How much does Its (Holdco) Limited make?

Its (Holdco) Limited reported revenue of £17.8m and a loss of £10.3m in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Its (Holdco) Limited have?

Its (Holdco) Limited reported an average of 138 employees in the year to 31 Dec 2022.

Is Its (Holdco) Limited profitable?

No — Its (Holdco) Limited reported a loss of £10.3m in the year to 31 Dec 2022.

Company No. 12320566 · Incorporated 18 Nov 2019

Its (Holdco) Limited

Registered name: ITS (HOLDCO) LIMITED

Part of Aviva PLC group

Its (Holdco) Limited made £17.8m revenue and a £10.3m loss in the year to 31 Dec 2022.

Its (Holdco) Limited’s revenue grew 91% to £17.8m in the year to 31 Dec 2022, with a loss of £10.3m and 138 employees. The company is classified under “wireless telecommunications activities” and is based in Warrington; we hold 2 years of its filed accounts.

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

Status: Active
Location: Warrington, North West
Age: 6 yrs · since 2019
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.

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.

Latest accounts · year to 31 Dec 2022

Key figures

Cash flow filed

Revenue

£17.8m

Growth ▲91.2%

Profit

−£10.3m

Growth —

Profit margin

−58.2%

Gross 60.9%

Employees

138

Change ▲130%

Profit / employee

−£75k

Revenue/employee £129k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.3m	£17.8m
Cost of sales	£4.4m	£7m
Gross profit	£4.9m	£10.8m
Operating profit	−£1.7m	−£5.5m
Profit before tax	−£4.1m	−£10.3m
Profit after tax	−£3.9m	−£10.3m
Profit (best available)	−£3.9m	−£10.3m
Staff costs	£4.2m	£10.7m
Employees (average)	60	138
Ratios
Profit margin	−42.2%	−58.2%
Gross margin	52.8%	60.9%
Revenue per employee	£155k	£129k
Profit per employee	−£65.5k	−£75k
Growth (year on year)
Revenue growth	—	▲91.2%
Headcount growth	—	▲130%
Balance sheet — indirect signals, not revenue
Cash at bank	£473k	£1.3m
Net assets	£9.1m	£9.1m
Fixed assets	£37.9m	£97.3m
Current assets	£6.2m	£16.9m
Debtors	£5.1m	£12.2m
Cash from operations	−£1.4m	−£2.6m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −58.2%; Profit ÷ revenue.
Gross margin: 60.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £129k; Revenue ÷ average employees.
Profit per employee: −£75k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 546.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 68.5%; 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: ▲0%; Now £9.1m
Cash at bank: ▲180%; Now £1.3m
Headcount: ▲130%; Now 138
Deferred income: —; Now —
Fixed assets: ▲157%; Now £97.3m

Corporate ownership

Group structure

Ownership chain

Aviva PLCultimate parent75–100%
Aviva Group Holdings Limited75–100%
Aviva Investors Holdings Limited75–100%
Aviva Investors Real Estate Limited75–100%
Aviva Investors Infrastructure GP Limited50–75%
Aviva Investors Infrastructure Income No.6b1 Limited75–100%
Aviva Investors Infrastructure Income NO.6B Limited50–75%
Its (Holdco) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Its (Midco) LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2022 (profit −£10.3m), from the Companies House accounts bulk data published Dec 2023. 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.