How much does Econocom Products & Solutions UK Limited make?

Econocom Products & Solutions UK Limited reported revenue of £46.6m and £950k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Econocom Products & Solutions UK Limited have?

Econocom Products & Solutions UK Limited reported an average of 37 employees in the year to 31 Dec 2023.

Is Econocom Products & Solutions UK Limited profitable?

Yes — Econocom Products & Solutions UK Limited reported a profit of £950k in the year to 31 Dec 2023.

Company No. 02518864 · Incorporated 5 Jul 1990

Econocom Products & Solutions UK Limited

Registered name: ECONOCOM PRODUCTS & SOLUTIONS UK LIMITED

Part of Econocom Group Se group

Econocom Products & Solutions UK Limited made £46.6m revenue and £950k profit in the year to 31 Dec 2023.

Econocom Products & Solutions UK Limited’s revenue fell 32% to £46.6m in the year to 31 Dec 2023, with £950k profit and 37 employees. The company is classified under “information technology consultancy activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: London, London
Age: 36 yrs · since 1990
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 Dec 2023

Key figures

Capital-light

Revenue

£46.6m

Growth ▼32%

Profit

£950k

Growth ▼54.1%

Profit margin

Gross 12%

Employees

Change ▲2.8%

Profit / employee

£25.7k

Revenue/employee £1.3m

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£68.5m	£46.6m
Cost of sales	£60.9m	£41m
Gross profit	£7.6m	£5.6m
Operating profit	£2.5m	£1.2m
Profit before tax	£2.6m	£1.3m
Profit after tax	£2.1m	£950k
Profit (best available)	£2.1m	£950k
Staff costs	£3.9m	£3.4m
Employees (average)	36	37
Ratios
Profit margin	3%	2%
Gross margin	11.1%	12%
Revenue per employee	£1.9m	£1.3m
Profit per employee	£57.5k	£25.7k
Growth (year on year)
Revenue growth	—	▼32%
Profit growth	—	▼54.1%
Headcount growth	—	▲2.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.6m	£14.4m
Net assets	£4m	£5m
Fixed assets	£44.8k	£35.8k
Current assets	£14.9m	£15.3m
Debtors	£777k	£404k
Deferred income	£518k	£1.3m
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024

Derived from the latest filing

How the business works

Profit margin: 2%; Profit ÷ revenue.
Gross margin: 12%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.3m; Revenue ÷ average employees.
Profit per employee: £25.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.9%; 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: ▲24%; Now £5m
Cash at bank: ▲118%; Now £14.4m
Headcount: ▲3%; Now 37
Deferred income: ▲151%; Now £1.3m
Fixed assets: ▼20%; Now £35.8k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Econocom Group Se (registered outside the UK register)ultimate parent75–100%
Econocom Products & Solutions UK Limitedthis company

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

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £950k), from the Companies House accounts bulk data published Feb 2024. 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.