How much does Pic Properties GP Limited make?

Pic Properties GP Limited reported revenue of £19.5m and £8.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Pic Properties GP Limited have?

Pic Properties GP Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is Pic Properties GP Limited profitable?

Yes — Pic Properties GP Limited reported a profit of £8.6m in the year to 31 Dec 2025.

Company No. 12509653 · Incorporated 10 Mar 2020

Pic Properties GP Limited

Registered name: PIC PROPERTIES GP LIMITED

Part of Athora UK Holding Limited group

Pic Properties GP Limited made £19.5m revenue and £8.6m profit in the year to 31 Dec 2025.

Pic Properties GP Limited’s revenue grew 209% to £19.5m in the year to 31 Dec 2025, with £8.6m profit and 0 employees. The company is classified under “dormant company” and is based in London; we hold 2 years of its filed accounts.

Full profit & loss filedSIC 99999Dormant Company

Status: Active
Location: London
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£19.5m

Growth ▲208.6%

Profit

£8.6m

Growth ▲225.3%

Profit margin

44.4%

Gross 100%

Employees

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2024	31 Dec 2025
Disclosure	Profit & loss	Profit & loss
Profit & loss
Revenue (turnover)	£6.3m	£19.5m
Cost of sales	£0	£0
Gross profit	£6.3m	£19.5m
Operating profit	£199k	£10.7m
Profit before tax	£2.7m	£8.6m
Profit after tax	£2.7m	£8.6m
Profit (best available)	£2.7m	£8.6m
Employees (average)	0	0
Ratios
Profit margin	42.1%	44.4%
Gross margin	100%	100%
Growth (year on year)
Revenue growth	—	▲208.6%
Profit growth	—	▲225.3%
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data Jul 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 44.4%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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.

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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Athora UK Holding Limitedultimate parent75–100%
Pension Insurance Corporation Group Limited75–100%
Pic Holdings Limited75–100%
Pic Properties GP Limitedthis company

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

Sister companies (8)

Pension Insurance Corporation PLCRev. £2.8bn · Profit £259m
Pension Services Corporation LimitedFigures not disclosed
Pic Arbour GP LimitedFigures not disclosed
Pic New Victoria GP LimitedFigures not disclosed
Pic One Eastside GP LimitedFigures not disclosed
Pic Real Estate GP LimitedFigures not disclosed
Pic Wiltern GP LimitedFigures not disclosed
Verda Living RP LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £8.6m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 23 Oct 2026