How much does Napier Technologies Limited make?

Napier Technologies Limited reported revenue of £21m and a loss of £14.5m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Napier Technologies Limited have?

Napier Technologies Limited reported an average of 176 employees in the year to 31 Dec 2024.

Is Napier Technologies Limited profitable?

No — Napier Technologies Limited reported a loss of £14.5m in the year to 31 Dec 2024.

Company No. 09901129 · Incorporated 3 Dec 2015

Napier Technologies Limited

Registered name: NAPIER TECHNOLOGIES LIMITED

Part of Lapis Topco Limited group

Napier Technologies Limited made £21m revenue and a £14.5m loss in the year to 31 Dec 2024.

Napier Technologies Limited’s revenue grew 11% to £21m in the year to 31 Dec 2024, with a loss of £14.5m and 176 employees. The company is classified under “business and domestic software development” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: London, London
Age: 10 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 2024

Key figures

Doing more with lessCash flow filed

Revenue

£21m

Growth ▲11.2%

Profit

−£14.5m

Growth —

Profit margin

−68.8%

Gross 58.3%

Employees

176

Change ▼9.7%

Profit / employee

−£82.2k

Revenue/employee £120k

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)	£18.9m	£21m
Cost of sales	£8.3m	£8.8m
Gross profit	£10.6m	£12.3m
Operating profit	−£10.2m	−£11m
Profit before tax	−£12.8m	−£15.5m
Profit after tax	−£10.9m	−£14.5m
Profit (best available)	−£10.9m	−£14.5m
Staff costs	£12.9m	£13.1m
Employees (average)	195	176
Ratios
Profit margin	−57.6%	−68.8%
Gross margin	56.1%	58.3%
Revenue per employee	£97k	£120k
Profit per employee	−£55.8k	−£82.2k
Growth (year on year)
Revenue growth	—	▲11.2%
Headcount growth	—	▼9.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£296k	£1.1m
Net assets	−£24m	−£32.6m
Fixed assets	£18.8m	£17.4m
Current assets	£7.3m	£6.4m
Debtors	£2.7m	£1.9m
Deferred income	£7.7m	£7.6m
Cash from operations	£968k	£952k
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −68.8%; Profit ÷ revenue.
Gross margin: 58.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £120k; Revenue ÷ average employees.
Profit per employee: −£82.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 82.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 36.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9%; 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 −£32.6m
Cash at bank: ▲273%; Now £1.1m
Headcount: ▼10%; Now 176
Deferred income: ▼0%; Now £7.6m
Fixed assets: ▼7%; Now £17.4m

Corporate ownership

Group structure

Ownership chain

Lapis Topco Limitedultimate parent75–100%
Lapis Midco Limited75–100%
Lapis Bidco Limited75–100%
Napier Technologies Limitedthis company

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

Subsidiaries (2)

Fortytwo Data LimitedFigures not disclosed
Napier Nominees 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 −£14.5m), from the Companies House accounts bulk data published Sep 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.