Principal Logistics Technologies Ltd
Registered name: PRINCIPAL LOGISTICS TECHNOLOGIES LTD
Part of Principal Systems (Holdings) Ltd groupPrincipal Logistics Technologies Ltd made £1.9m revenue and a £129k loss in the year to 31 Dec 2023.
Principal Logistics Technologies Ltd’s revenue grew 14% to £1.9m in the year to 31 Dec 2023, with a loss of £129k and 19 employees. The company is classified under “other software publishing” and is based in Glasgow; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 12 yrs · since 2014
- 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: “Principal Systems (Holdings) Limited”
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 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £1.7m | £1.9m |
| Cost of sales | £1.1m | £1.4m |
| Gross profit | £538k | £508k |
| Profit before tax | £200k | −£129k |
| Profit after tax | £200k | −£129k |
| Profit (best available) | £200k | −£129k |
| Staff costs | £758k | £1.1m |
| Employees (average) | 15 | 19 |
| Ratios | ||
| Profit margin | 11.8% | −6.7% |
| Gross margin | 31.9% | 26.4% |
| Revenue per employee | £112k | £101k |
| Profit per employee | £13.3k | −£6.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▲14.4% |
| Profit growth | — | ▼164.4% |
| Headcount growth | — | ▲26.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £73k | £293k |
| Net assets | −£176k | −£305k |
| Fixed assets | £69.7k | £81.7k |
| Current assets | £2.3m | £2.2m |
| Debtors | £418k | £172k |
| Deferred income | £510k | £691k |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 |
How the business works
- Profit margin
- −6.7%
- Profit ÷ revenue.
- Gross margin
- 26.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £101k
- Revenue ÷ average employees.
- Profit per employee
- −£6.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 35.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.9%
- 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 −£305k
- Cash at bank
- ▲301%
- Now £293k
- Headcount
- ▲27%
- Now 19
- Deferred income
- ▲36%
- Now £691k
- Fixed assets
- ▲17%
- Now £81.7k
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
- Principal Systems (Holdings) Ltd (registered outside the UK register)ultimate parent75–100%
- Principal Logistics Technologies Ltdthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit −£129k), from the Companies House accounts bulk data published Sep 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.