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Company No. 04423304 · Incorporated 24 Apr 2002

Inspired Technology Services Limited

Registered name: INSPIRED TECHNOLOGY SERVICES LIMITED

Inspired Technology Services Limited made £20.3m revenue and £560k profit in the year to 31 Mar 2024.

Inspired Technology Services Limited’s revenue fell 15% to £20.3m in the year to 31 Mar 2024, with £560k profit and 12 employees. The company is classified under “other information technology service activities” and is based in Canterbury; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities
Status
Active
Location
Canterbury, South East
Age
24 yrs · since 2002
Type
Private Limited Company
Latest accounts · year to 31 Mar 2024

Key figures

IndependentCapital-lightCash flow filed
Revenue
£20.3m
Growth ▼15.4%
Profit
£560k
Growth ▼31.6%
Profit margin
2.8%
Gross 13.5%
Employees
12
Change 0%
Profit / employee
£46.7k
Revenue/employee £1.7m
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202331 Mar 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£24m£20.3m
Cost of sales£21.3m£17.5m
Gross profit£2.6m£2.7m
Operating profit£1m£752k
Profit before tax£1m£752k
Profit after tax£819k£560k
Profit (best available)£819k£560k
Staff costs£998k£1.2m
Employees (average)1212
Ratios
Profit margin3.4%2.8%
Gross margin11%13.5%
Revenue per employee£2m£1.7m
Profit per employee£68.3k£46.7k
Cash conversion141.4%−46.9%
Growth (year on year)
Revenue growth—▼15.4%
Profit growth—▼31.6%
Headcount growth—0%
Balance sheet — indirect signals, not revenue
Cash at bank£1.8m£1.3m
Net assets£3.4m£4m
Fixed assets£1.8m£1.8m
Current assets£5.8m£4.4m
Debtors£3.6m£2.5m
Deferred income£728k£502k
Cash from operations£1.4m−£353k
SourceFullAccounts · bulk data Oct 2024FullAccounts · bulk data Oct 2024
Derived from the latest filing

How the business works

Profit margin
2.8%
Profit ÷ revenue.
Gross margin
13.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£1.7m
Revenue ÷ average employees.
Profit per employee
£46.7k
Profit ÷ average employees.
Cash conversion
−46.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
8.7%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
2.5%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
12.1%
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
▲16%
Now £4m
Cash at bank
▼28%
Now £1.3m
Headcount
0%
Now 12
Deferred income
▼31%
Now £502k
Fixed assets
▼5%
Now £1.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £560k), from the Companies House accounts bulk data published Oct 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.