Xerox Ibs Ni Limited
Registered name: XEROX IBS NI LIMITED
Part of Xerox UK Holdings Limited groupXerox Ibs Ni Limited made £2.3m revenue and a £197k loss in the year to 31 Dec 2024. read from filing text
Xerox Ibs Ni Limited’s revenue fell 17% to £2.3m in the year to 31 Dec 2024, with a loss of £197k and 27 employees. The company is classified under “renting and leasing of office machinery and equipment (including computers)” and is based in Belfast; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 32 yrs · since 1994
- 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: “The ultimate parent undertaking, controlling party and the largest group in which the results of Xerox IBS”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £3.2m | £2.8m | £2.7m | £2.3m |
| Cost of sales | £1.8m | £1.5m | £1.3m | £1.1m |
| Gross profit | £1.4m | £1.3m | £1.5m | £1.1m |
| Operating profit | −£540k | −£875k | £4.9k | −£80.6k |
| Profit before tax | −£540k | −£898k | −£109k | −£197k |
| Profit after tax | −£528k | −£907k | −£185k | −£197k |
| Profit (best available) | −£528k | −£907k | −£185k | −£197k |
| Staff costs | £1.3m | £1.4m | £1.2m | £1.1m |
| Employees (average) | 34 | 33 | 30 | 27 |
| Ratios | ||||
| Profit margin | −16.7% | −32.3% | −6.8% | −8.7% |
| Gross margin | 43.6% | 46.2% | 53.6% | 50.2% |
| Revenue per employee | £92.8k | £85.2k | £91.6k | £83.9k |
| Profit per employee | −£15.5k | −£27.5k | −£6.2k | −£7.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼10.9% | ▼2.3% | ▼17.5% |
| Headcount growth | — | ▼2.9% | ▼9.1% | ▼10% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £351k | £393k | £779k | £428k |
| Net assets | £689k | −£218k | −£404k | −£601k |
| Fixed assets | £201k | £285k | £204k | £147k |
| Debtors | £575k | £282k | £428k | £344k |
| Deferred income | £226k | £259k | £230k | £203k |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −8.7%
- Profit ÷ revenue.
- Gross margin
- 50.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £83.9k
- Revenue ÷ average employees.
- Profit per employee
- −£7.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 15.2%
- 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 −£601k
- Cash at bank
- ▼45%
- Now £428k
- Headcount
- ▼10%
- Now 27
- Deferred income
- ▼12%
- Now £203k
- Fixed assets
- ▼28%
- Now £147k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Xerox UK Holdings Limitedultimate parent75–100%
- Xerox Overseas Holdings Limited75–100%
- Xerox Limited75–100%
- Xerox Capital (Europe) Limited75–100%
- Xerox Ibs Ni Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Xerox (UK) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£197k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 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.