How much does Gleeds Technology Limited make?

Gleeds Technology Limited reported revenue of £5.5m and £48.9k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Gleeds Technology Limited have?

Gleeds Technology Limited reported an average of 18 employees in the year to 31 Dec 2023.

Is Gleeds Technology Limited profitable?

Yes — Gleeds Technology Limited reported a profit of £48.9k in the year to 31 Dec 2023.

Company No. 03591876 · Incorporated 2 Jul 1998

Gleeds Technology Limited

Registered name: GLEEDS TECHNOLOGY LIMITED

Part of Gleeds LLP group

Gleeds Technology Limited made £5.5m revenue and £48.9k profit in the year to 31 Dec 2023.

Gleeds Technology Limited’s revenue grew 26% to £5.5m in the year to 31 Dec 2023, with £48.9k profit and 18 employees. The company is classified under “other professional, scientific and technical activities” and is based in Bristol; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Liquidation
Location: Bristol, South West
Age: 28 yrs · since 1998
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.

Latest accounts · year to 31 Dec 2023

Key figures

Revenue

£5.5m

Growth ▲25.9%

Profit

£48.9k

Growth ▼51%

Profit margin

0.9%

Gross 20.4%

Employees

Change ▲12.5%

Profit / employee

£2.7k

Revenue/employee £304k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.3m	£5.5m
Cost of sales	£3.4m	£4.4m
Gross profit	£922k	£1.1m
Operating profit	£40.7k	£52.6k
Profit before tax	£40.7k	£52.6k
Profit after tax	£99.9k	£48.9k
Profit (best available)	£99.9k	£48.9k
Staff costs	£819k	£869k
Employees (average)	16	18
Ratios
Profit margin	2.3%	0.9%
Gross margin	21.2%	20.4%
Revenue per employee	£271k	£304k
Profit per employee	£6.2k	£2.7k
Growth (year on year)
Revenue growth	—	▲25.9%
Profit growth	—	▼51%
Headcount growth	—	▲12.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6k	£10.8k
Net assets	£1.2m	£1.2m
Fixed assets	£1.7m	£1.4m
Current assets	£505k	£793k
Debtors	£514	£249
Deferred income	£161k	£138k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 20.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £304k; Revenue ÷ average employees.
Profit per employee: £2.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 26.4%; 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: 0%; 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: ▲4%; Now £1.2m
Cash at bank: ▲561%; Now £10.8k
Headcount: ▲13%; Now 18
Deferred income: ▼15%; Now £138k
Fixed assets: ▼13%; Now £1.4m

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

Corporate ownership

Group structure

Ownership chain

Gleeds LLPultimate parent75–100%
Gleeds Cost Management Limited75–100%
Gleeds Technology Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (11)

Gleeds Management Services LimitedRev. £35.5m · Profit −£277k
Gleeds Energy LimitedRev. £23.2m · Profit £1.4m
Gleeds Building Surveying LimitedRev. £13.4m · Profit −£264k
Gleeds Health & Safety LimitedRev. £1.9m · Profit −£224k
Gleeds Advisory LimitedFigures not disclosed
Gleeds Corporate Services LimitedFigures not disclosed
Gleeds Employment Services (Bristol)LiquidationFigures not disclosed
Gleeds Employment Services (London)LiquidationFigures not disclosed
Gleeds Employment Services (Nottingham)LiquidationFigures not disclosed
Gleeds UK LimitedFigures not disclosed
GRBS SDTT LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £48.9k), from the Companies House accounts bulk data published Sep 2024. 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.