How much does Towsafe Ltd make?

Towsafe Ltd reported revenue of £62.3k and £22.2k profit in the year to 31 May 2024, according to its accounts filed at Companies House.

How many employees does Towsafe Ltd have?

Towsafe Ltd reported an average of 2 employees in the year to 31 May 2024.

Is Towsafe Ltd profitable?

Yes — Towsafe Ltd reported a profit of £22.2k in the year to 31 May 2024.

Company No. 08537067 · Incorporated 20 May 2013

Towsafe Ltd

Registered name: TOWSAFE LTD

Towsafe Ltd made £62.3k revenue and £22.2k profit in the year to 31 May 2024.

Towsafe Ltd’s revenue fell 8% to £62.3k in the year to 31 May 2024, with £22.2k profit and 2 employees. The company is classified under “business and domestic software development” and is based in Sheffield; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: Sheffield, Yorkshire and The Humber
Age: 13 yrs · since 2013
Type: Private Limited Company

Latest accounts · year to 31 May 2024

Key figures

IndependentSmall teamCapital-light

Revenue

£62.3k

Growth ▼8.3%

Profit

£22.2k

Growth ▼11.3%

Profit margin

35.7%

Gross 84.2%

Employees

Change 0%

Profit / employee

£11.1k

Revenue/employee £31.2k

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 May 2023	31 May 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£68k	£62.3k
Cost of sales	£10.9k	£9.9k
Gross profit	£57.1k	£52.5k
Operating profit	£31k	£27.4k
Profit before tax	£31k	£27.4k
Profit after tax	£25.1k	£22.2k
Profit (best available)	£25.1k	£22.2k
Employees (average)	2	2
Ratios
Profit margin	36.9%	35.7%
Gross margin	84%	84.2%
Revenue per employee	£34k	£31.2k
Profit per employee	£12.5k	£11.1k
Growth (year on year)
Revenue growth	—	▼8.3%
Profit growth	—	▼11.3%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£40.8k	£36.7k
Net assets	£15.9k	£12.1k
Fixed assets	£1	£575
Current assets	£56k	£47k
Debtors	£15.2k	£10.4k
Source	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: 35.7%; Profit ÷ revenue.
Gross margin: 84.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £31.2k; Revenue ÷ average employees.
Profit per employee: £11.1k; Profit ÷ average employees.
Cash conversion: —; 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: 16.6%; 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: ▼24%; Now £12.1k
Cash at bank: ▼10%; Now £36.7k
Headcount: 0%; Now 2
Deferred income: —; Now —
Fixed assets: ▲57400%; Now £575

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2024 (profit £22.2k), from the Companies House accounts bulk data published Mar 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.