User Testing Limited
Registered name: USER TESTING LIMITED
User Testing Limited made £13.1m revenue and £500k profit in the year to 31 Dec 2025.
User Testing Limited’s revenue fell 5% to £13.1m in the year to 31 Dec 2025, with £500k profit and 0 employees. The company is classified under “business and domestic software development” and is based in Edinburgh; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Edinburgh, Scotland
- Age
- 7 yrs · since 2019
- 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.
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 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £19.5m | £18.7m | £13.8m | £13.1m |
| Gross profit | £19.5m | £18.7m | £13.8m | £13.1m |
| Operating profit | £521k | −£4.3m | £688k | £610k |
| Profit before tax | £521k | −£4.3m | £697k | £613k |
| Profit after tax | £292k | −£4.7m | £580k | £500k |
| Profit (best available) | £292k | −£4.7m | £580k | £500k |
| Staff costs | £15.2m | £14.5m | £10.8m | £10.1m |
| Employees (average) | 180 | 170 | 0 | 0 |
| Ratios | ||||
| Profit margin | 1.5% | −25.3% | 4.2% | 3.8% |
| Gross margin | 100% | 100% | 100% | 100% |
| Revenue per employee | £108k | £110k | — | — |
| Profit per employee | £1.6k | −£27.9k | — | — |
| Cash conversion | 323.6% | — | −219.8% | 81.8% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼3.8% | ▼26.2% | ▼5.3% |
| Profit growth | — | ▼1724% | — | ▼13.9% |
| Headcount growth | — | ▼5.6% | ▼100% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.3m | £2.8m | £1.1m | £1.4m |
| Net assets | £3.4m | £5.4m | £6.1m | £6.7m |
| Fixed assets | £598k | £463k | £276k | £297k |
| Current assets | £4.5m | £14.9m | £27.1m | £27.4m |
| Debtors | £2.2m | £12.1m | £25.9m | £26m |
| Deferred income | £582k | £1.1m | £479k | £416k |
| Cash from operations | £1.7m | £517k | −£1.5m | £499k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 3.8%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- 81.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 198.2%
- 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
- ▲10%
- Now £6.7m
- Cash at bank
- ▲25%
- Now £1.4m
- Headcount
- —
- Now 0
- Deferred income
- ▼13%
- Now £416k
- Fixed assets
- ▲8%
- Now £297k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £500k), from the Companies House accounts bulk data published Jul 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.