How much does Fido Tech Ltd make?

Fido Tech Ltd reported revenue of £3.3m and a loss of £6.8m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Fido Tech Ltd have?

Fido Tech Ltd reported an average of 70 employees in the year to 31 Dec 2024.

Is Fido Tech Ltd profitable?

No — Fido Tech Ltd reported a loss of £6.8m in the year to 31 Dec 2024.

Company No. 09121732 · Incorporated 8 Jul 2014

Fido Tech Ltd

Registered name: FIDO TECH LTD

Part of Fido AI Limited group

Fido Tech Ltd made £3.3m revenue and a £6.8m loss in the year to 31 Dec 2024.

Fido Tech Ltd’s revenue grew 6% to £3.3m in the year to 31 Dec 2024, with a loss of £6.8m and 70 employees. The company is classified under “information technology consultancy activities” and is based in Bicester; we hold 2 years of its filed accounts.

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

Status: Active
Location: Bicester, South East
Age: 12 yrs · since 2014
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.

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£3.3m

Growth ▲5.7%

Profit

−£6.8m

Growth —

Profit margin

−208%

Gross 10.8%

Employees

Change ▲25%

Profit / employee

−£97.7k

Revenue/employee £46.9k

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 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.1m	£3.3m
Cost of sales	£1.3m	£2.9m
Gross profit	£1.9m	£354k
Operating profit	−£4.3m	−£6.5m
Profit before tax	−£4.4m	−£6.7m
Profit after tax	−£4.7m	−£6.8m
Profit (best available)	−£4.7m	−£6.8m
Employees (average)	56	70
Ratios
Profit margin	−151.3%	−208%
Gross margin	59.6%	10.8%
Revenue per employee	£55.5k	£46.9k
Profit per employee	−£84k	−£97.7k
Growth (year on year)
Revenue growth	—	▲5.7%
Headcount growth	—	▲25%
Balance sheet — indirect signals, not revenue
Cash at bank	£480k	£828k
Net assets	−£6m	£2.2m
Fixed assets	£1.4m	£1.4m
Current assets	£1.9m	£3.3m
Debtors	£455k	£1.6m
Deferred income	£1.2m	£2m
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −208%; Profit ÷ revenue.
Gross margin: 10.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £46.9k; Revenue ÷ average employees.
Profit per employee: −£97.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 42.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 61.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 49.4%; 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 £2.2m
Cash at bank: ▲73%; Now £828k
Headcount: ▲25%; Now 70
Deferred income: ▲62%; Now £2m
Fixed assets: ▲4%; Now £1.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Fido AI Limitedultimate parent75–100%
Fido Tech Ltdthis company

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

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£6.8m), from the Companies House accounts bulk data published Dec 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.