How much does Eol IT Services Ltd make?

Eol IT Services Ltd reported revenue of £6m and a loss of £3.2m in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Eol IT Services Ltd have?

Eol IT Services Ltd reported an average of 45 employees in the year to 31 Mar 2024.

Is Eol IT Services Ltd profitable?

No — Eol IT Services Ltd reported a loss of £3.2m in the year to 31 Mar 2024.

Company No. 03596433 · Incorporated 10 Jul 1998

Eol IT Services Ltd

Registered name: EOL IT SERVICES LTD

Part of Bridges Fund Management Limited group

Eol IT Services Ltd made £6m revenue and a £3.2m loss in the year to 31 Mar 2024.

Eol IT Services Ltd’s revenue was £6m in the year to 31 Mar 2024, with a loss of £3.2m and 45 employees. The company is classified under “information technology consultancy activities” and is based in Manchester; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities SIC 62090Other information technology service activities

Status: Liquidation
Location: Manchester, North 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. From the filing: “The immediate parent company is Renaissance Bidco Limited, a company registered in England and Wales, registered number 13686319. The ultimate parent company is Renaissance Topco Limited, a company re”

Latest accounts · year to 31 Mar 2024

Key figures

Revenue

£6m

Growth —

Profit

−£3.2m

Growth —

Profit margin

−53.8%

Gross 35.7%

Employees

Change —

Profit / employee

−£71.3k

Revenue/employee £133k

Profitable streak

0yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.9m	£10.9m	£6m
Cost of sales	£3.2m	£6.6m	£3.8m
Gross profit	£3.7m	£4.4m	£2.1m
Operating profit	£1.9m	£1.5m	−£3.3m
Profit before tax	£1.9m	£1.5m	−£3.3m
Profit after tax	£1.6m	£1.1m	−£3.2m
Profit (best available)	£1.6m	£1.1m	−£3.2m
Employees (average)	49	51	45
Ratios
Profit margin	23%	10.3%	−53.8%
Gross margin	54.1%	39.9%	35.7%
Revenue per employee	£140k	£214k	£133k
Profit per employee	£32.2k	£22.1k	−£71.3k
Balance sheet — indirect signals, not revenue
Cash at bank	£1.8m	£2.2m	£436k
Net assets	£2.2m	£3.4m	£168k
Fixed assets	£1.1m	£976k	£708k
Current assets	£3m	£4.5m	£1.4m
Debtors	£313k	£471k	£920k
Deferred income	£562k	£123k	£203k
Source	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: −53.8%; Profit ÷ revenue.
Gross margin: 35.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £133k; Revenue ÷ average employees.
Profit per employee: −£71.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 11.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.4%; 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: —; Now £168k
Cash at bank: —; Now £436k
Headcount: —; Now 45
Deferred income: —; Now £203k
Fixed assets: —; Now £708k

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

Bridges Fund Management Limitedultimate parent75–100%
Bridges Ventures Holdings Limited75–100%
Bridges Community Ventures Nominees Limited50–75%
Renaissance Topco Limited75–100%
Renaissance Midco Limited75–100%
Renaissance Bidco Limited75–100%
Eol IT Services Ltdthis company

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

Sister companies (1)

Tier 1 Asset Management LimitedRev. £15.1m · Profit £918k

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 Mar 2024 (profit −£3.2m), 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.