How much does Smart-Tech Designs Ltd make?

Smart-Tech Designs Ltd reported revenue of £1.8m and £628k profit in the year to 31 Jan 2023, according to its accounts filed at Companies House.

How many employees does Smart-Tech Designs Ltd have?

Smart-Tech Designs Ltd reported an average of 17 employees in the year to 31 Jan 2023.

Is Smart-Tech Designs Ltd profitable?

Yes — Smart-Tech Designs Ltd reported a profit of £628k in the year to 31 Jan 2023.

Company No. 12406911 · Incorporated 16 Jan 2020

Smart-Tech Designs Ltd

Registered name: SMART-TECH DESIGNS LTD

Smart-Tech Designs Ltd made £1.8m revenue and £628k profit in the year to 31 Jan 2023.

Smart-Tech Designs Ltd’s revenue grew 58% to £1.8m in the year to 31 Jan 2023, with £628k profit and 17 employees. The company is classified under “development of building projects” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects SIC 43220Plumbing, heat and air-conditioning installation SIC 43390Other building completion and finishing

Status: Active - Proposal to Strike off
Location: London, London
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 31 Jan 2023

Key figures

IndependentYoung and profitableOperating leverage

Revenue

£1.8m

Growth ▲58.3%

Profit

£628k

Growth ▲80.8%

Profit margin

35.6%

Gross 53%

Employees

Change ▲54.5%

Profit / employee

£36.9k

Revenue/employee £104k

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 Jan 2022	31 Jan 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.1m	£1.8m
Cost of sales	£554k	£828k
Gross profit	£560k	£935k
Operating profit	£435k	£756k
Profit before tax	£435k	£756k
Profit after tax	£347k	£628k
Profit (best available)	£347k	£628k
Employees (average)	11	17
Ratios
Profit margin	31.2%	35.6%
Gross margin	50.3%	53%
Revenue per employee	£101k	£104k
Profit per employee	£31.6k	£36.9k
Growth (year on year)
Revenue growth	—	▲58.3%
Profit growth	—	▲80.8%
Headcount growth	—	▲54.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£163k	£182k
Net assets	£1.8m	£2.8m
Fixed assets	£1.1m	£2.2m
Current assets	£757k	£1.2m
Debtors	£37.3k	£29.8k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 35.6%; Profit ÷ revenue.
Gross margin: 53%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £104k; Revenue ÷ average employees.
Profit per employee: £36.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 127.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.7%; 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: ▲54%; Now £2.8m
Cash at bank: ▲12%; Now £182k
Headcount: ▲55%; Now 17
Deferred income: —; Now —
Fixed assets: ▲104%; Now £2.2m

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Jan 2023 (profit £628k), from the Companies House accounts bulk data published Oct 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.