PSYCLE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-13 (in 9mo)
Last made up 2026-01-30
Watchouts
None on the register
Cash
£1M
+507.9% vs 2023
Net assets
£3M
-8.6% lowest in 4 filed years
Employees
107
-2.7% vs 2023
Profit before tax
-£469K
+19.9% highest in 4 filed years
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | £3,353,146 | £3,527,677 | £7,375,502 | £8,477,599 | |
| Operating profit | -£2,143,239 | -£1,796,672 | -£584,653 | -£457,598 | |
| Profit before tax | -£2,151,449 | -£1,796,677 | -£584,653 | -£468,594 | |
| Net profit | — | — | -£584,653 | -£468,594 | |
| Cash | £2,730,191 | £1,601,961 | £175,304 | £1,065,706 | |
| Total assets less current liabilities | £5,708,257 | £3,911,580 | £3,535,142 | £3,835,566 | |
| Net assets | £5,708,257 | £3,911,580 | — | £3,231,749 | |
| Equity | £5,708,257 | £3,911,580 | £3,535,142 | £3,231,749 | |
| Average employees | 87 | 78 | 110 | 107 | |
| Wages | — | — | £2,501,710 | £2,377,398 | |
| Directors' remuneration | — | — | £248,000 | £217,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+14.9%
£7,375,502 £8,477,599
highest in 4 filed years
-
Cash
+507.9%
£175,304 £1,065,706
-
Net assets
—
Not reported
-
Employees
-2.7%
110 107
-
Operating profit
+21.7%
-£584,653 -£457,598
highest in 4 filed years
-
Profit before tax
+19.9%
-£584,653 -£468,594
highest in 4 filed years
-
Wages
-5%
£2,501,710 £2,377,398
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | -63.9% | -50.9% | -7.9% | -5.4% | |
| Net margin | — | — | -7.9% | -5.5% | |
| Return on capital employed | -37.5% | -45.9% | -16.5% | -11.9% | |
| Gearing (liabilities / total assets) | — | — | — | 48.4% | |
| Current ratio | — | — | 0.73x | 0.97x | |
| Interest cover | -255.66x | -359334.40x | — | -41.61x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PSYCLE LIMITED 2012-09-04 → present
- SINCYCLE LIMITED 2012-01-30 → 2012-09-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group continues to model the cash flows resulting from multiple reasonably likely trading scenarios. In each of these scenarios the Group would remain in a position to continue to trade for a period of at least 12 months from the signing of these financial statements. It should be noted that, as a result of continued trading improvements in 2025, the cash balance has significantly increased post year end. For this reason the directors have prepared the financial statements on a going concern basis.”
Group structure
- PSYCLE LIMITED · parent
- Psycle (Shoreditch) Limited 100%
- Psycle (Clapham) Limited 100%
- Psycle (Mortimer Street) Limited 100%
- Psycle (MS2) Limited 100%
- Psycle (City) Limited 100%
- Psycle (London Bridge) Limited 100%
- Psycle (Victoria) Limited 100%
Significant events
- “In February 2025 an additional £350,000 was raised via the convertible loan note facility, £100,000 of which was issued to a director.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GEARY, Hazel Joy | Director | 2024-08-31 | Aug 1982 | British |
| MOORE, Gordon James | Director | 2024-01-04 | Nov 1966 | British |
| SCHLEE, Clive Edward Benedict | Director | 2020-07-28 | Mar 1959 | British |
| WAREHAM, Andrea | Director | 2023-05-23 | Feb 1972 | British |
| WATT, David John | Director | 2020-12-03 | Aug 1976 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTLAND, Richard James | Director | 2015-05-11 | 2020-07-28 |
| GRIBBLE, Clare Alexandra | Director | 2021-03-24 | 2022-07-01 |
| MACREADY, Timothy George | Director | 2015-05-11 | 2024-02-22 |
| MACREADY, Timothy | Director | 2013-03-20 | 2014-05-07 |
| MOORE, Gordon James | Director | 2013-03-20 | 2014-05-07 |
| POULTER, Barrie | Director | 2012-01-30 | 2015-05-11 |
| ROCHE, Laura Rosemary | Director | 2020-12-10 | 2023-09-01 |
| STEPHENSON, Rhiannon, Dr | Director | 2015-05-11 | 2020-10-31 |
| WAGGETT, Colin Douglas | Director | 2013-03-20 | 2014-10-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Clive Edward Benedict Schlee | Individual | Shares 25–50% | 2020-07-22 | Active |
| Mr Timothy George Macready | Individual | Significant influence | 2016-04-06 | Ceased 2024-02-22 |
| Mr Richard James Butland | Individual | Significant influence | 2016-04-06 | Ceased 2020-07-28 |
Filing timeline
Last 20 of 111 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-02 | AA | accounts | Accounts with accounts type group | |
| 2025-06-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-19 | SH01 | capital | Capital allotment shares | |
| 2024-10-23 | SH01 | capital | Capital allotment shares | |
| 2024-10-12 | AA | accounts | Accounts with accounts type group | |
| 2024-09-30 | SH01 | capital | Capital allotment shares | |
| 2024-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-13 | AA | accounts | Accounts with made up date | |
| 2023-09-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-02 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.