How much does Empiric Solutions Limited make?

Empiric Solutions Limited reported revenue of £41.2m and £59.1k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Empiric Solutions Limited have?

Empiric Solutions Limited reported an average of 80 employees in the year to 31 Dec 2024.

Is Empiric Solutions Limited profitable?

Yes — Empiric Solutions Limited reported a profit of £59.1k in the year to 31 Dec 2024.

Company No. 05533824 · Incorporated 11 Aug 2005

Empiric Solutions Limited

Registered name: EMPIRIC SOLUTIONS LIMITED

Part of Tourstan Global Limited group

Empiric Solutions Limited made £41.2m revenue and £59.1k profit in the year to 31 Dec 2024. read from filing text

Empiric Solutions Limited’s revenue fell 8% to £41.2m in the year to 31 Dec 2024, with £59.1k profit and 80 employees. The company is classified under “information technology consultancy activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities SIC 70229Management consultancy activities other than financial management SIC 78109Other activities of employment placement agencies SIC 78200Temporary employment agency activities

Status: Active
Location: London, London
Age: 21 yrs · since 2005
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 ultimate controlling party is S Kamyar.”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£41.2m

Growth ▼8%

Profit

£59.1k

Growth —

Profit margin

0.1%

Gross 21.9%

Employees

Change ▼16.7%

Profit / employee

£739

Revenue/employee £515k

Profitable streak

1yr

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	31 Dec 2021	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	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£35.3m	£47.5m	£44.8m	£41.2m
Cost of sales	£27.2m	£36.7m	£35.2m	£32.2m
Gross profit	£8.2m	£10.8m	£9.6m	£9m
Operating profit	£676k	£1.6m	£132k	£487k
Profit before tax	£593k	£1.5m	−£118k	£235k
Profit after tax	£512k	£1.3m	−£163k	£59.1k
Profit (best available)	£512k	£1.3m	−£163k	£59.1k
Staff costs	£5.1m	£6.2m	£6.5m	£5.8m
Employees (average)	64	90	96	80
Ratios
Profit margin	1.5%	2.7%	−0.4%	0.1%
Gross margin	23.2%	22.8%	21.3%	21.9%
Revenue per employee	£552k	£527k	£466k	£515k
Profit per employee	£8k	£14.2k	−£1.7k	£739
Growth (year on year)
Revenue growth	—	▲34.3%	▼5.7%	▼8%
Profit growth	—	▲150.2%	▼112.7%	—
Headcount growth	—	▲40.6%	▲6.7%	▼16.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£786k	£1.3m	£408k	£466k
Net assets	£2.1m	£2.4m	£1.7m	£1.6m
Fixed assets	£90.7k	£269k	£70.7k	£143k
Current assets	£12m	£16.7m	£11.4m	£10.7m
Debtors	£4.5m	£7.1m	£5.9m	£4.9m
Deferred income	£3.7m	£3.2m	£0	£77.8k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 0.1%; Profit ÷ revenue.
Gross margin: 21.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £515k; Revenue ÷ average employees.
Profit per employee: £739; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12%; 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: ▼10%; Now £1.6m
Cash at bank: ▲14%; Now £466k
Headcount: ▼17%; Now 80
Deferred income: —; Now £77.8k
Fixed assets: ▲103%; Now £143k

Corporate ownership

Group structure

Ownership chain

Tourstan Global Limitedultimate parent75–100%
Tourstan Group Limited75–100%
Empiric Solutions Limitedthis company

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

Sister companies (1)

Next Tech Girls LimitedFigures 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 £59.1k), 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.