How much does Radical22 Limited make?

Radical22 Limited reported revenue of £23.3m and £14.2m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Radical22 Limited have?

Radical22 Limited reported an average of 6 employees in the year to 31 Dec 2024.

Is Radical22 Limited profitable?

Yes — Radical22 Limited reported a profit of £14.2m in the year to 31 Dec 2024.

Company No. 09134929 · Incorporated 17 Jul 2014

Radical22 Limited

Registered name: RADICAL22 LIMITED

Radical22 Limited made £23.3m revenue and £14.2m profit in the year to 31 Dec 2024. read from filing text

Radical22 Limited’s revenue grew 25% to £23.3m in the year to 31 Dec 2024, with £14.2m profit and 6 employees. The company is classified under “artistic creation” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection R · Arts, entertainment and recreationSIC 90030Artistic creation

Status: Active
Location: London, London
Age: 12 yrs · since 2014
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentSmall teamOperating leverageCash flow filed

Revenue

£23.3m

Growth ▲24.6%

Profit

£14.2m

Growth ▲35.7%

Profit margin

60.9%

Gross 83.1%

Employees

Change 0%

Profit / employee

£2.4m

Revenue/employee £3.9m

Profitable streak

3yrs

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 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
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)	—	£14.7m	£18.7m	£23.3m
Cost of sales	—	£765k	£3.9m	£3.9m
Gross profit	—	£13.9m	£14.8m	£19.3m
Operating profit	—	£12.7m	£12.2m	£16.5m
Profit before tax	—	£11.7m	£13.8m	£19m
Profit after tax	—	£9.6m	£10.4m	£14.2m
Profit (best available)	—	£9.6m	£10.4m	£14.2m
Employees (average)	2	4	6	6
Ratios
Profit margin	—	65.3%	55.9%	60.9%
Gross margin	—	94.8%	79.1%	83.1%
Revenue per employee	—	£3.7m	£3.1m	£3.9m
Profit per employee	—	£2.4m	£1.7m	£2.4m
Cash conversion	—	−16.9%	−33.1%	−130.2%
Growth (year on year)
Revenue growth	—	—	▲27.2%	▲24.6%
Profit growth	—	—	▲8.8%	▲35.7%
Headcount growth	—	▲100%	▲50%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£16.4m	£9.8m	£13.5m	£22.3m
Net assets	£21.7m	£29.9m	£41.7m	£55.8m
Fixed assets	£10.9m	£15.4m	£15.9m	£23.1m
Current assets	£25.3m	£25.1m	£39.2m	£48.2m
Debtors	£5.1m	£1.5m	£3.6m	£2.6m
Deferred income	—	£9.2m	£9.3m	£6m
Cash from operations	—	−£2.2m	−£4.1m	−£21.5m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 60.9%; Profit ÷ revenue.
Gross margin: 83.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £3.9m; Revenue ÷ average employees.
Profit per employee: £2.4m; Profit ÷ average employees.
Cash conversion: −130.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 99.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 25.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.2%; 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: ▲34%; Now £55.8m
Cash at bank: ▲65%; Now £22.3m
Headcount: 0%; Now 6
Deferred income: ▼36%; Now £6m
Fixed assets: ▲45%; Now £23.1m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £14.2m), from the Companies House accounts bulk data published Dec 2025. 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.