How much does Turn IT on Limited make?

Turn IT on Limited reported revenue of £20.6m and a loss of £49.9k in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Turn IT on Limited have?

Turn IT on Limited reported an average of 278 employees in the year to 31 Mar 2026.

Is Turn IT on Limited profitable?

No — Turn IT on Limited reported a loss of £49.9k in the year to 31 Mar 2026.

Company No. 04995157 · Incorporated 15 Dec 2003

Turn IT on Limited

Registered name: TURN IT ON LIMITED

Part of Foundation Investment Partners Management LLP group

Turn IT on Limited made £20.6m revenue and a £49.9k loss in the year to 31 Mar 2026.

Turn IT on Limited’s revenue grew 13% to £20.6m in the year to 31 Mar 2026, with a loss of £49.9k and 278 employees. The company is classified under “information technology consultancy activities” and is based in Witney; we hold 5 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: Witney, 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. From the filing: “Education Technology Services Bidco Limited”

Latest accounts · year to 31 Mar 2026

Key figures

Revenue

£20.6m

Growth ▲13.4%

Profit

−£49.9k

Growth ▼108.7%

Profit margin

−0.2%

Gross 13%

Employees

278

Change ▲15.8%

Profit / employee

−£179

Revenue/employee £74k

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.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.7m	£14.7m	£16.9m	£18.1m	£20.6m
Cost of sales	£4m	£5.2m	£14.4m	£16.1m	£17.9m
Gross profit	£6.7m	£9.6m	£2.6m	£2.1m	£2.7m
Operating profit	£1m	£1.7m	£1m	£650k	−£36.5k
Profit before tax	£1m	£1.7m	£2.5m	£665k	−£9.7k
Profit after tax	£892k	£924k	£2.4m	£574k	−£49.9k
Profit (best available)	£892k	£924k	£2.4m	£574k	−£49.9k
Staff costs	£5m	£6.7m	£7.2m	£9m	£11.4m
Employees (average)	—	243	206	240	278
Ratios
Profit margin	8.3%	6.3%	14%	3.2%	−0.2%
Gross margin	62.4%	65%	15.2%	11.4%	13%
Revenue per employee	—	£60.5k	£82.3k	£75.5k	£74k
Profit per employee	—	£3.8k	£11.5k	£2.4k	−£179
Cash conversion	58.6%	135.2%	—	—	—
Growth (year on year)
Revenue growth	—	▲37.1%	▲15.3%	▲7%	▲13.4%
Profit growth	—	▲3.6%	▲157.3%	▼75.9%	▼108.7%
Headcount growth	—	—	▼15.2%	▲16.5%	▲15.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.5m	£1.3m	£583k	£2.4m	£2.5m
Net assets	£2.9m	£4.2m	£5.5m	£6.1m	£6m
Fixed assets	£439k	£4.4m	£4.5m	£7.4m	£7.5m
Current assets	£4.4m	£3.5m	£5.8m	£5.9m	£9.2m
Debtors	£1.2m	£827k	£2m	£1.3m	£1.7m
Deferred income	£876k	£986k	£889k	£1.1m	£1.4m
Cash from operations	£594k	£2.3m	—	—	—
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Oct 2025	FullAccounts · bulk data Oct 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −0.2%; Profit ÷ revenue.
Gross margin: 13%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £74k; Revenue ÷ average employees.
Profit per employee: −£179; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 36.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8%; 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: ▼1%; Now £6m
Cash at bank: ▲6%; Now £2.5m
Headcount: ▲16%; Now 278
Deferred income: ▲29%; Now £1.4m
Fixed assets: ▲1%; Now £7.5m

Corporate ownership

Group structure

Ownership chain

Foundation Investment Partners Management LLPultimate parent75–100%
Foundation Investments Partners UK Limited75–100%
Foundation Investment Partners II (GP) LLP75–100%
TLG Topco Limited75–100%
TLG Midco Limited75–100%
Transforming Learning Group Limited75–100%
Turn IT on Limitedthis company

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

Subsidiaries (4)

Lexicon Lifeline LtdFigures not disclosed
School ICT Group LimitedFigures not disclosed
Turn IT on Trustees LimitedFigures not disclosed
Vital York LimitedFigures not disclosed

Sister companies (3)

Education Finance Solutions LimitedFigures not disclosed
Salamandersoft LimitedFigures not disclosed
SBM Services (UK) LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit −£49.9k), from the Companies House accounts bulk data published Sep 2026. 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.