REDDIT UK LIMITED
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Cash
£12M
+1,845.1% vs 2023
Net assets
£17M
+515% vs 2023
Employees
109
+4.8% vs 2023
Profit before tax
£4M
+322.9% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £28,434,581 | £96,734,779 | +240.2% | |
| Operating profit | £950,563 | £3,861,233 | +306.2% | |
| Profit before tax | £950,563 | £4,020,064 | +322.9% | |
| Net profit | £337,129 | £4,850,229 | +1,338.7% | |
| Cash | £596,292 | £11,598,743 | +1,845.1% | |
| Total assets less current liabilities | £2,824,914 | £17,373,127 | +515% | |
| Net assets | £2,824,914 | £17,373,127 | +515% | |
| Equity | £2,824,914 | £17,373,127 | +515% | |
| Average employees | 104 | 109 | +4.8% | |
| Wages | £17,226,147 | £20,348,226 | +18.1% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.3% | 4.0% | |
| Net margin | 1.2% | 5.0% | |
| Return on capital employed | 33.6% | 22.2% | |
| Gearing (liabilities / total assets) | 57.6% | 57.0% | |
| Current ratio | 1.70x | 1.73x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared budgets and cash flows for a period of at least twelve months from the date of the approval of the financial statements which demonstrate that there is no material uncertainty regarding the company's ability to meet its liabilities as they fall due, and to continue as a going concern.”
Significant events
- “Effective 1 January 2024, the company entered into a reseller agreement with its ultimate parent company, whereby the company is an exclusive reseller of Reddit's products in the EMEA region.”
- “On 20 March 2024, the initial public offering ("IPO") of Reddit Inc., the ultimate parent company, was declared effective, and its common stock was listed on the New York Stock Exchange and began trading under the symbol "RDDT" on 21 March 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEE, Benjamin, Mr | Director | 2020-01-30 | Feb 1967 | American |
| REYNOLDS, Michelle Marie | Director | 2023-09-14 | Mar 1983 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUFFMAN, Steven Ladd, Mr | Director | 2020-01-30 | 2023-09-14 |
| MEEK, Joel Edward | Director | 2020-01-30 | 2021-06-30 |
| VOLLERO, Andrew | Director | 2021-06-30 | 2023-09-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Reddit, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-21 | Active |
| Advance Magazine Publishers, Inc. | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-01-30 | Ceased 2020-01-30 |
Filing timeline
Last 20 of 37 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-10 RESOLUTIONS Resolution
- 2025-04-11 RESOLUTIONS Resolution
- 2025-04-11 MA Memorandum articles
- 2025-01-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-05 | CH01 | officers | Change person director company with change date | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-15 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-11 | MA | incorporation | Memorandum articles | |
| 2025-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-11 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-02-11 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-01-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-08 | SH01 | capital | Capital allotment shares | |
| 2024-07-20 | AA | accounts | Accounts with accounts type full | |
| 2024-02-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-23 | AA | accounts | Accounts with accounts type full | |
| 2023-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-09 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- 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.