How much does Tracer Management Systems Limited make?

Tracer Management Systems Limited reported revenue of £14.2m and a loss of £4m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Tracer Management Systems Limited have?

Tracer Management Systems Limited reported an average of 216 employees in the year to 31 Dec 2024.

Is Tracer Management Systems Limited profitable?

No — Tracer Management Systems Limited reported a loss of £4m in the year to 31 Dec 2024.

Company No. 03611671 · Incorporated 7 Aug 1998

Tracer Management Systems Limited

Registered name: TRACER MANAGEMENT SYSTEMS LIMITED

Part of Logical UK Holdco Limited group

Tracer Management Systems Limited made £14.2m revenue and a £4m loss in the year to 31 Dec 2024.

Tracer Management Systems Limited’s revenue grew 39% to £14.2m in the year to 31 Dec 2024, with a loss of £4m and 216 employees. The company is classified under “business and domestic software development” and is based in Birmingham; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: Birmingham, West Midlands
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 Joblogic Limited, a company registered in England and Wales”

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£14.2m

Growth ▲39.1%

Profit

−£4m

Growth —

Profit margin

−28.4%

Gross 77.2%

Employees

216

Change ▲176.9%

Profit / employee

−£18.7k

Revenue/employee £65.9k

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 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£10.2m	£14.2m
Cost of sales	—	£2.4m	£3.2m
Gross profit	—	£7.8m	£11m
Operating profit	—	−£2m	−£3.6m
Profit before tax	—	−£2.3m	−£4.8m
Profit after tax	—	−£2.2m	−£4m
Profit (best available)	—	−£2.2m	−£4m
Staff costs	—	£6.8m	£10.1m
Employees (average)	54	78	216
Ratios
Profit margin	—	−21.5%	−28.4%
Gross margin	—	76.2%	77.2%
Revenue per employee	—	£131k	£65.9k
Profit per employee	—	−£28.2k	−£18.7k
Growth (year on year)
Revenue growth	—	—	▲39.1%
Headcount growth	—	▲44.4%	▲176.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£379k	£849k	£282k
Net assets	£2.2m	£2.3m	−£8.1m
Fixed assets	£13.4k	£11.1m	£19.3m
Current assets	£3.7m	£7.3m	£7.7m
Debtors	£3m	£4.9m	£7.1m
Deferred income	—	£6.7m	£9.6m
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −28.4%; Profit ÷ revenue.
Gross margin: 77.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £65.9k; Revenue ÷ average employees.
Profit per employee: −£18.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 135.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 67.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 50.2%; 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: ▼458%; Now −£8.1m
Cash at bank: ▼67%; Now £282k
Headcount: ▲177%; Now 216
Deferred income: ▲44%; Now £9.6m
Fixed assets: ▲74%; Now £19.3m

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

Logical UK Holdco Limitedultimate parent75–100%
Logical UK Midco Limited75–100%
Logical UK Bidco Limited75–100%
Shelby Topco Limited75–100%
Shelby Midco Limited75–100%
Shelby Bidco Limited75–100%
Joblogic Limited75–100%
Tracer Management Systems Limitedthis company

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

Subsidiaries (3)

Clik Holdings LimitedFigures not disclosed
Invida LimitedFigures not disclosed
Protean Software LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£4m), from the Companies House accounts bulk data published Sep 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.