Ti Con Group Companies Ltd
Registered name: TI CON GROUP COMPANIES LTD
Ti Con Group Companies Ltd made £48.8m revenue and £4.5m profit in the year to 31 Dec 2024. read from filing text
Ti Con Group Companies Ltd’s revenue grew 18% to £48.8m in the year to 31 Dec 2024, with £4.5m profit and 176 employees. The company is classified under “activities of other holding companies” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 4 yrs · since 2021
- 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 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £20.5m | £41.4m | £48.8m |
| Cost of sales | £15.8m | £30.9m | £40.7m |
| Gross profit | £4.7m | £10.6m | £8.1m |
| Operating profit | −£2.8m | £2.2m | £3.4m |
| Profit before tax | −£2.8m | £2.2m | £3.6m |
| Profit after tax | −£2.7m | £2.1m | £4.5m |
| Profit (best available) | −£2.7m | £2.1m | £4.5m |
| Employees (average) | 286 | 383 | 176 |
| Ratios | |||
| Profit margin | −13.2% | 5.1% | 9.1% |
| Gross margin | 22.8% | 25.5% | 16.7% |
| Revenue per employee | £71.7k | £108k | £277k |
| Profit per employee | −£9.4k | £5.5k | £25.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲101.9% | ▲17.8% |
| Profit growth | — | — | ▲110.5% |
| Headcount growth | — | ▲33.9% | ▼54% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £0 | £7k | £228k |
| Net assets | £1 | £5.2m | £5.2m |
| Fixed assets | £81.8k | £89.7k | £89.7k |
| Current assets | £0 | £5.2m | £5.1m |
| Debtors | £0 | £0 | £0 |
| Source | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 9.1%
- Profit ÷ revenue.
- Gross margin
- 16.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £277k
- Revenue ÷ average employees.
- Profit per employee
- £25.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▼1%
- Now £5.2m
- Cash at bank
- ▲3166%
- Now £228k
- Headcount
- ▼54%
- Now 176
- Deferred income
- —
- Now —
- Fixed assets
- 0%
- Now £89.7k
Group structure
Subsidiaries (1)
- Ti UK Contracting LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £4.5m), from the Companies House accounts bulk data published Jan 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.