How much does Spitfire Network Services Limited make?

Spitfire Network Services Limited reported revenue of £22.2m and £190k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Spitfire Network Services Limited have?

Spitfire Network Services Limited reported an average of 97 employees in the year to 31 Mar 2025.

Is Spitfire Network Services Limited profitable?

Yes — Spitfire Network Services Limited reported a profit of £190k in the year to 31 Mar 2025.

Company No. 02657590 · Incorporated 25 Oct 1991

Spitfire Network Services Limited

Registered name: SPITFIRE NETWORK SERVICES LIMITED

Part of Spitfire Technology Holdings Limited group

Spitfire Network Services Limited made £22.2m revenue and £190k profit in the year to 31 Mar 2025. read from filing text

Spitfire Network Services Limited’s revenue grew 1% to £22.2m in the year to 31 Mar 2025, with £190k profit and 97 employees. The company is classified under “other telecommunications activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61900Other telecommunications activities

Status: Active
Location: London, London
Age: 34 yrs · since 1991
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. From the filing: “The ultimate parent company is Spitfire Technology Holdings Limited, a company registered in England and Wales.”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-lightDoing more with lessCash flow filed

Revenue

£22.2m

Growth ▲0.8%

Profit

£190k

Growth —

Profit margin

0.9%

Gross 42.9%

Employees

Change ▼3%

Profit / employee

£2k

Revenue/employee £228k

Profitable streak

1yr

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£22.6m	£22m	£22.2m
Cost of sales	£12.7m	£12.6m	£12.7m
Gross profit	£9.9m	£9.3m	£9.5m
Operating profit	£788k	−£213k	£89.5k
Profit before tax	£749k	−£241k	£65.8k
Profit after tax	£597k	−£241k	£190k
Profit (best available)	£597k	−£241k	£190k
Staff costs	£6.3m	£6.6m	£6.6m
Employees (average)	97	100	97
Ratios
Profit margin	2.6%	−1.1%	0.9%
Gross margin	43.8%	42.5%	42.9%
Revenue per employee	£232k	£220k	£228k
Profit per employee	£6.2k	−£2.4k	£2k
Cash conversion	—	—	−66.3%
Growth (year on year)
Revenue growth	—	▼2.5%	▲0.8%
Profit growth	—	▼140.3%	—
Headcount growth	—	▲3.1%	▼3%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.9m	£1.3m	£802k
Net assets	£2m	£1m	£800k
Fixed assets	£1.2m	£1.7m	£1.6m
Current assets	£4.3m	£3m	£2.7m
Debtors	£244k	£328k	£369k
Deferred income	£2.1m	£2.3m	£2.3m
Cash from operations	—	£117k	−£59.3k
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 42.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £228k; Revenue ÷ average employees.
Profit per employee: £2k; Profit ÷ average employees.
Cash conversion: −66.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.7%; 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: ▼21%; Now £800k
Cash at bank: ▼41%; Now £802k
Headcount: ▼3%; Now 97
Deferred income: ▼1%; Now £2.3m
Fixed assets: ▼9%; Now £1.6m

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

Spitfire Technology Holdings Limitedultimate parent75–100%
Spitfire Technology Group Limited75–100%
Spitfire Network Services Limitedthis company

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

Sister companies (4)

Hurricane Broadband LtdFigures not disclosed
Spitfire Digital Networks LimitedRev. — · Profit −£180
Spitfire Security Systems LimitedRev. — · Profit £0
Spitfire Telecommunications LimitedRev. — · Profit £0

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 Mar 2025 (profit £190k), from the Companies House accounts bulk data published Nov 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.