Icw Technical Services Ltd
Registered name: ICW TECHNICAL SERVICES LTD
Part of Icw Group Holdings Ltd groupIcw Technical Services Ltd made £14.4m revenue and £3.6m profit in the year to 30 Sep 2025.
Icw Technical Services Ltd’s revenue grew 6% to £14.4m in the year to 30 Sep 2025, with £3.6m profit and 48 employees. The company is classified under “technical testing and analysis” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2017
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £14.9m | £12.3m | £13.6m | £14.4m |
| Cost of sales | £5m | £5.2m | £5.7m | £5.1m |
| Gross profit | £9.9m | £7.2m | £7.9m | £9.3m |
| Profit before tax | £5.7m | £3.6m | £3.4m | £4.9m |
| Profit after tax | £4.4m | £3m | £2.6m | £3.6m |
| Profit (best available) | £4.4m | £3m | £2.6m | £3.6m |
| Staff costs | £2.1m | £2.5m | £3.4m | £2.5m |
| Employees (average) | 41 | 47 | 65 | 48 |
| Ratios | ||||
| Profit margin | 29.3% | 24.4% | 19.4% | 25.1% |
| Gross margin | 66.5% | 58.1% | 57.8% | 64.8% |
| Revenue per employee | £364k | £263k | £209k | £300k |
| Profit per employee | £107k | £64.2k | £40.5k | £75.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼17.3% | ▲10.1% | ▲6.1% |
| Profit growth | — | ▼31.1% | ▼12.7% | ▲37.5% |
| Headcount growth | — | ▲14.6% | ▲38.3% | ▼26.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £19.3k | £42.7k | £26.9k | £20.6k |
| Net assets | £376k | £1.8m | £4.2m | £1.1m |
| Fixed assets | £1.1m | £990k | £784k | £798k |
| Current assets | £2.7m | £3.5m | £6.5m | £3.1m |
| Debtors | £216k | £126k | £163k | £124k |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 25.1%
- Profit ÷ revenue.
- Gross margin
- 64.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £300k
- Revenue ÷ average employees.
- Profit per employee
- £75.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.9%
- Money owed by customers. Low = customers pay quickly.
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
- ▼75%
- Now £1.1m
- Cash at bank
- ▼23%
- Now £20.6k
- Headcount
- ▼26%
- Now 48
- Deferred income
- —
- Now —
- Fixed assets
- ▲2%
- Now £798k
Group structure
Ownership chain
- Icw Group Holdings Ltdultimate parent75–100%
- Icw Technical Services Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Icw Insurance Services LtdRev. £30.7m · Profit £2.6m
- Mandon Software LimitedRev. £437k · Profit −£391k
- Icw Building Control LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £3.6m), from the Companies House accounts bulk data published Jun 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.