How much does IT Luggage Limited make?

IT Luggage Limited reported revenue of £146m and £8.5m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does IT Luggage Limited have?

IT Luggage Limited reported an average of 75 employees in the year to 31 Mar 2025.

Is IT Luggage Limited profitable?

Yes — IT Luggage Limited reported a profit of £8.5m in the year to 31 Mar 2025.

Company No. 01967787 · Incorporated 3 Dec 1985

IT Luggage Limited

Registered name: IT LUGGAGE LIMITED

IT Luggage Limited made £146m revenue and £8.5m profit in the year to 31 Mar 2025.

IT Luggage Limited’s revenue was £146m in the year to 31 Mar 2025, with £8.5m profit and 75 employees. The company is classified under “non-specialised wholesale trade” and is based in Hertford; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active
Location: Hertford, East of England
Age: 40 yrs · since 1985
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCash flow filed

Revenue

£146m

Growth —

Profit

£8.5m

Growth ▲11.8%

Profit margin

5.8%

Gross 32.1%

Employees

Change ▲5.6%

Profit / employee

£113k

Revenue/employee £1.9m

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Profit only	Full P&L
Profit & loss
Revenue (turnover)	£47.8m	£120m	—	£146m
Cost of sales	£37.3m	£83.6m	£81.4m	£99.2m
Gross profit	£10.5m	£36.3m	—	£46.9m
Operating profit	£2.4m	£4m	—	£6.1m
Profit before tax	£2.4m	£4.4m	—	£9.4m
Profit after tax	£1.4m	£2.2m	£7.6m	£8.5m
Profit (best available)	£1.4m	£2.2m	£7.6m	£8.5m
Staff costs	—	£29.1m	£24.7m	£29.7m
Employees (average)	111	150	71	75
Ratios
Profit margin	2.8%	1.8%	—	5.8%
Gross margin	22%	30.3%	—	32.1%
Revenue per employee	£430k	£800k	—	£1.9m
Profit per employee	£12.2k	£14.5k	£107k	£113k
Cash conversion	—	−637.7%	—	−45.1%
Growth (year on year)
Revenue growth	—	▲151.2%	—	—
Profit growth	—	▲60.1%	▲249%	▲11.8%
Headcount growth	—	▲35.1%	▼52.7%	▲5.6%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£37m	£47.1m	£58.5m
Net assets	—	£30.9m	£34.1m	£47m
Fixed assets	—	£5.7m	£5.9m	£7.7m
Current assets	—	£59.5m	£66m	£92.1m
Debtors	—	£1.4m	£1.3m	£769k
Deferred income	—	£27.5m	£2.5m	—
Cash from operations	—	−£25.2m	−£9.8m	−£2.8m
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 5.8%; Profit ÷ revenue.
Gross margin: 32.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.9m; Revenue ÷ average employees.
Profit per employee: £113k; Profit ÷ average employees.
Cash conversion: −45.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.5%; 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: ▲38%; Now £47m
Cash at bank: ▲24%; Now £58.5m
Headcount: ▲6%; Now 75
Deferred income: —; Now —
Fixed assets: ▲31%; Now £7.7m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £8.5m), from the Companies House accounts bulk data published Dec 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.