How much does Titian Software Limited make?

Titian Software Limited reported revenue of £18.9m and £1.8m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Titian Software Limited have?

Titian Software Limited reported an average of 102 employees in the year to 31 Mar 2024.

Is Titian Software Limited profitable?

Yes — Titian Software Limited reported a profit of £1.8m in the year to 31 Mar 2024.

Company No. 03867924 · Incorporated 28 Oct 1999

Titian Software Limited

Registered name: TITIAN SOFTWARE LIMITED

Part of BV Acquisitions Xiv DSH Limited group

Titian Software Limited made £18.9m revenue and £1.8m profit in the year to 31 Mar 2024.

Titian Software Limited’s revenue grew 11% to £18.9m in the year to 31 Mar 2024, with £1.8m profit and 102 employees. The company is classified under “other information technology service activities” and is based in London; we hold 3 years of its filed accounts.

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

Status: Active
Location: London, London
Age: 26 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.

Latest accounts · year to 31 Mar 2024

Key figures

Capital-light

Revenue

£18.9m

Growth ▲11.2%

Profit

£1.8m

Growth ▼37.6%

Profit margin

9.4%

Gross 35.5%

Employees

102

Change ▲9.7%

Profit / employee

£17.4k

Revenue/employee £186k

Profitable streak

3yrs

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 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£14m	£17m	£18.9m
Cost of sales	£8m	£10.4m	£12.2m
Gross profit	£6.1m	£6.7m	£6.7m
Operating profit	£3.8m	£3.4m	£2.1m
Profit before tax	£3.8m	£3.4m	£2.1m
Profit after tax	£3.1m	£2.8m	£1.8m
Profit (best available)	£3.1m	£2.8m	£1.8m
Staff costs	£5.7m	£7.5m	£8.5m
Employees (average)	79	93	102
Ratios
Profit margin	22.2%	16.7%	9.4%
Gross margin	43.2%	39.1%	35.5%
Revenue per employee	£178k	£183k	£186k
Profit per employee	£39.5k	£30.6k	£17.4k
Growth (year on year)
Revenue growth	—	▲21.2%	▲11.2%
Profit growth	—	▼8.7%	▼37.6%
Headcount growth	—	▲17.7%	▲9.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£11.1m	£6m	£5.8m
Net assets	£3.4m	£6.3m	£2.5m
Fixed assets	£120k	£106k	£81k
Current assets	£16.2m	£17.9m	£16.1m
Debtors	£4m	£4.9m	£4.8m
Deferred income	£11.6m	£10.5m	£12.2m
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	Accounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 9.4%; Profit ÷ revenue.
Gross margin: 35.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £186k; Revenue ÷ average employees.
Profit per employee: £17.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 64.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 25.3%; 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: ▼60%; Now £2.5m
Cash at bank: ▼4%; Now £5.8m
Headcount: ▲10%; Now 102
Deferred income: ▲17%; Now £12.2m
Fixed assets: ▼24%; Now £81k

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

BV Acquisitions Xiv DSH Limitedultimate parent75–100%
Discovery Software Holdings Pledgeco Limited75–100%
Discovery Software Holdings Acquico Limited75–100%
Titian Software Holdings Limited75–100%
Titian Software Limitedthis company

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

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 accounts for the year to 31 Mar 2024 (profit £1.8m), 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.