How much does Istorage Limited make?

Istorage Limited reported revenue of £10.6m and £1.3m profit in the year to 31 Jul 2024, according to its accounts filed at Companies House.

How many employees does Istorage Limited have?

Istorage Limited reported an average of 24 employees in the year to 31 Jul 2024.

Is Istorage Limited profitable?

Yes — Istorage Limited reported a profit of £1.3m in the year to 31 Jul 2024.

Company No. 06951286 · Incorporated 3 Jul 2009

Istorage Limited

Registered name: ISTORAGE LIMITED

Part of SG Im Holding Limited group

Istorage Limited made £10.6m revenue and £1.3m profit in the year to 31 Jul 2024. read from filing text

Istorage Limited’s revenue fell 6% to £10.6m in the year to 31 Jul 2024, with £1.3m profit and 24 employees. The company is classified under “other retail sale not in stores, stalls or markets” and is based in Greenford; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47990Other retail sale not in stores, stalls or markets

Status: Active
Location: Greenford, London
Age: 17 yrs · since 2009
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 31 Jul 2024

Key figures

Capital-lightCash flow filed

Revenue

£10.6m

Growth ▼5.8%

Profit

£1.3m

Growth ▼24.8%

Profit margin

12.1%

Gross 52.1%

Employees

Change 0%

Profit / employee

£53.7k

Revenue/employee £442k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jul 2022	31 Jul 2023	31 Jul 2024
Disclosure	Profit only	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£11.3m	£10.6m
Cost of sales	—	£5.3m	£5.1m
Gross profit	—	£5.9m	£5.5m
Operating profit	—	£2.1m	£1.7m
Profit before tax	—	£2m	£1.7m
Profit after tax	£1.2m	£1.7m	£1.3m
Profit (best available)	£1.2m	£1.7m	£1.3m
Employees (average)	26	24	24
Ratios
Profit margin	—	15.2%	12.1%
Gross margin	—	52.5%	52.1%
Revenue per employee	—	£470k	£442k
Profit per employee	£45.4k	£71.3k	£53.7k
Cash conversion	—	−118.4%	−132.3%
Growth (year on year)
Revenue growth	—	—	▼5.8%
Profit growth	—	▲45%	▼24.8%
Headcount growth	—	▼7.7%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£515k	£1.8m	£3.3m
Net assets	£4.8m	£6.1m	£7.2m
Fixed assets	£33k	£58.7k	£100k
Current assets	£6m	£6.9m	£7.8m
Debtors	£1.1m	£818k	£1m
Cash from operations	—	−£2.4m	−£2.3m
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2025

Derived from the latest filing

How the business works

Profit margin: 12.1%; Profit ÷ revenue.
Gross margin: 52.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £442k; Revenue ÷ average employees.
Profit per employee: £53.7k; Profit ÷ average employees.
Cash conversion: −132.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.6%; 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: ▲18%; Now £7.2m
Cash at bank: ▲87%; Now £3.3m
Headcount: 0%; Now 24
Deferred income: —; Now —
Fixed assets: ▲71%; Now £100k

Corporate ownership

Group structure

Ownership chain

SG Im Holding Limitedultimate parent75–100%
Istorage Holdings Limited75–100%
Istorage Limitedthis 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).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jul 2024 (profit £1.3m), from the Companies House accounts bulk data published Jan 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.