How much does Tier Operations Limited make?

Tier Operations Limited reported revenue of £8.7m and a loss of £820k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Tier Operations Limited have?

Tier Operations Limited reported an average of 89 employees in the year to 31 Dec 2023.

Is Tier Operations Limited profitable?

No — Tier Operations Limited reported a loss of £820k in the year to 31 Dec 2023.

Company No. 12640257 · Incorporated 2 Jun 2020

Tier Operations Limited

Registered name: TIER OPERATIONS LIMITED

Part of Tier Mobility Se group

Tier Operations Limited made £8.7m revenue and a £820k loss in the year to 31 Dec 2023.

Tier Operations Limited’s revenue grew 159% to £8.7m in the year to 31 Dec 2023, with a loss of £820k and 89 employees. The company is classified under “repair and maintenance of other transport equipment” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 33170Repair and maintenance of other transport equipment n.e.c.SIC 47640Retail sale of sports goods, fishing gear, camping goods, boats and bicycles SIC 49390Other passenger land transport SIC 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Status: Active
Location: London, London
Age: 6 yrs · since 2020
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. From the filing: “Tier Mobility SE”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£8.7m

Growth ▲159%

Profit

−£820k

Growth —

Profit margin

−9.4%

Gross 38.4%

Employees

Change ▲169.7%

Profit / employee

−£9.2k

Revenue/employee £98.2k

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 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.4m	£8.7m
Cost of sales	£2.1m	£5.4m
Gross profit	£1.3m	£3.4m
Operating profit	−£3.5m	−£775k
Profit before tax	−£3.4m	−£820k
Profit after tax	−£3.4m	−£820k
Profit (best available)	−£3.4m	−£820k
Staff costs	£2m	£2.7m
Employees (average)	33	89
Ratios
Profit margin	−102.1%	−9.4%
Gross margin	39.1%	38.4%
Revenue per employee	£102k	£98.2k
Profit per employee	−£104k	−£9.2k
Growth (year on year)
Revenue growth	—	▲159%
Headcount growth	—	▲169.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£344k	£896k
Net assets	−£9.9m	−£10.7m
Fixed assets	£509k	£841k
Current assets	£4.2m	£10.5m
Debtors	£3.9m	£9.6m
Source	FullAccounts · bulk data May 2025	FullAccounts · bulk data May 2025

Derived from the latest filing

How the business works

Profit margin: −9.4%; Profit ÷ revenue.
Gross margin: 38.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £98.2k; Revenue ÷ average employees.
Profit per employee: −£9.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 9.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 109.5%; 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 −£10.7m
Cash at bank: ▲160%; Now £896k
Headcount: ▲170%; Now 89
Deferred income: —; Now —
Fixed assets: ▲65%; Now £841k

Corporate ownership

Group structure

Ownership chain

Tier Mobility Se (registered outside the UK register)ultimate parent75–100%
Tier Operations Limitedthis company

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

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£820k), from the Companies House accounts bulk data published May 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.