How much does Technest Software Ltd make?

Technest Software Ltd reported revenue of £693k and £302k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Technest Software Ltd have?

Technest Software Ltd reported an average of 0 employees in the year to 31 Dec 2023.

Is Technest Software Ltd profitable?

Yes — Technest Software Ltd reported a profit of £302k in the year to 31 Dec 2023.

Company No. 10564694 · Incorporated 16 Jan 2017

Technest Software LtdDissolved

Registered name: TECHNEST SOFTWARE LTD

Technest Software Ltd made £693k revenue and £302k profit in the year to 31 Dec 2023.

Technest Software Ltd’s revenue grew 167% to £693k in the year to 31 Dec 2023, with £302k profit and 0 employees. The company was classified under “other information technology service activities” and was based in Chelmsford; we hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filedSIC 62090Other information technology service activities

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved
Last location: Chelmsford
Age: 9 yrs · since 2017

Last filed accounts · year to 31 Dec 2023

Key figures

IndependentSmall teamCash flow filed

Revenue

£693k

Growth ▲166.6%

Profit

£302k

Growth ▲52.3%

Profit margin

43.5%

Gross 26.2%

Employees

Change —

Profit / employee

—

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)	£260k	£693k
Cost of sales	£59.2k	£512k
Gross profit	£201k	£182k
Operating profit	£200k	£303k
Profit after tax	£198k	£302k
Profit (best available)	£198k	£302k
Employees (average)	0	0
Ratios
Profit margin	76.1%	43.5%
Gross margin	77.2%	26.2%
Cash conversion	55.9%	27.5%
Growth (year on year)
Revenue growth	—	▲166.6%
Profit growth	—	▲52.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£95.4k	£10.3k
Net assets	£309k	£611k
Current assets	£622k	£1.4m
Debtors	£58.8k	£8.1k
Cash from operations	£112k	£83.4k
Source	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: 43.5%; Profit ÷ revenue.
Gross margin: 26.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: 27.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.2%; 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: ▲97%; Now £611k
Cash at bank: ▼89%; Now £10.3k
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: —; Now —

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £302k), from the Companies House accounts bulk data published Nov 2024. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.