Smart CT 123 Limited
Registered name: SMART CT 123 LIMITED
Part of Westbridge Capital LLP groupSmart CT 123 Limited made £11.9m revenue and a £9.5m loss in the year to 30 Apr 2025.
Smart CT 123 Limited’s revenue was £11.9m in the year to 30 Apr 2025, with a loss of £9.5m and 83 employees. The company is classified under “activities of other holding companies” and is based in Reading; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Reading, South East
- Age
- 4 yrs · since 2022
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2023 | 30 Apr 2024 | 30 Apr 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £13.1m | £12.2m | £11.9m |
| Cost of sales | −£4m | −£4.1m | −£4.3m |
| Gross profit | £9m | £8.1m | £7.7m |
| Operating profit | £2.9m | £1.7m | £1.5m |
| Profit before tax | −£7.7m | −£8.5m | −£9.4m |
| Profit after tax | −£7.9m | −£8.7m | −£9.5m |
| Profit (best available) | −£7.9m | −£8.7m | −£9.5m |
| Employees (average) | 78 | 87 | 83 |
| Ratios | |||
| Profit margin | −60.8% | −71.9% | −79.6% |
| Gross margin | 69.1% | 66.3% | 64.1% |
| Revenue per employee | £167k | £140k | £144k |
| Profit per employee | −£102k | −£101k | −£114k |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −79.6%
- Profit ÷ revenue.
- Gross margin
- 64.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £144k
- Revenue ÷ average employees.
- Profit per employee
- −£114k
- 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
- —
- Now 83
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Westbridge Capital LLPultimate parent75–100%
- Westbridge Fund Managers Limited50–75%
- Smart CT 123 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Smart CT 456 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Apr 2025 (profit −£9.5m), from the Companies House accounts bulk data published Jan 2026. 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.