Itec Training Solutions Ltd
Registered name: ITEC TRAINING SOLUTIONS LTD
Part of Itec Employee Trustee Limited groupItec Training Solutions Ltd made £22.9m revenue and £2.6m profit in the year to 31 Jul 2025.
Itec Training Solutions Ltd’s revenue fell 1% to £22.9m in the year to 31 Jul 2025, with £2.6m profit and 212 employees. The company is classified under “other education” and is based in Cardiff; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 19 yrs · since 2007
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2022 | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £14.5m | £19.8m | £23.3m | £22.9m |
| Cost of sales | £6.7m | £11.7m | £13.6m | £13.5m |
| Gross profit | £7.8m | £8.1m | £9.7m | £9.5m |
| Operating profit | £4m | £3.4m | £4.3m | £3.4m |
| Profit before tax | £4m | £3.4m | £4.3m | £3.5m |
| Profit after tax | £3.3m | £2.7m | £3.2m | £2.6m |
| Profit (best available) | £3.3m | £2.7m | £3.2m | £2.6m |
| Staff costs | £4.6m | £6.4m | £7.7m | £7.7m |
| Employees (average) | 158 | 187 | 225 | 212 |
| Ratios | ||||
| Profit margin | 22.4% | 13.5% | 14% | 11.4% |
| Gross margin | 53.9% | 41.1% | 41.5% | 41.3% |
| Revenue per employee | £91.8k | £106k | £103k | £108k |
| Profit per employee | £20.6k | £14.3k | £14.4k | £12.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲36.6% | ▲17.4% | ▼1.5% |
| Profit growth | — | ▼17.9% | ▲21.6% | ▼19.7% |
| Headcount growth | — | ▲18.4% | ▲20.3% | ▼5.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.5m | £1.8m | £1.9m | £3.5m |
| Net assets | £3.3m | £3m | £3m | £4.8m |
| Fixed assets | £280k | £218k | £172k | £240k |
| Current assets | £5.1m | £6.1m | £5.7m | £7.1m |
| Debtors | £1.6m | £2.4m | £1.9m | £1.9m |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 11.4%
- Profit ÷ revenue.
- Gross margin
- 41.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £108k
- Revenue ÷ average employees.
- Profit per employee
- £12.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.2%
- 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
- ▲59%
- Now £4.8m
- Cash at bank
- ▲81%
- Now £3.5m
- Headcount
- ▼6%
- Now 212
- Deferred income
- —
- Now —
- Fixed assets
- ▲39%
- Now £240k
Group structure
Ownership chain
- Itec Employee Trustee Limitedultimate parent75–100%
- Itec Training Solutions (Holdings) Limited75–100%
- Itec Training Solutions Ltdthis 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).
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Sources
Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £2.6m), from the Companies House accounts bulk data published Apr 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.