Virtual IT Limited
Registered name: VIRTUAL IT LIMITED
Virtual IT Limited made £19.1m revenue and £1.1m profit in the year to 30 Sep 2025. read from filing text
Virtual IT Limited’s revenue grew 10% to £19.1m in the year to 30 Sep 2025, with £1.1m profit and 133 employees. The company is classified under “other information technology service activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 25 yrs · since 2001
- 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: “Eldama Invest Limited (incorporated in British Virgin Islands) is regarded by the directors as being the company's ultimate parent company. Its registered office is Trident Chambers, PO Box 146, Road ”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £14.2m | £17.4m | £19.1m |
| Cost of sales | — | £7m | £8.2m | £9.1m |
| Gross profit | — | £7.2m | £9.3m | £10m |
| Operating profit | — | £652k | £966k | £1.6m |
| Profit before tax | — | £547k | £1.2m | £1.6m |
| Profit after tax | £243k | £340k | £730k | £1.1m |
| Profit (best available) | £243k | £340k | £730k | £1.1m |
| Staff costs | — | £4.4m | £5.9m | £6m |
| Employees (average) | 0 | 0 | 136 | 133 |
| Ratios | ||||
| Profit margin | — | 2.4% | 4.2% | 5.5% |
| Gross margin | — | 50.7% | 53.1% | 52.3% |
| Revenue per employee | — | — | £128k | £144k |
| Profit per employee | — | — | £5.4k | £8k |
| Cash conversion | — | — | −122.7% | −161.3% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲22.9% | ▲9.8% |
| Profit growth | — | ▲39.6% | ▲114.8% | ▲45.3% |
| Headcount growth | — | — | — | ▼2.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1m | £1.6m | £1.6m | £2.6m |
| Net assets | £1.6m | £2m | £2.4m | £2.3m |
| Fixed assets | £3.7m | £4.8m | £3.7m | £3m |
| Current assets | £2.7m | £4.1m | £4.1m | £5.4m |
| Debtors | £788k | £1.1m | £1.3m | £1.4m |
| Deferred income | £1.5m | £2.9m | £3.1m | £3.3m |
| Cash from operations | — | — | −£1.2m | −£2.6m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 5.5%
- Profit ÷ revenue.
- Gross margin
- 52.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £144k
- Revenue ÷ average employees.
- Profit per employee
- £8k
- Profit ÷ average employees.
- Cash conversion
- −161.3%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 15.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 17.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.6%
- Money owed by customers. Low = customers pay quickly.
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 £2.3m
- Cash at bank
- ▲67%
- Now £2.6m
- Headcount
- ▼2%
- Now 133
- Deferred income
- ▲6%
- Now £3.3m
- Fixed assets
- ▼19%
- Now £3m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- PDQ IT Support LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- CDL Production Services LimitedStockport · Other information technology service activities
- Revenue
- £19.3m
- Profit
- £2.3m
- Staff
- 6
- Titian Software LimitedLondon · Other information technology service activities
- Revenue
- £18.9m
- Profit
- £1.8m
- Staff
- 102
- Intralinks Ltd.London · Other information technology service activities
- Revenue
- £19.4m
- Profit
- £1m
- Staff
- 98
- 1st Technologies LtdPreston · Other information technology service activities
- Revenue
- £18.7m
- Profit
- £1.8m
- Staff
- 68
- I.T. Professional Services LimitedChester Le Street · Other information technology service activities
- Revenue
- £19.6m
- Profit
- £1.5m
- Staff
- 114
- Quantcast LimitedLondon · Other information technology service activities
- Revenue
- £18.6m
- Profit
- £1.2m
- Staff
- 101
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £1.1m), from the Companies House accounts bulk data published Dec 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.