How much does Tier 1 Asset Management Limited make?

Tier 1 Asset Management Limited reported revenue of £15.1m and £918k profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Tier 1 Asset Management Limited have?

Tier 1 Asset Management Limited reported an average of 84 employees in the year to 31 Mar 2026.

Is Tier 1 Asset Management Limited profitable?

Yes — Tier 1 Asset Management Limited reported a profit of £918k in the year to 31 Mar 2026.

Company No. 03708416 · Incorporated 4 Feb 1999

Tier 1 Asset Management Limited

Registered name: TIER 1 ASSET MANAGEMENT LIMITED

Part of Bridges Fund Management Limited group

Tier 1 Asset Management Limited made £15.1m revenue and £918k profit in the year to 31 Mar 2026.

Tier 1 Asset Management Limited’s revenue grew 3% to £15.1m in the year to 31 Mar 2026, with £918k profit and 84 employees. The company is classified under “retail sale via mail order houses or via internet” and is based in Manchester; we hold 5 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47910Retail sale via mail order houses or via Internet SIC 62020Information technology consultancy activities SIC 62090Other information technology service activities

Status: Active
Location: Manchester, North West
Age: 27 yrs · since 1999
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 under company number 13686319. Renaissance Topco Limited, a company registered in England and Wales”

Latest accounts · year to 31 Mar 2026

Key figures

Capital-lightDoing more with less

Revenue

£15.1m

Growth ▲2.6%

Profit

£918k

Growth —

Profit margin

6.1%

Gross 52.4%

Employees

Change ▼5.6%

Profit / employee

£10.9k

Revenue/employee £179k

Profitable streak

1yr

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£14.7m	£15.8m	£13.8m	£14.7m	£15.1m
Cost of sales	£8.1m	£8.2m	£6.5m	£6.9m	£7.2m
Gross profit	£6.7m	£7.7m	£7.3m	£7.7m	£7.9m
Operating profit	£1.4m	−£639k	−£6.2m	−£1.1m	−£486k
Profit before tax	£1.4m	−£638k	−£6.2m	−£1.1m	£918k
Profit after tax	£1.1m	−£686k	−£6.2m	−£1.1m	£918k
Profit (best available)	£1.1m	−£686k	−£6.2m	−£1.1m	£918k
Staff costs	£2.4m	£2.9m	£4.1m	£4.1m	£3.8m
Employees (average)	66	75	84	89	84
Ratios
Profit margin	7.8%	−4.3%	−44.6%	−7.2%	6.1%
Gross margin	45.2%	48.4%	52.7%	52.8%	52.4%
Revenue per employee	£223k	£211k	£165k	£165k	£179k
Profit per employee	£17.4k	−£9.1k	−£73.4k	−£11.9k	£10.9k
Growth (year on year)
Revenue growth	—	▲7.4%	▼12.6%	▲6%	▲2.6%
Profit growth	—	▼159.8%	—	—	—
Headcount growth	—	▲13.6%	▲12%	▲5.9%	▼5.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.2m	£5m	£529k	£1.1m	£2.6m
Net assets	£3.9m	£3.2m	−£2.5m	−£3.6m	−£2.6m
Fixed assets	£177k	£497k	£689k	£1.3m	£850k
Current assets	£6.6m	£8.5m	£3.3m	£4.1m	£5.2m
Debtors	£1.4m	£2.1m	£1.5m	£2m	£1.3m
Deferred income	£1.1m	£557k	£449k	£802k	£980k
Source	Accounts · bulk data Jul 2024	Accounts · bulk data Jul 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Mar 2026	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 6.1%; Profit ÷ revenue.
Gross margin: 52.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £179k; Revenue ÷ average employees.
Profit per employee: £10.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.9%; 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 −£2.6m
Cash at bank: ▲127%; Now £2.6m
Headcount: ▼6%; Now 84
Deferred income: ▲22%; Now £980k
Fixed assets: ▼32%; Now £850k

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%
Tier 1 Asset Management Limitedthis company

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

Sister companies (1)

Eol IT Services LtdLiquidationRev. £6m · Profit −£3.2m

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 Mar 2026 (profit £918k), from the Companies House accounts bulk data published Aug 2026. 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.