Nitec Solutions Ltd
Registered name: NITEC SOLUTIONS LTD
Nitec Solutions Ltd made £11.1m revenue and £50.9k profit in the year to 30 Sep 2025.
Nitec Solutions Ltd’s revenue grew 4% to £11.1m in the year to 30 Sep 2025, with £50.9k profit and 70 employees. The company is classified under “business and domestic software development” and is based in Antrim; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Antrim, Northern Ireland
- Age
- 28 yrs · since 1998
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £9.1m | £10.2m | £10.7m | £11.1m |
| Cost of sales | £5.1m | £5.9m | £6.1m | £6.4m |
| Gross profit | £4m | £4.4m | £4.6m | £4.6m |
| Operating profit | £742k | £659k | £290k | £41k |
| Profit before tax | £701k | £589k | £223k | £53.7k |
| Profit after tax | £593k | £437k | £194k | £50.9k |
| Profit (best available) | £593k | £437k | £194k | £50.9k |
| Staff costs | £2.6m | £2.9m | £3.4m | £3.5m |
| Employees (average) | 57 | 62 | 69 | 70 |
| Ratios | ||||
| Profit margin | 6.5% | 4.3% | 1.8% | 0.5% |
| Gross margin | 44.3% | 42.5% | 42.7% | 41.9% |
| Revenue per employee | £160k | £165k | £154k | £158k |
| Profit per employee | £10.4k | £7k | £2.8k | £728 |
| Cash conversion | −106.6% | −32.9% | −419.1% | 726.9% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲12.3% | ▲4.2% | ▲3.7% |
| Profit growth | — | ▼26.3% | ▼55.7% | ▼73.7% |
| Headcount growth | — | ▲8.8% | ▲11.3% | ▲1.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.4m | £2.1m | £2.3m | £1.9m |
| Net assets | £3.2m | £3.5m | £3.1m | £3.1m |
| Fixed assets | £592k | £635k | £588k | £492k |
| Current assets | £5m | £4.7m | £4.7m | £4.9m |
| Debtors | £1.3m | £1.7m | £1.6m | £2.2m |
| Deferred income | — | £492k | £409k | — |
| Cash from operations | −£790k | −£217k | −£1.2m | £298k |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 0.5%
- Profit ÷ revenue.
- Gross margin
- 41.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £158k
- Revenue ÷ average employees.
- Profit per employee
- £728
- Profit ÷ average employees.
- Cash conversion
- 726.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.7%
- 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
- ▲2%
- Now £3.1m
- Cash at bank
- ▼17%
- Now £1.9m
- Headcount
- ▲1%
- Now 70
- Deferred income
- —
- Now —
- Fixed assets
- ▼16%
- Now £492k
Similar profitable businesses
- Modaxo Group UK LimitedChippenham · Business and domestic software development
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- Profit
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- Staff
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- Genle LimitedLewknor · Business and domestic software development
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- Innov8 Technology LtdHeaton Mersey Stockport · Business and domestic software development
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- Seebyte LimitedEdinburgh · Business and domestic software development
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- Profit
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- Allvue Systems LimitedLondon · Business and domestic software development
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- Nuix Technology UK LimitedLondon · Business and domestic software development
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £50.9k), from the Companies House accounts bulk data published May 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.