How much does Its Technology Group Limited make?

Its Technology Group Limited reported revenue of £17m and a loss of £8.4m in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Its Technology Group Limited have?

Its Technology Group Limited reported an average of 124 employees in the year to 31 Dec 2022.

Is Its Technology Group Limited profitable?

No — Its Technology Group Limited reported a loss of £8.4m in the year to 31 Dec 2022.

Company No. 08786229 · Incorporated 22 Nov 2013

Its Technology Group Limited

Registered name: ITS TECHNOLOGY GROUP LIMITED

Part of Aviva PLC group

Its Technology Group Limited made £17m revenue and a £8.4m loss in the year to 31 Dec 2022.

Its Technology Group Limited’s revenue grew 83% to £17m in the year to 31 Dec 2022, with a loss of £8.4m and 124 employees. The company is classified under “other telecommunications activities” and is based in Warrington; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61900Other telecommunications activities

Status: Active
Location: Warrington, North West
Age: 12 yrs · since 2013
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: “ITS (Holdco) Limited”

Latest accounts · year to 31 Dec 2022

Key figures

Revenue

£17m

Growth ▲83.2%

Profit

−£8.4m

Growth —

Profit margin

−49.4%

Gross 60.4%

Employees

124

Change ▲106.7%

Profit / employee

−£67.9k

Revenue/employee £137k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.3m	£17m
Cost of sales	£4.4m	£6.8m
Gross profit	£4.9m	£10.3m
Operating profit	−£602k	−£3.6m
Profit before tax	−£3.1m	−£8.4m
Profit after tax	−£2.9m	−£8.4m
Profit (best available)	−£2.9m	−£8.4m
Staff costs	£4.2m	£10.3m
Employees (average)	60	124
Ratios
Profit margin	−30.9%	−49.4%
Gross margin	52.8%	60.4%
Revenue per employee	£155k	£137k
Profit per employee	−£47.9k	−£67.9k
Growth (year on year)
Revenue growth	—	▲83.2%
Headcount growth	—	▲106.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£473k	£1m
Net assets	−£13.2m	−£21.6m
Fixed assets	£23m	£73.2m
Current assets	£6m	£21.4m
Debtors	£5.1m	£11.7m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −49.4%; Profit ÷ revenue.
Gross margin: 60.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £137k; Revenue ÷ average employees.
Profit per employee: −£67.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 429.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 68.6%; 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: —; Now −£21.6m
Cash at bank: ▲119%; Now £1m
Headcount: ▲107%; Now 124
Deferred income: —; Now —
Fixed assets: ▲219%; Now £73.2m

Corporate ownership

Group structure

Ownership chain

Aviva PLCultimate parent75–100%
Aviva Group Holdings Limited75–100%
Aviva Investors Holdings Limited75–100%
Aviva Investors Real Estate Limited75–100%
Aviva Investors Infrastructure GP Limited50–75%
Aviva Investors Infrastructure Income No.6b1 Limited75–100%
Aviva Investors Infrastructure Income NO.6B Limited50–75%
Its (Holdco) Limited75–100%
Its (Midco) Limited75–100%
Its Technology Group Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (5)

Bnet Ultra LimitedFigures not disclosed
Its Hammersmith and Fulham LimitedFigures not disclosed
Its Nottingham LimitedFigures not disclosed
Its Telecom Solutions LimitedFigures not disclosed
Nextgenaccess LtdFigures 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 accounts for the year to 31 Dec 2022 (profit −£8.4m), from the Companies House accounts bulk data published Dec 2023. 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.