How much does Planet IT Limited make?

Planet IT Limited reported revenue of £16.3m and £104k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Planet IT Limited have?

Planet IT Limited reported an average of 86 employees in the year to 31 Dec 2023.

Is Planet IT Limited profitable?

Yes — Planet IT Limited reported a profit of £104k in the year to 31 Dec 2023.

Company No. 04965388 · Incorporated 17 Nov 2003

Planet IT Limited

Registered name: PLANET IT LIMITED

Part of TFP Telecoms Limited group

Planet IT Limited made £16.3m revenue and £104k profit in the year to 31 Dec 2023.

Planet IT Limited’s revenue grew 5% to £16.3m in the year to 31 Dec 2023, with £104k profit and 86 employees. The company is classified under “other information technology service activities” and is based in Abingdon; we hold 2 years of its filed accounts.

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

Status: Active
Location: Abingdon, South East
Age: 22 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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightDoing more with lessCash flow filed

Revenue

£16.3m

Growth ▲5.2%

Profit

£104k

Growth ▼73%

Profit margin

0.6%

Gross 30.8%

Employees

Change ▼6.5%

Profit / employee

£1.2k

Revenue/employee £189k

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 to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.5m	£16.3m
Cost of sales	£11m	£11.3m
Gross profit	£4.4m	£5m
Operating profit	£468k	£125k
Profit before tax	£483k	£144k
Profit after tax	£385k	£104k
Profit (best available)	£385k	£104k
Staff costs	£2.9m	£3.7m
Employees (average)	92	86
Ratios
Profit margin	2.5%	0.6%
Gross margin	28.6%	30.8%
Revenue per employee	£168k	£189k
Profit per employee	£4.2k	£1.2k
Cash conversion	70.3%	369.8%
Growth (year on year)
Revenue growth	—	▲5.2%
Profit growth	—	▼73%
Headcount growth	—	▼6.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£384k	£535k
Net assets	£1.6m	£1.4m
Fixed assets	£84.5k	£83.4k
Current assets	£4m	£4.7m
Debtors	£1.7m	£1.9m
Deferred income	£654k	£809k
Cash from operations	£329k	£462k
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 0.6%; Profit ÷ revenue.
Gross margin: 30.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £189k; Revenue ÷ average employees.
Profit per employee: £1.2k; Profit ÷ average employees.
Cash conversion: 369.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.6%; 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: ▼11%; Now £1.4m
Cash at bank: ▲39%; Now £535k
Headcount: ▼7%; Now 86
Deferred income: ▲24%; Now £809k
Fixed assets: ▼1%; Now £83.4k

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

TFP Telecoms Limitedultimate parent75–100%
Talktalk Business Direct Limited75–100%
TTB Pluto Limited75–100%
Planet IT 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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £104k), 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.