IT Depends Ltd
Registered name: IT DEPENDS LTD
IT Depends Ltd made £12.2k revenue and £6.4k profit in the year to 31 Mar 2025.
IT Depends Ltd’s revenue grew 1425% to £12.2k in the year to 31 Mar 2025, with £6.4k profit and 0 employees. The company is classified under “other business support service activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £3.7k | £3.3k | £800 | £12.2k |
| Profit after tax | £1.3k | £779 | −£1.8k | £6.4k |
| Profit (best available) | £1.3k | £779 | −£1.8k | £6.4k |
| Staff costs | £0 | £0 | £0 | £0 |
| Employees (average) | — | 2 | 2 | 0 |
| Ratios | ||||
| Profit margin | 34.3% | 23.6% | −222.3% | 52.8% |
| Revenue per employee | — | £1.6k | £400 | — |
| Profit per employee | — | £390 | −£889 | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼10.8% | ▼75.8% | ▲1425% |
| Profit growth | — | ▼38.6% | ▼328.2% | — |
| Headcount growth | — | — | 0% | ▼100% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £13k | £13.8k | £12k | £17.3k |
| Fixed assets | £2.9k | £1.9k | £2.6k | £7.5k |
| Current assets | £10.1k | £11.8k | £9.4k | £9.8k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 52.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 61.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- ▲44%
- Now £17.3k
- Cash at bank
- —
- Now —
- Headcount
- ▼100%
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- ▲186%
- Now £7.5k
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £6.4k), from the Companies House accounts bulk data published Dec 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.