Air IT Group Limited
Registered name: AIR IT GROUP LIMITED
Part of August Equity LLP groupAir IT Group Limited made £63.3m revenue and £1.6m profit in the year to 31 Dec 2024.
Air IT Group Limited’s revenue grew 30% to £63.3m in the year to 31 Dec 2024, with £1.6m profit and 465 employees. The company is classified under “information technology consultancy activities” and is based in Nottingham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Nottingham
- Age
- 21 yrs · since 2005
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £16.8m | £48.6m | £63.3m |
| Cost of sales | −£6.7m | −£20.1m | −£28.7m |
| Gross profit | £10.1m | £28.4m | £34.6m |
| Operating profit | −£845k | £2.1m | £1.5m |
| Profit before tax | −£851k | £2.1m | £1.5m |
| Profit after tax | −£814k | £2m | £1.6m |
| Profit (best available) | −£814k | £2m | £1.6m |
| Employees (average) | 175 | 416 | 465 |
| Ratios | |||
| Profit margin | −4.9% | 4.2% | 2.5% |
| Gross margin | 60.2% | 58.6% | 54.7% |
| Revenue per employee | £95.9k | £117k | £136k |
| Profit per employee | −£4.7k | £4.9k | £3.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲189.6% | ▲30.3% |
| Profit growth | — | — | ▼23.2% |
| Headcount growth | — | ▲137.7% | ▲11.8% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | Accounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 2.5%
- Profit ÷ revenue.
- Gross margin
- 54.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £136k
- Revenue ÷ average employees.
- Profit per employee
- £3.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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 —
- Cash at bank
- —
- Now —
- Headcount
- ▲12%
- Now 465
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- August Equity LLPultimate parent75–100%
- August Equity Management Limited75–100%
- August Equity Partners V GP Limited75–100%
- August Equity Partners V General Partner LLP50–75%
- Koru Topco Limited75–100%
- Koru Midco 1 Limited75–100%
- Koru Midco 2 Limited75–100%
- Koru Bidco Limited75–100%
- Air IT Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (12)
- Arteri Holdings LimitedFigures not disclosed
- Concise Technologies Group LimitedFigures not disclosed
- Iitl LimitedFigures not disclosed
- MFG UK LimitedFigures not disclosed
- MTL Technology LimitedFigures not disclosed
- Nexus GS LimitedFigures not disclosed
- Scoria LimitedFigures not disclosed
- SCS Technology Solutions LimitedFigures not disclosed
- Silverbug LimitedFigures not disclosed
- Soconnect LimitedFigures not disclosed
- Upstream Group LimitedFigures not disclosed
- Vital Technology Group LtdFigures not disclosed
Sister companies (1)
- Netstar Group LtdFigures not disclosed
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £1.6m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 22 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.