Ndi Recognition Systems Limited
Registered name: NDI RECOGNITION SYSTEMS LIMITED
Part of Dacoll Holdings Limited groupNdi Recognition Systems Limited made £1.8m revenue and a £578k loss in the year to 31 Mar 2025.
Ndi Recognition Systems Limited’s revenue grew 47% to £1.8m in the year to 31 Mar 2025, with a loss of £578k and 13 employees. The company is classified under “manufacture of other special-purpose machinery” and is based in Livingston; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Livingston
- Age
- 18 yrs · since 2008
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.4m | £1.2m | £1.8m |
| Cost of sales | −£700k | −£729k | −£1.3m |
| Gross profit | £654k | £484k | £532k |
| Operating profit | −£641k | −£671k | −£573k |
| Profit before tax | −£645k | −£673k | −£576k |
| Profit after tax | −£560k | −£705k | −£578k |
| Profit (best available) | −£560k | −£705k | −£578k |
| Employees (average) | 14 | 13 | 13 |
| Ratios | |||
| Profit margin | −41.4% | −58.1% | −32.3% |
| Gross margin | 48.3% | 39.9% | 29.8% |
| Revenue per employee | £96.7k | £93.3k | £138k |
| Profit per employee | −£40k | −£54.2k | −£44.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▼10.4% | ▲47.4% |
| Headcount growth | — | ▼7.1% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2025 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −32.3%
- Profit ÷ revenue.
- Gross margin
- 29.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £138k
- Revenue ÷ average employees.
- Profit per employee
- −£44.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 13
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Dacoll Holdings Limitedultimate parent75–100%
- Dacoll Group Limited75–100%
- Ndi Recognition Systems Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Paterson and Parker LimitedRev. £222k · Profit −£115k
- Dacoll (Electrical Contracting) LimitedFigures not disclosed
- Dacoll LimitedFigures not disclosed
- Ndi Technologies Ltd.Figures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£578k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 16 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.