How much does Safetonet Limited make?

Safetonet Limited reported revenue of £19.3m and a loss of £5.2m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Safetonet Limited have?

Safetonet Limited reported an average of 219 employees in the year to 31 Dec 2024.

Is Safetonet Limited profitable?

No — Safetonet Limited reported a loss of £5.2m in the year to 31 Dec 2024.

Company No. 08733316 · Incorporated 15 Oct 2013

Safetonet Limited

Registered name: SAFETONET LIMITED

Safetonet Limited made £19.3m revenue and a £5.2m loss in the year to 31 Dec 2024.

Safetonet Limited’s revenue was £19.3m in the year to 31 Dec 2024, with a loss of £5.2m and 219 employees. The company is classified under “other information technology service activities” and is based in Reading; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: Reading, South East
Age: 13 yrs · since 2013
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCash flow filed

Revenue

£19.3m

Growth ▼0.4%

Profit

−£5.2m

Growth —

Profit margin

−27.1%

Gross 80.2%

Employees

219

Change ▼0.9%

Profit / employee

−£23.9k

Revenue/employee £88.2k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15m	£18.1m	£19.4m	£19.3m
Cost of sales	£3.5m	£4.5m	£4.7m	£3.8m
Gross profit	£11.5m	£13.6m	£14.7m	£15.5m
Operating profit	−£6.1m	−£6.6m	−£4.3m	−£4.6m
Profit before tax	−£6.2m	−£7m	−£5m	−£5.2m
Profit after tax	−£5.7m	−£6.8m	−£5m	−£5.2m
Profit (best available)	−£5.7m	−£6.8m	−£5m	−£5.2m
Staff costs	£10m	£11.5m	£10.6m	£10.5m
Employees (average)	242	262	221	219
Ratios
Profit margin	−37.9%	−37.5%	−25.7%	−27.1%
Gross margin	77%	75.1%	75.8%	80.2%
Revenue per employee	£61.9k	£69.1k	£87.8k	£88.2k
Profit per employee	−£23.5k	−£25.9k	−£22.6k	−£23.9k
Growth (year on year)
Revenue growth	—	—	▲7.1%	▼0.4%
Headcount growth	—	—	▼15.7%	▼0.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£16.4k	£82.1k	£28.7k	£27.2k
Net assets	£7m	£4.6m	−£4.6m	−£8.8m
Fixed assets	£5.3m	£5.1m	£3.9m	£2.8m
Current assets	£6.3m	£7.1m	£450k	£448k
Debtors	£2.2m	£3m	£28.3k	£30.6k
Deferred income	£122k	£386k	£124k	—
Cash from operations	£1.6m	−£3.7m	£352k	−£1.6m
Source	Accounts · bulk data May 2024	Accounts · bulk data May 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: −27.1%; Profit ÷ revenue.
Gross margin: 80.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £88.2k; Revenue ÷ average employees.
Profit per employee: −£23.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.2%; 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: —; Now −£8.8m
Cash at bank: ▼5%; Now £27.2k
Headcount: ▼1%; Now 219
Deferred income: —; Now —
Fixed assets: ▼28%; Now £2.8m

Corporate ownership

Group structure

Subsidiaries (1)

Safetonet HB LimitedFigures 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 31 Dec 2024 (profit −£5.2m), from the Companies House accounts bulk data published Jul 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.