Tierco Group Limited
Registered name: TIERCO GROUP LIMITED
Tierco Group Limited made £17m revenue and £2m profit in the year to 31 Dec 2025. read from filing text
Tierco Group Limited’s revenue grew 70% to £17m in the year to 31 Dec 2025, with £2m profit and 163 employees. The company is classified under “non-trading company” and is based in Limavady; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Limavady, Northern Ireland
- Age
- 7 yrs · since 2018
- 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 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| 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) | £8.6m | £9.6m | £10m | £17m |
| Cost of sales | £4.8m | £4.9m | £4.6m | £9.6m |
| Gross profit | £3.8m | £4.7m | £5.4m | £7.4m |
| Operating profit | £1.9m | £1.5m | £1.7m | £463k |
| Profit before tax | £1.9m | £1.6m | £2m | £2.5m |
| Profit after tax | £1.9m | £1.6m | £2m | £2m |
| Profit (best available) | £1.9m | £1.6m | £2m | £2m |
| Employees (average) | 57 | 59 | 62 | 163 |
| Ratios | ||||
| Profit margin | 21.5% | 17% | 19.8% | 11.8% |
| Gross margin | 44.1% | 48.6% | 53.8% | 43.3% |
| Revenue per employee | £152k | £162k | £161k | £104k |
| Profit per employee | £32.6k | £27.5k | £31.9k | £12.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲10.9% | ▲4.3% | ▲69.7% |
| Profit growth | — | ▼12.7% | ▲21.7% | ▲1.7% |
| Headcount growth | — | ▲3.5% | ▲5.1% | ▲162.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.4m | £3.6m | £3m | £84.3k |
| Net assets | £6m | £8.1m | £7.3m | £8.7m |
| Fixed assets | £1m | £976k | £1.3m | £7.5m |
| Current assets | £5.9m | £8m | £7.6m | £4m |
| Debtors | £0 | £0 | £0 | £0 |
| Deferred income | £9.9k | £5.4k | £5.4k | £1.7m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 11.8%
- Profit ÷ revenue.
- Gross margin
- 43.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £104k
- Revenue ÷ average employees.
- Profit per employee
- £12.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 44.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 9.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲19%
- Now £8.7m
- Cash at bank
- ▼97%
- Now £84.3k
- Headcount
- ▲163%
- Now 163
- Deferred income
- ▲31100%
- Now £1.7m
- Fixed assets
- ▲486%
- Now £7.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (5)
- Lean Made Simple LtdFigures not disclosed
- Paragon Campsie LtdFigures not disclosed
- Sperrin Metal Holdings LimitedFigures not disclosed
- Tierco LtdFigures not disclosed
- Yenreit LtdFigures not disclosed
Minority corporate shareholders
- Chairman Investments Limited 25–50%
- Martin Tierney Ltd 25–50%
- Ryan Tierney Holdings Ltd 25–50%
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £2m), from the Companies House accounts bulk data published Sep 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.