How much does Integrated International Payroll Limited make?

Integrated International Payroll Limited reported revenue of £26.5m and a loss of £8m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Integrated International Payroll Limited have?

Integrated International Payroll Limited reported an average of 117 employees in the year to 31 Dec 2024.

Is Integrated International Payroll Limited profitable?

No — Integrated International Payroll Limited reported a loss of £8m in the year to 31 Dec 2024.

Company No. 04920388 · Incorporated 3 Oct 2003

Integrated International Payroll Limited

Registered name: INTEGRATED INTERNATIONAL PAYROLL LIMITED

Part of Eqt Ab group

Integrated International Payroll Limited made £26.5m revenue and a £8m loss in the year to 31 Dec 2024. read from filing text

Integrated International Payroll Limited’s revenue grew 10% to £26.5m in the year to 31 Dec 2024, with a loss of £8m and 117 employees. The company is classified under “other software publishing” and is based in Cheltenham; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58290Other software publishing

Status: Active
Location: Cheltenham, South West
Age: 23 yrs · since 2003
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 controlling party is Ibidem Capital Limited, the parent company. Ibidem Capital Limited is a company incorporated in the United Kingdom and registered in England and Wales.”

Latest accounts · year to 31 Dec 2024

Key figures

Doing more with less

Revenue

£26.5m

Growth ▲10.1%

Profit

−£8m

Growth —

Profit margin

−29.9%

Gross 33.2%

Employees

117

Change ▼7.9%

Profit / employee

−£68k

Revenue/employee £227k

Profitable streak

0yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£20.7m	£24.1m	£26.5m
Cost of sales	£14.7m	£15.7m	£17.7m
Gross profit	£6m	£8.4m	£8.8m
Operating profit	−£1.3m	−£1.9m	−£1.4m
Profit before tax	−£3.8m	−£5.8m	−£8.2m
Profit after tax	−£3.5m	−£3m	−£8m
Profit (best available)	−£3.5m	−£3m	−£8m
Staff costs	£6.6m	£7.3m	£7.1m
Employees (average)	120	127	117
Ratios
Profit margin	−17%	−12.3%	−29.9%
Gross margin	29.1%	35%	33.2%
Revenue per employee	£173k	£190k	£227k
Profit per employee	−£29.4k	−£23.3k	−£68k
Growth (year on year)
Revenue growth	—	▲16.4%	▲10.1%
Headcount growth	—	▲5.8%	▼7.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.8m	£2.1m	£2.7m
Net assets	−£464k	£897k	£7.9m
Fixed assets	£2m	£3m	£3.2m
Current assets	£19.4m	£22.8m	£16.3m
Debtors	£3.4m	£3.7m	£5.3m
Deferred income	£2.8m	£2.8m	£3.6m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −29.9%; Profit ÷ revenue.
Gross margin: 33.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £227k; Revenue ÷ average employees.
Profit per employee: −£68k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 12.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.9%; 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: ▲785%; Now £7.9m
Cash at bank: ▲30%; Now £2.7m
Headcount: ▼8%; Now 117
Deferred income: ▲26%; Now £3.6m
Fixed assets: ▲8%; Now £3.2m

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

Eqt Ab (registered outside the UK register)ultimate parent75–100%
Vistra Holdings (UK) Limited75–100%
Vistra Ie Bidco Limited75–100%
Ibidem Capital Limited75–100%
Integrated International Payroll Limitedthis company

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

Sister companies (1)

Integrated International Payroll (Holdings) LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£8m), from the Companies House accounts bulk data published Sep 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.