How much does Cirqlr Group Limited make?

Cirqlr Group Limited reported revenue of £82.1m and a loss of £6m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Cirqlr Group Limited have?

Cirqlr Group Limited reported an average of 469 employees in the year to 31 Dec 2024.

Is Cirqlr Group Limited profitable?

No — Cirqlr Group Limited reported a loss of £6m in the year to 31 Dec 2024.

Company No. 14607026 · Incorporated 20 Jan 2023

Cirqlr Group Limited

Registered name: CIRQLR GROUP LIMITED

Part of Icon Sterling Infra Holdings Limited group

Cirqlr Group Limited made £82.1m revenue and a £6m loss in the year to 31 Dec 2024.

Cirqlr Group Limited’s revenue grew 125% to £82.1m in the year to 31 Dec 2024, with a loss of £6m and 469 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSIC 64209Activities of other holding companies n.e.c.

Status: Active
Location: London
Age: 3 yrs · since 2023
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£82.1m

Growth ▲125.1%

Profit

−£6m

Growth —

Profit margin

−7.3%

Gross 28.9%

Employees

469

Change ▲182.5%

Profit / employee

−£12.9k

Revenue/employee £175k

Profitable streak

0yrs

Consecutive profitable years in our data

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£36.5m	£82.1m
Cost of sales	−£25.3m	−£58.4m
Gross profit	£11.2m	£23.7m
Operating profit	£56k	−£1.3m
Profit before tax	£201k	−£4.6m
Profit after tax	−£1.5m	−£6m
Profit (best available)	−£1.5m	−£6m
Employees (average)	166	469
Ratios
Profit margin	−4.1%	−7.3%
Gross margin	30.8%	28.9%
Revenue per employee	£220k	£175k
Profit per employee	−£8.9k	−£12.9k
Growth (year on year)
Revenue growth	—	▲125.1%
Headcount growth	—	▲182.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data Nov 2024	Accounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: −7.3%; Profit ÷ revenue.
Gross margin: 28.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £175k; Revenue ÷ average employees.
Profit per employee: −£12.9k; 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.

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: ▲183%; Now 469
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Icon Sterling Infra Holdings Limitedultimate parent75–100%
Cirqlr Group Limitedthis company

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

Subsidiaries (1)

Cirqlr Group Finco LimitedFigures not disclosed

Sister companies (1)

Acdc Infrastructure 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 2024 (profit −£6m), from the Companies House accounts bulk data published Nov 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.