Azego TS Limited
Registered name: AZEGO TS LIMITED
Part of Azego Group Holdings Limited groupAzego TS Limited made £15.8m revenue and £192k profit in the year to 31 Dec 2025.
Azego TS Limited’s revenue grew 42% to £15.8m in the year to 31 Dec 2025, with £192k profit and 35 employees. The company is classified under “other information technology service activities” and is based in Reading; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Reading, South East
- Age
- 30 yrs · since 1996
- 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: “Azego Group Holdings Limited”
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 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £105m | £27.5m | £11.2m | £15.8m |
| Cost of sales | £77.7m | £20m | £8.3m | £11.9m |
| Gross profit | £27.3m | £7.6m | £2.8m | £3.9m |
| Operating profit | £23.1m | £3.4m | −£286k | £316k |
| Profit before tax | £23.1m | £3.6m | −£212k | £320k |
| Profit after tax | £18.7m | £2.9m | −£204k | £192k |
| Profit (best available) | £18.7m | £2.9m | −£204k | £192k |
| Staff costs | — | £2.9m | £1.8m | £2.2m |
| Employees (average) | 37 | 34 | 37 | 35 |
| Ratios | ||||
| Profit margin | 17.8% | 10.5% | −1.8% | 1.2% |
| Gross margin | 26% | 27.5% | 25.4% | 24.6% |
| Revenue per employee | £2.8m | £810k | £302k | £451k |
| Profit per employee | £505k | £85.4k | −£5.5k | £5.5k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼73.8% | ▼59.5% | ▲41.5% |
| Profit growth | — | ▼84.5% | ▼107% | — |
| Headcount growth | — | ▼8.1% | ▲8.8% | ▼5.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £8.1m | £6.2m | £726k | £95.3k |
| Net assets | £13.7m | £2.6m | £2.4m | £2.6m |
| Fixed assets | £1.4m | £622k | £487k | £512k |
| Current assets | £26.5m | £10.4m | £3.8m | £6.9m |
| Debtors | £14.6m | £2.3m | £1.8m | £4.9m |
| Deferred income | £2.2m | £1.2m | £431k | £393k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 1.2%
- Profit ÷ revenue.
- Gross margin
- 24.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £451k
- Revenue ÷ average employees.
- Profit per employee
- £5.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 31.2%
- 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
- ▲8%
- Now £2.6m
- Cash at bank
- ▼87%
- Now £95.3k
- Headcount
- ▼5%
- Now 35
- Deferred income
- ▼9%
- Now £393k
- Fixed assets
- ▲5%
- Now £512k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Azego Group Holdings Limitedultimate parent75–100%
- Azego TS Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Vision Display Solutions LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £192k), from the Companies House accounts bulk data published Sep 2026. 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.