Technology Solutions (UK) Limited
Registered name: TECHNOLOGY SOLUTIONS (UK) LIMITED
Part of Assa Abloy Ab groupTechnology Solutions (UK) Limited made £3.5m revenue and £239k profit in the year to 31 Dec 2024. read from filing text
Technology Solutions (UK) Limited’s revenue fell 7% to £3.5m in the year to 31 Dec 2024, with £239k profit and 18 employees. The company is classified under “manufacture of loaded electronic boards” and is based in Loughborough; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Loughborough, East Midlands
- Age
- 33 yrs · since 1993
- 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: “T”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | — | £3.8m | £3.5m |
| Cost of sales | — | £2.6m | £2.6m |
| Gross profit | — | £1.1m | £919k |
| Operating profit | — | £425k | £405k |
| Profit before tax | — | £334k | £239k |
| Profit after tax | — | £273k | £239k |
| Profit (best available) | — | £273k | £239k |
| Employees (average) | 22 | 20 | 18 |
| Ratios | |||
| Profit margin | — | 7.2% | 6.8% |
| Gross margin | — | 30.5% | 26.2% |
| Revenue per employee | — | £188k | £195k |
| Profit per employee | — | £13.6k | £13.3k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼6.7% |
| Profit growth | — | — | ▼12.3% |
| Headcount growth | — | ▼9.1% | ▼10% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £392k | £320k | £120k |
| Net assets | £3.1m | £273k | £512k |
| Fixed assets | £64.4k | £77.5k | £61.7k |
| Current assets | £3.8m | £4.4m | £3m |
| Debtors | £364k | £539k | £277k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 6.8%
- Profit ÷ revenue.
- Gross margin
- 26.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £195k
- Revenue ÷ average employees.
- Profit per employee
- £13.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.9%
- Money owed by customers. Low = customers pay quickly.
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
- ▲88%
- Now £512k
- Cash at bank
- ▼63%
- Now £120k
- Headcount
- ▼10%
- Now 18
- Deferred income
- —
- Now —
- Fixed assets
- ▼20%
- Now £61.7k
Group structure
Ownership chain
- Assa Abloy Ab (registered outside the UK register)ultimate parent75–100%
- Hid Corporation Limited75–100%
- Technology Solutions (UK) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Access LimitedRev. £15.5m · Profit £1.1m
- Third Millennium Systems LimitedRev. £4m · Profit £939k
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £239k), 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.