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Company No. 04283023 · Incorporated 6 Sep 2001

MS Modernisation Services UK, Ltd.

Registered name: MS MODERNISATION SERVICES UK, LTD.

Part of International Business Machines Corporation group

MS Modernisation Services UK, Ltd. made £2.5m revenue and £1.6m profit in the year to 31 Oct 2024.

MS Modernisation Services UK, Ltd.’s revenue was £2.5m in the year to 31 Oct 2024, with £1.6m profit and 0 employees. The company is classified under “information technology consultancy activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities
Status
Liquidation
Location
London, London
Age
25 yrs · since 2001
Type
Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 Oct 2024

Key figures

Small team
Revenue
£2.5m
Growth —
Profit
£1.6m
Growth —
Profit margin
65%
Gross 59.3%
Employees
0
Change —
Profit / employee
—
 
Profitable streak
2yrs
Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to28 Feb 202228 Feb 202329 Feb 202431 Oct 2024
DisclosureFull P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£843k£3.4m£2.9m£2.5m
Cost of sales£708k£3.1m£1.9m£1m
Gross profit£135k£247k£953k£1.5m
Operating profit£76.2k£228k£729k£1.5m
Profit before tax£76.2k−£618k£273k£1.7m
Profit after tax£76.2k−£618k£273k£1.6m
Profit (best available)£76.2k−£618k£273k£1.6m
Staff costs£24.3k£0——
Employees (average)1000
Ratios
Profit margin9%−18.2%9.6%65%
Gross margin16%7.3%33.4%59.3%
Revenue per employee£843k———
Profit per employee£76.2k———
Growth (year on year)
Revenue growth—▲302.6%▼16%—
Profit growth—▼911.5%——
Headcount growth—▼100%——
Balance sheet — indirect signals, not revenue
Cash at bank£164k£286k£596k£0
Net assets−£1.6m£6m£6.3m£1.9m
Current assets£789k£15m£17.4m£1.9m
Debtors£625k£816k£740k£0
Deferred income£337k£1m£1.3m£0
SourceFullAccounts · bulk data Feb 2024FullAccounts · bulk data Feb 2024FullAccounts · bulk data Oct 2024FullAccounts · bulk data Jun 2025
Derived from the latest filing

How the business works

Profit margin
65%
Profit ÷ revenue.
Gross margin
59.3%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
—
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
—
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0%
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 £1.9m
Cash at bank
—
Now £0
Headcount
—
Now 0
Deferred income
—
Now £0
Fixed assets
—
Now —

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

  1. International Business Machines Corporation (registered outside the UK register)ultimate parent75–100%
  2. Ibm North Region Holdings75–100%
  3. Ibm United Kingdom Holdings Limited75–100%
  4. Ibm United Kingdom Limited75–100%
  5. MS Modernisation Services UK, Ltd.this company

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

Sister companies (19)

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 Oct 2024 (profit £1.6m), from the Companies House accounts bulk data published Jun 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.