How much does Minimum Spanning Technologies Limited make?

Minimum Spanning Technologies Limited reported revenue of £27.2m and £18.5m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Minimum Spanning Technologies Limited have?

Minimum Spanning Technologies Limited reported an average of 1 employee in the year to 31 Dec 2023.

Is Minimum Spanning Technologies Limited profitable?

Yes — Minimum Spanning Technologies Limited reported a profit of £18.5m in the year to 31 Dec 2023.

Company No. 10889544 · Incorporated 28 Jul 2017

Minimum Spanning Technologies Limited

Registered name: MINIMUM SPANNING TECHNOLOGIES LIMITED

Minimum Spanning Technologies Limited made £27.2m revenue and £18.5m profit in the year to 31 Dec 2023.

Minimum Spanning Technologies Limited’s revenue fell 30% to £27.2m in the year to 31 Dec 2023, with £18.5m profit and 1 employee. 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: 9 yrs · since 2017
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Latest accounts · year to 31 Dec 2023

Key figures

IndependentSmall teamCash flow filed

Revenue

£27.2m

Growth ▼30.2%

Profit

£18.5m

Growth ▲640.3%

Profit margin

67.8%

Gross 66.3%

Employees

Change 0%

Profit / employee

£18.5m

Revenue/employee £27.2m

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)	£39m	£27.2m
Cost of sales	£4.4m	£9.2m
Gross profit	£34.7m	£18.1m
Operating profit	£24.3m	£10.4m
Profit before tax	£17.6m	£18.7m
Profit after tax	£2.5m	£18.5m
Profit (best available)	£2.5m	£18.5m
Staff costs	£0	£38.2k
Employees (average)	1	1
Ratios
Profit margin	6.4%	67.8%
Gross margin	88.8%	66.3%
Revenue per employee	£39m	£27.2m
Profit per employee	£2.5m	£18.5m
Cash conversion	10.9%	−38.9%
Growth (year on year)
Revenue growth	—	▼30.2%
Profit growth	—	▲640.3%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£92.1m	£6.8m
Net assets	−£25.2m	−£3.9m
Fixed assets	£15.4m	£17.4m
Current assets	£166m	£169m
Debtors	£395k	£408k
Deferred income	£145m	£129m
Cash from operations	£2.7m	−£4.1m
Source	FullAccounts · bulk data Feb 2026	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 67.8%; Profit ÷ revenue.
Gross margin: 66.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £27.2m; Revenue ÷ average employees.
Profit per employee: £18.5m; Profit ÷ average employees.
Cash conversion: −38.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 63.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 473.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.5%; 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 −£3.9m
Cash at bank: ▼93%; Now £6.8m
Headcount: 0%; Now 1
Deferred income: ▼11%; Now £129m
Fixed assets: ▲13%; Now £17.4m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £18.5m), from the Companies House accounts bulk data published Feb 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.