1st Technologies Ltd
Registered name: 1ST TECHNOLOGIES LTD
Part of 1st Technologies Group Ltd group1st Technologies Ltd made £18.7m revenue and £1.8m profit in the year to 31 Dec 2024.
1st Technologies Ltd’s revenue grew 9% to £18.7m in the year to 31 Dec 2024, with £1.8m profit and 68 employees. The company is classified under “other information technology service activities” and is based in Preston; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Preston, North West
- Age
- 28 yrs · since 1997
- 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.
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 | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £16.2m | £17.1m | £18.7m |
| Cost of sales | £10.5m | £11.1m | £10.7m |
| Gross profit | £5.7m | £6m | £8m |
| Operating profit | £1.8m | £1.6m | £2.3m |
| Profit before tax | £1.8m | £1.6m | £2.3m |
| Profit after tax | £1.5m | £1.3m | £1.8m |
| Profit (best available) | £1.5m | £1.3m | £1.8m |
| Staff costs | £2m | £2.4m | £2.8m |
| Employees (average) | 62 | 67 | 68 |
| Ratios | |||
| Profit margin | 9% | 7.6% | 9.5% |
| Gross margin | 35.3% | 35.2% | 42.7% |
| Revenue per employee | £262k | £256k | £275k |
| Profit per employee | £23.6k | £19.5k | £26.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▲5.5% | ▲9.3% |
| Profit growth | — | ▼10.7% | ▲36.1% |
| Headcount growth | — | ▲8.1% | ▲1.5% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £7m | £1.5m | £1.5m |
| Net assets | £7.7m | £6.5m | £5.5m |
| Fixed assets | £81.6k | £86.2k | £196k |
| Current assets | £11.9m | £9m | £8.6m |
| Debtors | £499k | £320k | £467k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Jul 2025 |
How the business works
- Profit margin
- 9.5%
- Profit ÷ revenue.
- Gross margin
- 42.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £275k
- Revenue ÷ average employees.
- Profit per employee
- £26.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.5%
- 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
- ▼15%
- Now £5.5m
- Cash at bank
- ▲2%
- Now £1.5m
- Headcount
- ▲1%
- Now 68
- Deferred income
- —
- Now —
- Fixed assets
- ▲128%
- Now £196k
Group structure
Ownership chain
- 1st Technologies Group Ltdultimate parent75–100%
- 1st Technologies (Holding) Limited75–100%
- 1st Technologies Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- ICT Direct 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 2024 (profit £1.8m), from the Companies House accounts bulk data published Jul 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.