | £2.6m | £2.6m | £13.3m |
| Profit (best available) | — | — | £360k | £2.6m | £2.6m | £13.3m |
| Staff costs | — | — | £122k | £774k | — | — |
| Employees (average) | 1 | 2 | 1 | 7 | 7 | 17 |
| Ratios | ||||||
| Profit margin | — | — | 9% | 18.8% | 18.8% | 22.9% |
| Gross margin | — | — | 66.8% | 65.1% | 65.1% | 55.1% |
| Revenue per employee | — | — | £4m | £2m | £2m | £3.4m |
| Profit per employee | — | — | £360k | £372k | £372k | £780k |
| Growth (year on year) | ||||||
| Revenue growth | — | — | — | ▲248.8% | — | ▲316.6% |
| Profit growth | — | — | — | ▲623.5% | — | ▲409.5% |
| Headcount growth | — | ▲100% | ▼50% | ▲600% | — | ▲142.9% |
| Balance sheet — indirect signals, not revenue | ||||||
| Cash at bank | £497k | £2.5m | £8m | £7.2m | — | — |
| Net assets | £1.2m | £1.5m | £1.8m | £3.9m | — | — |
| Fixed assets | £40.4k | £55.4k | £53.5k | £100k | — | — |
| Current assets | £2.5m | £5.4m | £10.1m | £14.1m | — | — |
| Debtors | £19.2k | £680k | £299k | £4.4m | — | — |
| Deferred income | — | £30k | £20.7k | £424k | — | — |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Sep 2025 | Accounts · bulk data Sep 2026 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 22.9%
- Profit ÷ revenue.
- Gross margin
- 55.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £3.4m
- Revenue ÷ average employees.
- Profit per employee
- £780k
- 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
- ▲143%
- Now 17
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Ixxov Limitedultimate parent75–100%
- Cardaq Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (6)
- Aqatin Canada Processing LimitedFigures not disclosed
- Cardaq Singapore LimitedFigures not disclosed
- Halalcash LimitedFigures not disclosed
- Pridepay LimitedFigures not disclosed
- Teido (UK) LimitedFigures not disclosed
- United Space Finance 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 £13.3m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 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.