Tsquared Group Limited
Registered name: TSQUARED GROUP LIMITED
Part of Tsquared Eot Limited groupTsquared Group Limited made £38m revenue and £8.8m profit in the year to 31 Mar 2026. read from filing text
Tsquared Group Limited’s revenue fell 6% to £38m in the year to 31 Mar 2026, with £8.8m profit and 108 employees. The company is classified under “activities of head offices” and is based in Glasgow; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 23 yrs · since 2003
- 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 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|---|
| 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) | £49.5m | £40.4m | £40.6m | £38m |
| Cost of sales | £29.9m | £24.1m | £23.5m | £22.3m |
| Gross profit | £19.7m | £16.3m | £17m | £15.7m |
| Profit before tax | £15.5m | £14.3m | £13.7m | £11.9m |
| Profit after tax | £12.5m | £10.7m | £10.2m | £8.8m |
| Profit (best available) | £12.5m | £10.7m | £10.2m | £8.8m |
| Employees (average) | 82 | 102 | 107 | 108 |
| Ratios | ||||
| Profit margin | 25.3% | 26.4% | 25.2% | 23.1% |
| Gross margin | 39.7% | 40.2% | 42% | 41.2% |
| Revenue per employee | £604k | £396k | £379k | £352k |
| Profit per employee | £153k | £105k | £95.4k | £81.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼18.4% | ▲0.4% | ▼6.3% |
| Profit growth | — | ▼14.9% | ▼4.3% | ▼14% |
| Headcount growth | — | ▲24.4% | ▲4.9% | ▲0.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.1m | £2.8m | £2.9m | £3m |
| Net assets | £298k | £1m | £978k | £420k |
| Fixed assets | £815k | £2.2m | £2.6m | £2.7m |
| Current assets | £3.2m | £2.8m | £2.9m | £3.4m |
| Debtors | £0 | £0 | £0 | £0 |
| Deferred income | £0 | £0 | £0 | £0 |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 23.1%
- Profit ÷ revenue.
- Gross margin
- 41.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £352k
- Revenue ÷ average employees.
- Profit per employee
- £81.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- 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
- ▼57%
- Now £420k
- Cash at bank
- ▲3%
- Now £3m
- Headcount
- ▲1%
- Now 108
- Deferred income
- —
- Now £0
- Fixed assets
- ▲3%
- Now £2.7m
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
- Tsquared Eot Limitedultimate parent75–100%
- Tsquared Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (11)
- Tsquared P1 LimitedRev. £9.9m · Profit £2.5m
- T-Squared E1 LtdFigures not disclosed
- T-Squared Technical Services LtdFigures not disclosed
- T-Squared Validair LimitedFigures not disclosed
- Tsquared P2 LimitedFigures not disclosed
- Tsquared P3 LimitedFigures not disclosed
- Tsquared P4 LtdFigures not disclosed
- Tsquared P5 LimitedFigures not disclosed
- Tsquared S1 LimitedFigures not disclosed
- Tsquared S3 LimitedFigures not disclosed
- Tsquared Shared LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £8.8m), 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.