How much does System Loco Ltd make?

System Loco Ltd reported revenue of £12.3m and a loss of £408k in the year to 30 Sep 2025, according to its accounts filed at Companies House.

How many employees does System Loco Ltd have?

System Loco Ltd reported an average of 31 employees in the year to 30 Sep 2025.

Is System Loco Ltd profitable?

No — System Loco Ltd reported a loss of £408k in the year to 30 Sep 2025.

Company No. 10374382 · Incorporated 14 Sep 2016

System Loco Ltd

Registered name: SYSTEM LOCO LTD

Part of Tagapp Ltd group

System Loco Ltd made £12.3m revenue and a £408k loss in the year to 30 Sep 2025. read from filing text

System Loco Ltd’s revenue fell 18% to £12.3m in the year to 30 Sep 2025, with a loss of £408k and 31 employees. The company is classified under “wireless telecommunications activities” and is based in Lancaster; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61200Wireless telecommunications activities

Status: Active
Location: Lancaster, North West
Age: 10 yrs · since 2016
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: “The company's immediate parent company is Tagapp Ltd (UK).”

Latest accounts · year to 30 Sep 2025

Key figures

Revenue

£12.3m

Growth ▼17.7%

Profit

−£408k

Growth —

Profit margin

−3.3%

Gross 36%

Employees

Change ▲19.2%

Profit / employee

−£13.2k

Revenue/employee £396k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Sep 2022	30 Sep 2023	30 Sep 2024	30 Sep 2025
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£12.7m	£14.9m	£12.3m
Cost of sales	—	£9.8m	£10.6m	£7.9m
Gross profit	—	£2.9m	£4.3m	£4.4m
Operating profit	—	−£481k	£71.7k	−£494k
Profit before tax	—	−£483k	£103k	−£519k
Profit after tax	—	−£234k	−£134k	−£408k
Profit (best available)	—	−£234k	−£134k	−£408k
Staff costs	—	£979k	£1.3m	£1.7m
Employees (average)	14	20	26	31
Ratios
Profit margin	—	−1.8%	−0.9%	−3.3%
Gross margin	—	22.8%	29%	36%
Revenue per employee	—	£635k	£573k	£396k
Profit per employee	—	−£11.7k	−£5.1k	−£13.2k
Growth (year on year)
Revenue growth	—	—	▲17.4%	▼17.7%
Headcount growth	—	▲42.9%	▲30%	▲19.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£941k	£420k	£55.2k	£267k
Net assets	£565k	£831k	£697k	£290k
Fixed assets	£670k	£1.4m	£2.3m	£2.9m
Current assets	£3.4m	£4.6m	£5.2m	£3.5m
Debtors	£1.7m	£2.8m	£3.8m	£1.8m
Deferred income	£644k	£1.7m	£1.2m	£442k
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: −3.3%; Profit ÷ revenue.
Gross margin: 36%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £396k; Revenue ÷ average employees.
Profit per employee: −£13.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 24%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.3%; 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: ▼58%; Now £290k
Cash at bank: ▲383%; Now £267k
Headcount: ▲19%; Now 31
Deferred income: ▼63%; Now £442k
Fixed assets: ▲25%; Now £2.9m

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

Tagapp Ltdultimate parent75–100%
System Loco 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 30 Sep 2025 (profit −£408k), from the Companies House accounts bulk data published Jul 2026. 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.