How much does Ignition Technology Ltd make?

Ignition Technology Ltd reported revenue of £74.2m and £1.7m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Ignition Technology Ltd have?

Ignition Technology Ltd reported an average of 49 employees in the year to 31 Dec 2023.

Is Ignition Technology Ltd profitable?

Yes — Ignition Technology Ltd reported a profit of £1.7m in the year to 31 Dec 2023.

Company No. 09380523 · Incorporated 8 Jan 2015

Ignition Technology Ltd

Registered name: IGNITION TECHNOLOGY LTD

Part of Exclusive Networks Corporate group

Ignition Technology Ltd made £74.2m revenue and £1.7m profit in the year to 31 Dec 2023.

Ignition Technology Ltd’s revenue grew 31% to £74.2m in the year to 31 Dec 2023, with £1.7m profit and 49 employees. The company is classified under “wholesale of computers, computer peripheral equipment and software” and is based in Farnborough; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46510Wholesale of computers, computer peripheral equipment and software

Status: Active
Location: Farnborough, South East
Age: 11 yrs · since 2015
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 2023

Key figures

Capital-light

Revenue

£74.2m

Growth ▲30.5%

Profit

£1.7m

Growth ▼19.1%

Profit margin

2.2%

Gross 9.5%

Employees

Change ▲14%

Profit / employee

£34k

Revenue/employee £1.5m

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 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£56.8m	£74.2m
Cost of sales	£50m	£67.1m
Gross profit	£6.8m	£7.1m
Operating profit	£2.6m	£1.9m
Profit before tax	£2.6m	£2.2m
Profit after tax	£2.1m	£1.7m
Profit (best available)	£2.1m	£1.7m
Employees (average)	43	49
Ratios
Profit margin	3.6%	2.2%
Gross margin	12%	9.5%
Revenue per employee	£1.3m	£1.5m
Profit per employee	£47.8k	£34k
Growth (year on year)
Revenue growth	—	▲30.5%
Profit growth	—	▼19.1%
Headcount growth	—	▲14%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.4m	£9.7m
Net assets	£3.8m	£4.5m
Fixed assets	£33k	£209k
Current assets	£21.3m	£26.2m
Debtors	£12.7m	£15.8m
Deferred income	£1.8m	£1.4m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 2.2%; Profit ÷ revenue.
Gross margin: 9.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.5m; Revenue ÷ average employees.
Profit per employee: £34k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 21.3%; 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: ▲17%; Now £4.5m
Cash at bank: ▲53%; Now £9.7m
Headcount: ▲14%; Now 49
Deferred income: ▼19%; Now £1.4m
Fixed assets: ▲535%; Now £209k

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

Exclusive Networks Corporate (registered outside the UK register)ultimate parent75–100%
Everest UK Finco Limited75–100%
Ignition Bidco Limited75–100%
Ignition Technology Ltdthis company

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

Sister companies (1)

Ignition Technology Group LimitedFigures not disclosed

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £1.7m), from the Companies House accounts bulk data published Sep 2024. 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.