How much does Ith Pharma Limited make?

Ith Pharma Limited reported revenue of £83.3m and a loss of £4m in the year to 30 Sep 2025, according to its accounts filed at Companies House.

How many employees does Ith Pharma Limited have?

Ith Pharma Limited reported an average of 305 employees in the year to 30 Sep 2025.

Is Ith Pharma Limited profitable?

No — Ith Pharma Limited reported a loss of £4m in the year to 30 Sep 2025.

Company No. 06569105 · Incorporated 17 Apr 2008

Ith Pharma Limited

Registered name: ITH PHARMA LIMITED

Part of Blue Iris Topco Limited group

Ith Pharma Limited made £83.3m revenue and a £4m loss in the year to 30 Sep 2025.

Ith Pharma Limited’s revenue grew 12% to £83.3m in the year to 30 Sep 2025, with a loss of £4m and 305 employees. The company is classified under “other manufacturing” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32990Other manufacturing n.e.c.

Status: Active
Location: London, London
Age: 18 yrs · since 2008
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.

Latest accounts · year to 30 Sep 2025

Key figures

Capital-light

Revenue

£83.3m

Growth ▲11.6%

Profit

−£4m

Growth ▼170.2%

Profit margin

−4.8%

Gross 46.2%

Employees

305

Change ▲5.5%

Profit / employee

−£13.2k

Revenue/employee £273k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Sep 2024	30 Sep 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£74.7m	£83.3m
Cost of sales	£41.9m	£44.9m
Gross profit	£32.8m	£38.5m
Operating profit	£8.2m	−£4.6m
Profit before tax	£8.7m	−£4.5m
Profit after tax	£5.7m	−£4m
Profit (best available)	£5.7m	−£4m
Staff costs	£15m	£27.1m
Employees (average)	289	305
Ratios
Profit margin	7.7%	−4.8%
Gross margin	43.9%	46.2%
Revenue per employee	£258k	£273k
Profit per employee	£19.8k	−£13.2k
Growth (year on year)
Revenue growth	—	▲11.6%
Profit growth	—	▼170.2%
Headcount growth	—	▲5.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£12.9m	£5.9m
Net assets	£36.6m	£32.6m
Fixed assets	£3.3m	£6.2m
Current assets	£43.4m	£43.2m
Debtors	£9.6m	£9.8m
Deferred income	£1.3m	£4.1m
Source	FullAccounts · bulk data Jun 2026	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: −4.8%; Profit ÷ revenue.
Gross margin: 46.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £273k; Revenue ÷ average employees.
Profit per employee: −£13.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.8%; 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: ▼11%; Now £32.6m
Cash at bank: ▼55%; Now £5.9m
Headcount: ▲6%; Now 305
Deferred income: ▲229%; Now £4.1m
Fixed assets: ▲88%; Now £6.2m

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

Blue Iris Topco Limitedultimate parent75–100%
Blue Iris Midco Limited75–100%
Blue Iris Bidco Limited75–100%
Ith Group Limited75–100%
Ith Pharma Limitedthis company

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

Sister companies (4)

Intra-Tech Healthcare LimitedActive - Proposal to Strike offFigures not disclosed
Ith Health LimitedFigures not disclosed
Ith Laboratories LtdActive - Proposal to Strike offFigures not disclosed
Ith Systems LimitedActive - Proposal to Strike offFigures 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 30 Sep 2025 (profit −£4m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.