Upstix Technologies Ltd
Registered name: UPSTIX TECHNOLOGIES LTD
Part of Manifesto Technologies Limited groupUpstix Technologies Ltd made £17.8m revenue and a £7.2m loss in the year to 30 Sep 2024.
Upstix Technologies Ltd’s revenue fell 12% to £17.8m in the year to 30 Sep 2024, with a loss of £7.2m and 16 employees. The company is classified under “buying and selling of own real estate” and is based in Leeds; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Leeds
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £20.3m | £17.8m |
| Cost of sales | −£18.5m | −£16.9m |
| Gross profit | £1.8m | £870k |
| Operating profit | −£5.3m | −£5.4m |
| Profit before tax | −£7.2m | −£7.2m |
| Profit after tax | −£7.2m | −£7.2m |
| Profit (best available) | −£7.2m | −£7.2m |
| Employees (average) | 20 | 16 |
| Ratios | ||
| Profit margin | −35.7% | −40.8% |
| Gross margin | 8.6% | 4.9% |
| Revenue per employee | £1m | £1.1m |
| Profit per employee | −£361k | −£453k |
| Growth (year on year) | ||
| Revenue growth | — | ▼12.4% |
| Headcount growth | — | ▼20% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 |
How the business works
- Profit margin
- −40.8%
- Profit ÷ revenue.
- Gross margin
- 4.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.1m
- Revenue ÷ average employees.
- Profit per employee
- −£453k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼20%
- Now 16
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Manifesto Technologies Limitedultimate parent50–75%
- Outra Limited50–75%
- Upstix Technologies Ltdthis 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).
Sources
Latest figures from accounts for the year to 30 Sep 2024 (profit −£7.2m), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.