How much does 2I Limited make?

2I Limited reported revenue of £23m and £1.4m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does 2I Limited have?

2I Limited reported an average of 132 employees in the year to 31 Dec 2023.

Is 2I Limited profitable?

Yes — 2I Limited reported a profit of £1.4m in the year to 31 Dec 2023.

Company No. SC293432 · Incorporated 21 Nov 2005

2I Limited

Registered name: 2I LIMITED

Part of Rockpool Investment Nominee Limited group

2I Limited made £23m revenue and £1.4m profit in the year to 31 Dec 2023. read from filing text

2I Limited’s revenue grew 7% to £23m in the year to 31 Dec 2023, with £1.4m profit and 132 employees. The company is classified under “information technology consultancy activities” and is based in Edinburgh; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: Edinburgh, Scotland
Age: 20 yrs · since 2005
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: “2i Bidco Limited”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightCash flow filed

Revenue

£23m

Growth ▲6.8%

Profit

£1.4m

Growth ▼1%

Profit margin

6.3%

Gross 28.7%

Employees

132

Change ▲22.2%

Profit / employee

£11k

Revenue/employee £174k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£21.5m	£23m
Cost of sales	£15.9m	£16.4m
Gross profit	£5.7m	£6.6m
Operating profit	£1.8m	£1.9m
Profit before tax	£1.8m	£2m
Profit after tax	£1.5m	£1.4m
Profit (best available)	£1.5m	£1.4m
Staff costs	£6m	£7.9m
Employees (average)	108	132
Ratios
Profit margin	6.8%	6.3%
Gross margin	26.3%	28.7%
Revenue per employee	£199k	£174k
Profit per employee	£13.5k	£11k
Cash conversion	103.1%	113.6%
Growth (year on year)
Revenue growth	—	▲6.8%
Profit growth	—	▼1%
Headcount growth	—	▲22.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£2.9m
Net assets	£1.9m	£2.7m
Fixed assets	£68k	£275k
Current assets	£4.3m	£5m
Debtors	£1.9m	£1.6m
Deferred income	£670k	£596k
Cash from operations	£1.9m	£2.2m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 6.3%; Profit ÷ revenue.
Gross margin: 28.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £174k; Revenue ÷ average employees.
Profit per employee: £11k; Profit ÷ average employees.
Cash conversion: 113.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲43%; Now £2.7m
Cash at bank: ▲42%; Now £2.9m
Headcount: ▲22%; Now 132
Deferred income: ▼11%; Now £596k
Fixed assets: ▲304%; Now £275k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Rockpool Investment Nominee Limitedultimate parent50–75%
2I Group Limited75–100%
2I Midco Limited75–100%
2I Bidco Limited75–100%
2I Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

Nfocus LtdFigures not disclosed
Planit Software Testing LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £1.4m), from the Companies House accounts bulk data published Dec 2024. 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.