How much does Usertesting Technologies Limited make?

Usertesting Technologies Limited reported revenue of £18.8m and £236k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Usertesting Technologies Limited have?

Usertesting Technologies Limited reported an average of 76 employees in the year to 31 Dec 2023.

Is Usertesting Technologies Limited profitable?

Yes — Usertesting Technologies Limited reported a profit of £236k in the year to 31 Dec 2023.

Company No. 06984058 · Incorporated 6 Aug 2009

Usertesting Technologies Limited

Registered name: USERTESTING TECHNOLOGIES LIMITED

Usertesting Technologies Limited made £18.8m revenue and £236k profit in the year to 31 Dec 2023. read from filing text

Usertesting Technologies Limited’s revenue grew 7% to £18.8m in the year to 31 Dec 2023, with £236k profit and 76 employees. The company is classified under “information technology consultancy activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: London, 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. From the filing: “The immediate parent company is UserZoom Technologies Inc, a company incorporated in the United States of America. The registered office is 1484 Pollard Rd #271, Los Gatos, CA, 95032-1031.”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightOperating leverageDoing more with lessCash flow filed

Revenue

£18.8m

Growth ▲7.4%

Profit

£236k

Growth ▲32.4%

Profit margin

1.3%

Gross 93.2%

Employees

Change ▼5%

Profit / employee

£3.1k

Revenue/employee £248k

Profitable streak

2yrs

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	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£17.5m	£18.8m
Cost of sales	£2.1m	£1.3m
Gross profit	£15.4m	£17.5m
Operating profit	£453k	£391k
Profit before tax	£454k	£392k
Profit after tax	£178k	£236k
Profit (best available)	£178k	£236k
Employees (average)	80	76
Ratios
Profit margin	1%	1.3%
Gross margin	87.9%	93.2%
Revenue per employee	£219k	£248k
Profit per employee	£2.2k	£3.1k
Cash conversion	1136%	−536%
Growth (year on year)
Revenue growth	—	▲7.4%
Profit growth	—	▲32.4%
Headcount growth	—	▼5%
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£4.1m
Net assets	£2m	£2.4m
Fixed assets	£106k	£60.4k
Current assets	£16.2m	£32.7m
Debtors	£3m	£11.4m
Deferred income	£4.7k	£59.7k
Cash from operations	£5.1m	−£2.1m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 1.3%; Profit ÷ revenue.
Gross margin: 93.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £248k; Revenue ÷ average employees.
Profit per employee: £3.1k; Profit ÷ average employees.
Cash conversion: −536%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 60.8%; 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: ▲23%; Now £2.4m
Cash at bank: ▲104%; Now £4.1m
Headcount: ▼5%; Now 76
Deferred income: ▲1182%; Now £59.7k
Fixed assets: ▼43%; Now £60.4k

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 Dec 2023 (profit £236k), from the Companies House accounts bulk data published Jul 2024. 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.