Itec Engineering Solutions Ltd
Registered name: ITEC ENGINEERING SOLUTIONS LTD
Itec Engineering Solutions Ltd made £268k revenue and £49.9k profit in the year to 31 Oct 2025.
Itec Engineering Solutions Ltd’s revenue fell 14% to £268k in the year to 31 Oct 2025, with £49.9k profit and 2 employees. The company is classified under “information technology consultancy activities” and is based in Stirling; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Stirling, Scotland
- Age
- 11 yrs · since 2014
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 | 31 Oct 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £651k | £310k | £268k |
| Cost of sales | — | £480k | £225k | £202k |
| Gross profit | — | £171k | £85.4k | £66.4k |
| Operating profit | — | £165k | £81.8k | £62.8k |
| Profit before tax | — | £165k | £81.8k | £62.8k |
| Profit after tax | — | £129k | £63.9k | £49.9k |
| Profit (best available) | — | £129k | £63.9k | £49.9k |
| Staff costs | — | £12k | £12k | £12k |
| Employees (average) | 2 | 2 | 2 | 2 |
| Ratios | ||||
| Profit margin | — | 19.8% | 20.6% | 18.6% |
| Gross margin | — | 26.3% | 27.5% | 24.8% |
| Revenue per employee | — | £326k | £155k | £134k |
| Profit per employee | — | £64.5k | £31.9k | £24.9k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼52.4% | ▼13.6% |
| Profit growth | — | — | ▼50.5% | ▼21.9% |
| Headcount growth | — | 0% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | £85.2k | £70.3k | £105k |
| Net assets | £63.3k | £41.1k | £39.5k | £86.9k |
| Current assets | £110k | £112k | £70.6k | £115k |
| Debtors | — | £27.1k | £370 | £10k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | AbridgedAccounts · bulk data Jul 2025 | AbridgedAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 18.6%
- Profit ÷ revenue.
- Gross margin
- 24.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £134k
- Revenue ÷ average employees.
- Profit per employee
- £24.9k
- 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
- 3.8%
- 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
- ▲120%
- Now £86.9k
- Cash at bank
- ▲49%
- Now £105k
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Similar profitable businesses
- P J Tech Consulting LtdGreat Dunmow · Information technology consultancy activities
- Revenue
- £268k
- Profit
- £12k
- Staff
- 0
- Crewe Management LtdRichmond · Information technology consultancy activities
- Revenue
- £268k
- Profit
- £197k
- Staff
- 1
- Claricorp Consulting LimitedCoventry · Information technology consultancy activities
- Revenue
- £271k
- Profit
- £76.5k
- Staff
- 2
- Adaptrix Consulting LtdLondon · Information technology consultancy activities
- Revenue
- £272k
- Profit
- £72.5k
- Staff
- 3
- Recalldigit LimitedKnutsford · Information technology consultancy activities
- Revenue
- £262k
- Profit
- £149k
- Staff
- 2
- Coeus Consulting Solutions LtdLondon · Information technology consultancy activities
- Revenue
- £276k
- Profit
- £13.2k
- Staff
- 0
Sources
Latest figures from AbridgedAccounts for the year to 31 Oct 2025 (profit £49.9k), from the Companies House accounts bulk data published Jun 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.