Three TCS Merthyr LLP
Registered name: THREE TCS MERTHYR LLP
Three TCS Merthyr LLP made £391k revenue and a £4k loss in the year to 31 Mar 2025.
Three TCS Merthyr LLP’s revenue fell 6% to £391k in the year to 31 Mar 2025, with a loss of £4k and 4 employees. The company is based in Merthyr Tydfil; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Merthyr Tydfil, Wales
- Age
- 13 yrs · since 2013
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £339k | £387k | £417k | £391k |
| Profit after tax | £47.6k | £39.8k | £3.3k | −£4k |
| Profit (best available) | £47.6k | £39.8k | £3.3k | −£4k |
| Staff costs | £60.2k | £77.2k | £129k | £133k |
| Employees (average) | 4 | 4 | 0 | 4 |
| Ratios | ||||
| Profit margin | 14% | 10.3% | 0.8% | −1% |
| Revenue per employee | £84.9k | £96.9k | — | £97.7k |
| Profit per employee | £11.9k | £10k | — | −£1k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲14.1% | ▲7.6% | ▼6.3% |
| Profit growth | — | ▼16.3% | ▼91.7% | ▼221.3% |
| Headcount growth | — | 0% | ▼100% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £47k | £54k | £55.7k | £47.6k |
| Fixed assets | £0 | £40k | £29.2k | £21.3k |
| Current assets | £144k | £129k | £112k | £101k |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −1%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £97.7k
- Revenue ÷ average employees.
- Profit per employee
- −£1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5.4%
- 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
- ▼15%
- Now £47.6k
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 4
- Deferred income
- —
- Now —
- Fixed assets
- ▼27%
- Now £21.3k
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£4k), from the Companies House accounts bulk data published Dec 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.