Friend MTS Limited
Registered name: FRIEND MTS LIMITED
Part of Northedge Capital LLP groupFriend MTS Limited made £15.7m revenue and £984k profit in the year to 31 Dec 2024.
Friend MTS Limited’s revenue was £15.7m in the year to 31 Dec 2024, with £984k profit and 123 employees. The company is classified under “information technology consultancy activities” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 28 yrs · since 1998
- Type
- Private Limited Company
Key figures
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) | £6.6m | £15.6m | £15.7m |
| Cost of sales | −£1.6m | −£3.4m | −£3.6m |
| Gross profit | £5m | £12.3m | £12.1m |
| Operating profit | −£145k | £619k | £3.9m |
| Profit before tax | £1.6m | £4.3m | £1.2m |
| Profit after tax | £1.5m | £4.1m | £984k |
| Profit (best available) | £1.5m | £4.1m | £984k |
| Employees (average) | 98 | 117 | 123 |
| Ratios | |||
| Profit margin | 23% | 26.2% | 6.3% |
| Gross margin | 76.3% | 78.5% | 76.8% |
| Revenue per employee | £67k | £134k | £128k |
| Profit per employee | £15.4k | £35.1k | £8k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲0.4% |
| Profit growth | — | — | ▼76% |
| Headcount growth | — | — | ▲5.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | Accounts · bulk data May 2026 |
How the business works
- Profit margin
- 6.3%
- Profit ÷ revenue.
- Gross margin
- 76.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £128k
- Revenue ÷ average employees.
- Profit per employee
- £8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲5%
- Now 123
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Northedge Capital LLPultimate parent50–75%
- Friend MTS Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (13)
- Bliss Newco LimitedRev. £70.5m · Profit −£1m
- Bliss Bidco LimitedFigures not disclosed
- Cyclone 33 Topco LimitedFigures not disclosed
- Deva Travel and Tours LimitedFigures not disclosed
- Horse Racing Abroad LimitedFigures not disclosed
- International Travel Connections Transport LimitedFigures not disclosed
- Northedge Capital Corporate LimitedFigures not disclosed
- Northedge Capital Nominee LimitedFigures not disclosed
- Project Canopy Topco LimitedFigures not disclosed
- Regent Holidays (U.K.) LimitedFigures not disclosed
- Superlarge LimitedFigures not disclosed
- Tereo LimitedFigures not disclosed
- Western and Oriental Travel LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £984k), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.