PSYCLE LIMITED
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Cash
£635k
-40.4% vs 2024
Net assets
£2.3m
-28.8% lowest in 5 filed years
Employees
106
+8.2% vs 2024
Profit before tax
-£950k
-73.7% vs 2024
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £3,353,146 | £3,527,677 | £7,375,502 | £8,477,599 | £9,744,067 | +14.9% | |
| Operating profit | -£2,143,239 | -£1,796,672 | -£584,653 | -£535,930 | -£857,991 | -60.1% | |
| Profit before tax | -£2,151,449 | -£1,796,677 | -£584,653 | -£546,926 | -£950,021 | -73.7% | |
| Net profit | — | — | -£584,653 | -£546,926 | -£950,021 | -73.7% | |
| Cash | £2,730,191 | £1,601,961 | £175,304 | £1,065,706 | £634,817 | -40.4% | |
| Total assets less current liabilities | £5,708,257 | £3,911,580 | £3,535,142 | £3,836,565 | £3,585,777 | -6.5% | |
| Net assets | £5,708,257 | £3,911,580 | — | £3,232,748 | £2,302,867 | -28.8% | |
| Equity | £5,708,257 | £3,911,580 | £3,535,142 | £3,232,748 | £2,302,867 | -28.8% | |
| Average employees | 87 | 78 | 110 | 98 | 106 | +8.2% | |
| Wages | — | — | £2,501,710 | £2,379,952 | £2,816,783 | +18.4% | |
| Directors' remuneration | — | — | £248,000 | £299,138 | £305,489 | +2.1% | |
| Directors' pension contributions | — | — | £6,030 | £6,360 | £6,330 | -0.5% | |
| Highest paid director | — | — | £230,000 | £275,388 | £271,000 | -1.6% |
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 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -63.9% | -50.9% | -7.9% | -6.3% | -8.8% | |
| Net margin | — | — | -7.9% | -6.5% | -9.7% | |
| Return on capital employed | -37.5% | -45.9% | -16.5% | -14.0% | -23.9% | |
| Gearing (liabilities / total assets) | 25.7% | 36.4% | — | 48.4% | 66.8% | |
| Current ratio | — | — | 0.73x | 0.97x | 0.66x | |
| Interest cover | — | — | — | -48.74x | -9.32x |
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
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors continue to adopt the going concern basis in preparing the financial statements. They have assessed the availability of funding and reviewed detailed cash flow projections to confirm the Company and Group can meet its obligations as they fall due.”
Group structure
- PSYCLE LIMITED · parent
- Psycle (City) Limited 100%
- Psycle (Clapham) Limited 100%
- Psycle (London Bridge) Limited 100%
- Psycle (Mortimer Street) Limited 100%
- Psycle (MS2) Limited 100%
- Psycle (Shoreditch) Limited 100%
- Psycle (Victoria) Limited 100%
Significant events
- “After the year end, the group drew down a further £448,000 of bank loans from the available facility.”
- “In February 2026 Psycle opened its 7th studio in London Bridge.”
- “In August 2026 the Company entered into a new 15 year lease agreement, for a new studio in Clapham, London.”
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 112 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type group | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- 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.