IT Innovative LtdDissolved
Registered name: IT INNOVATIVE LTD
IT Innovative Ltd made £154k revenue and £2.3k profit in the year to 31 Oct 2024.
IT Innovative Ltd’s revenue fell 19% to £154k in the year to 31 Oct 2024, with £2.3k profit and 1 employee. We hold 3 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £204k | £190k | £154k |
| Profit after tax | £46.1k | £39.8k | £2.3k |
| Profit (best available) | £46.1k | £39.8k | £2.3k |
| Staff costs | £32.3k | £29.1k | £18.1k |
| Employees (average) | — | 2 | 1 |
| Ratios | |||
| Profit margin | 22.6% | 20.9% | 1.5% |
| Revenue per employee | — | £95.2k | £154k |
| Profit per employee | — | £19.9k | £2.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▼6.9% | ▼19.1% |
| Profit growth | — | ▼13.6% | ▼94.3% |
| Headcount growth | — | — | ▼50% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £72.2k | £85.6k | £28.4k |
| Fixed assets | — | £1.3k | £2.5k |
| Current assets | £81.5k | £91.8k | £31.7k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Apr 2025 |
How the business works
- Profit margin
- 1.5%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £154k
- Revenue ÷ average employees.
- Profit per employee
- £2.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- ▼67%
- Now £28.4k
- Cash at bank
- —
- Now —
- Headcount
- ▼50%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▲95%
- Now £2.5k
Sources
Latest figures from FullAccounts for the year to 31 Oct 2024 (profit £2.3k), from the Companies House accounts bulk data published Apr 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.