How much does Techtest Limited make?

Techtest Limited reported revenue of £33.4m and £9m profit in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does Techtest Limited have?

Techtest Limited reported an average of 216 employees in the year to 31 Jan 2025.

Is Techtest Limited profitable?

Yes — Techtest Limited reported a profit of £9m in the year to 31 Jan 2025.

Company No. 01363570 · Incorporated 18 Apr 1978

Techtest Limited

Registered name: TECHTEST LIMITED

Part of H.R. Smith Group Limited group

Techtest Limited made £33.4m revenue and £9m profit in the year to 31 Jan 2025.

Techtest Limited’s revenue grew 7% to £33.4m in the year to 31 Jan 2025, with £9m profit and 216 employees. The company is classified under “manufacture of loaded electronic boards” and is based in Leominster; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26120Manufacture of loaded electronic boards SIC 26309Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment SIC 26511Manufacture of electronic measuring, testing etc. equipment, not for industrial process control SIC 33130Repair of electronic and optical equipment

Status: Active
Location: Leominster, West Midlands
Age: 48 yrs · since 1978
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Jan 2025

Key figures

Operating leverage

Revenue

£33.4m

Growth ▲6.7%

Profit

£9m

Growth ▲22.6%

Profit margin

26.9%

Gross 61%

Employees

216

Change ▲3.4%

Profit / employee

£41.6k

Revenue/employee £155k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.3m	£25.6m	£31.3m	£33.4m
Cost of sales	£8.2m	£10.1m	£12.5m	£13m
Gross profit	£10.1m	£15.5m	£18.8m	£20.4m
Operating profit	—	—	£8.9m	£11.2m
Profit before tax	£6.1m	£11.5m	£8.9m	£11.2m
Profit after tax	£5.3m	£9.8m	£7.3m	£9m
Profit (best available)	£5.3m	£9.8m	£7.3m	£9m
Staff costs	£6.3m	£6.8m	£12.9m	£12.4m
Employees (average)	196	196	209	216
Ratios
Profit margin	29.1%	38.4%	23.4%	26.9%
Gross margin	55.1%	60.6%	60.2%	61%
Revenue per employee	£93.6k	£130k	£150k	£155k
Profit per employee	£27.2k	£50k	£35k	£41.6k
Growth (year on year)
Revenue growth	—	▲39.4%	▲22.4%	▲6.7%
Profit growth	—	▲83.7%	▼25.3%	▲22.6%
Headcount growth	—	0%	▲6.6%	▲3.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4m	£1.6m	£1.2m	£1.4m
Net assets	£41.3m	£32.2m	£14.6m	£23.5m
Fixed assets	£7.8m	£9.2m	£10.4m	£13.3m
Current assets	£37.3m	£28.5m	£17.3m	£21.2m
Debtors	£3.2m	£5.1m	£5.7m	£6.5m
Deferred income	£218k	£361k	£6.9m	—
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 26.9%; Profit ÷ revenue.
Gross margin: 61%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £155k; Revenue ÷ average employees.
Profit per employee: £41.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 39.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.6%; 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: ▲62%; Now £23.5m
Cash at bank: ▲13%; Now £1.4m
Headcount: ▲3%; Now 216
Deferred income: —; Now —
Fixed assets: ▲29%; Now £13.3m

Corporate ownership

Group structure

Ownership chain

H.R. Smith Group Limitedultimate parent75–100%
Techtest Limitedthis company

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

Sister companies (2)

Chunc LimitedFigures not disclosed
H. R. Smith Aviation LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £9m), from the Companies House accounts bulk data published Oct 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.