How much does Systematic Software Engineering Limited make?

Systematic Software Engineering Limited reported revenue of £36.7m and £2m profit in the year to 30 Sep 2024, according to its accounts filed at Companies House.

How many employees does Systematic Software Engineering Limited have?

Systematic Software Engineering Limited reported an average of 0 employees in the year to 30 Sep 2024.

Is Systematic Software Engineering Limited profitable?

Yes — Systematic Software Engineering Limited reported a profit of £2m in the year to 30 Sep 2024.

Company No. 02753294 · Incorporated 6 Oct 1992

Systematic Software Engineering Limited

Registered name: SYSTEMATIC SOFTWARE ENGINEERING LIMITED

Systematic Software Engineering Limited made £36.7m revenue and £2m profit in the year to 30 Sep 2024.

Systematic Software Engineering Limited’s revenue grew 44% to £36.7m in the year to 30 Sep 2024, with £2m profit and 0 employees. The company is classified under “information technology consultancy activities” and is based in Farnborough; we hold 3 years of its filed accounts.

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

Status: Active
Location: Farnborough, South East
Age: 34 yrs · since 1992
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Latest accounts · year to 30 Sep 2024

Key figures

IndependentSmall teamCapital-lightOperating leverageDoing more with less

Revenue

£36.7m

Growth ▲44.1%

Profit

£2m

Growth ▲190.6%

Profit margin

5.5%

Gross 23%

Employees

Change ▼100%

Profit / employee

—

Profitable streak

3yrs

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	30 Sep 2022	30 Sep 2023	30 Sep 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£24.5m	£25.5m	£36.7m
Cost of sales	£19.6m	£20.1m	£28.2m
Gross profit	£4.8m	£5.3m	£8.4m
Operating profit	£1.4m	£520k	£2.1m
Profit before tax	£1.4m	£884k	£2.7m
Profit after tax	£1.1m	£700k	£2m
Profit (best available)	£1.1m	£700k	£2m
Employees (average)	26	29	0
Ratios
Profit margin	4.7%	2.8%	5.5%
Gross margin	19.7%	20.9%	23%
Revenue per employee	£940k	£878k	—
Profit per employee	£44.1k	£24.1k	—
Growth (year on year)
Revenue growth	—	▲4.1%	▲44.1%
Profit growth	—	▼38.9%	▲190.6%
Headcount growth	—	▲11.5%	▼100%
Balance sheet — indirect signals, not revenue
Cash at bank	£21.5m	£18m	£4.4m
Net assets	£5.2m	£6.3m	£4.3m
Fixed assets	£238k	£625k	£845k
Current assets	£26.6m	£38.4m	£17.6m
Debtors	£4m	£17.4m	£4.2m
Deferred income	£8.3m	£11.7m	£5.2m
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Feb 2025

Derived from the latest filing

How the business works

Profit margin: 5.5%; Profit ÷ revenue.
Gross margin: 23%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 14.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.4%; 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: ▼32%; Now £4.3m
Cash at bank: ▼76%; Now £4.4m
Headcount: ▼100%; Now 0
Deferred income: ▼55%; Now £5.2m
Fixed assets: ▲35%; Now £845k

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Sep 2024 (profit £2m), from the Companies House accounts bulk data published Feb 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.