How much does Asgard Hi-Tech Solutions Limited make?

Asgard Hi-Tech Solutions Limited reported revenue of £43.5m and £1.3m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Asgard Hi-Tech Solutions Limited have?

Asgard Hi-Tech Solutions Limited reported an average of 38 employees in the year to 31 Dec 2024.

Is Asgard Hi-Tech Solutions Limited profitable?

Yes — Asgard Hi-Tech Solutions Limited reported a profit of £1.3m in the year to 31 Dec 2024.

Company No. 13382028 · Incorporated 7 May 2021

Asgard Hi-Tech Solutions Limited

Registered name: ASGARD HI-TECH SOLUTIONS LIMITED

Asgard Hi-Tech Solutions Limited made £43.5m revenue and £1.3m profit in the year to 31 Dec 2024.

Asgard Hi-Tech Solutions Limited’s revenue grew 32% to £43.5m in the year to 31 Dec 2024, with £1.3m profit and 38 employees. The company is classified under “engineering design activities for industrial process and production” and is based in South Shields; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71121Engineering design activities for industrial process and production SIC 71122Engineering related scientific and technical consulting activities SIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: South Shields, North East
Age: 5 yrs · since 2021
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: “Asgatech Group Business Services (GBS) Limited”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightYoung and profitableOperating leverage

Revenue

£43.5m

Growth ▲32.3%

Profit

£1.3m

Growth ▲48.9%

Profit margin

Gross 12.7%

Employees

Change ▲46.2%

Profit / employee

£34.2k

Revenue/employee £1.1m

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Profit only	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£32.9m	£43.5m
Cost of sales	—	£29.1m	£38m
Gross profit	—	£3.8m	£5.5m
Operating profit	—	£872k	£1.3m
Profit before tax	£92.3k	£872k	£1.3m
Profit after tax	—	£872k	£1.3m
Profit (best available)	£92.3k	£872k	£1.3m
Staff costs	—	£1.9m	£2.8m
Employees (average)	0	26	38
Ratios
Profit margin	—	2.6%	3%
Gross margin	—	11.5%	12.7%
Revenue per employee	—	£1.3m	£1.1m
Profit per employee	—	£33.5k	£34.2k
Growth (year on year)
Revenue growth	—	—	▲32.3%
Profit growth	—	▲845.5%	▲48.9%
Headcount growth	—	—	▲46.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£10k	£8m	£3m
Net assets	£77.9k	£950k	£2.2m
Fixed assets	£16.5k	£594k	£586k
Current assets	£1.3m	£13.6m	£9.2m
Debtors	£0	£2.9m	£1.3m
Deferred income	£744k	£7.9m	£2.7m
Source	Accounts · bulk data Aug 2024	Accounts · bulk data Aug 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 3%; Profit ÷ revenue.
Gross margin: 12.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.1m; Revenue ÷ average employees.
Profit per employee: £34.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.1%; 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: ▲137%; Now £2.2m
Cash at bank: ▼63%; Now £3m
Headcount: ▲46%; Now 38
Deferred income: ▼66%; Now £2.7m
Fixed assets: ▼1%; Now £586k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.3m), from the Companies House accounts bulk data published Sep 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.