How much does Txo Systems Ltd make?

Txo Systems Ltd reported revenue of £33.4m and a loss of £2.4m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Txo Systems Ltd have?

Txo Systems Ltd reported an average of 116 employees in the year to 31 Dec 2025.

Is Txo Systems Ltd profitable?

No — Txo Systems Ltd reported a loss of £2.4m in the year to 31 Dec 2025.

Company No. 05479601 · Incorporated 13 Jun 2005

Txo Systems Ltd

Registered name: TXO SYSTEMS LTD

Part of Txo Delta Topco Ltd group

Txo Systems Ltd made £33.4m revenue and a £2.4m loss in the year to 31 Dec 2025. read from filing text

Txo Systems Ltd’s revenue was £33.4m in the year to 31 Dec 2025, with a loss of £2.4m and 116 employees. The company is classified under “other telecommunications activities” and is based in Chepstow; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61900Other telecommunications activities

Status: Active
Location: Chepstow, Wales
Age: 21 yrs · since 2005
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 company’s immediate parent company is TXO Delta Bidco Limited, a company registered in England and Wales.”

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£33.4m

Growth —

Profit

−£2.4m

Growth —

Profit margin

−7.3%

Gross 38.7%

Employees

116

Change —

Profit / employee

−£21.1k

Revenue/employee £288k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2022	30 Jun 2023	30 Jun 2024	31 Dec 2025
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£23.5m	£24.2m	£33.4m
Cost of sales	£26.6m	£31.1m	£14.2m	£20.4m
Gross profit	—	£8.9m	£10m	£12.9m
Operating profit	—	−£2.6m	£1.7m	−£2.9m
Profit before tax	—	−£175k	£1.8m	−£3.1m
Profit after tax	—	£3.5m	£1.4m	−£2.4m
Profit (best available)	—	£3.5m	£1.4m	−£2.4m
Staff costs	£5.9m	£10.1m	£6.4m	£10m
Employees (average)	112	119	121	116
Ratios
Profit margin	—	14.9%	5.8%	−7.3%
Gross margin	—	38.1%	41.4%	38.7%
Revenue per employee	—	£197k	£200k	£288k
Profit per employee	—	£29.4k	£11.6k	−£21.1k
Growth (year on year)
Revenue growth	—	—	▲3.2%	—
Profit growth	—	—	▼59.9%	—
Headcount growth	—	▲6.3%	▲1.7%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£3m	£6.1m	£978k	£865k
Net assets	£8.6m	£14.9m	£16.4m	£29.8m
Fixed assets	£4.9m	£5m	£5m	£5.5m
Current assets	£12.4m	£23.1m	£24.6m	£43.1m
Debtors	£2.3m	£2.8m	£2.2m	£3m
Deferred income	£5.6m	£6.6m	£7m	£6.5m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −7.3%; Profit ÷ revenue.
Gross margin: 38.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £288k; Revenue ÷ average employees.
Profit per employee: −£21.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 16.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 19.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.9%; 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: —; Now £29.8m
Cash at bank: —; Now £865k
Headcount: —; Now 116
Deferred income: —; Now £6.5m
Fixed assets: —; Now £5.5m

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

Txo Delta Topco Ltd (registered outside the UK register)ultimate parent75–100%
Txo Delta Midco Limited75–100%
Txo Delta Bidco Limited75–100%
Txo Systems Ltdthis company

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

Subsidiaries (1)

MMX Communications Services LimitedRev. £11.9m · Profit £856k

Sister companies (1)

Lynx UK LimitedRev. £8.1m · Profit £1.1m

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 Dec 2025 (profit −£2.4m), 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.