How much does Meridian IT Limited make?

Meridian IT Limited reported revenue of £17.2m and £996k profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Meridian IT Limited have?

Meridian IT Limited reported an average of 65 employees in the year to 31 Mar 2026.

Is Meridian IT Limited profitable?

Yes — Meridian IT Limited reported a profit of £996k in the year to 31 Mar 2026.

Company No. 02654994 · Incorporated 17 Oct 1991

Meridian IT Limited

Registered name: MERIDIAN IT LIMITED

Part of Merex Technology Inc. group

Meridian IT Limited made £17.2m revenue and £996k profit in the year to 31 Mar 2026.

Meridian IT Limited’s revenue fell 13% to £17.2m in the year to 31 Mar 2026, with £996k profit and 65 employees. The company is classified under “other information technology service activities” and is based in Henley in Arden; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: Henley in Arden, West Midlands
Age: 35 yrs · since 1991
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.

Latest accounts · year to 31 Mar 2026

Key figures

Cash flow filed

Revenue

£17.2m

Growth ▼12.8%

Profit

£996k

Growth ▼2.9%

Profit margin

5.8%

Gross 31.5%

Employees

Change ▼11%

Profit / employee

£15.3k

Revenue/employee £265k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£20.9m	£19.5m	£19.7m	£17.2m
Cost of sales	£14.8m	£13.1m	£14.6m	£11.8m
Gross profit	£6.1m	£6.3m	£5.2m	£5.4m
Operating profit	£2.3m	£2.4m	£1.3m	£1.5m
Profit before tax	£2.4m	£2.5m	£1.4m	£1.4m
Profit after tax	£1.9m	£1.9m	£1m	£996k
Profit (best available)	£1.9m	£1.9m	£1m	£996k
Staff costs	£3.9m	£4.2m	£5.3m	£5.5m
Employees (average)	39	49	73	65
Ratios
Profit margin	9.2%	9.6%	5.2%	5.8%
Gross margin	29.1%	32.6%	26.2%	31.5%
Revenue per employee	£537k	£397k	£270k	£265k
Profit per employee	£49.2k	£38.1k	£14.1k	£15.3k
Cash conversion	−177.1%	−11.5%	−420.8%	61.2%
Growth (year on year)
Revenue growth	—	▼7%	▲1.3%	▼12.8%
Profit growth	—	▼2.8%	▼45%	▼2.9%
Headcount growth	—	▲25.6%	▲49%	▼11%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.8m	£4.5m	£6.3m	£5m
Net assets	£4.1m	£6m	£5m	£6m
Fixed assets	£757k	£1.5m	£2.4m	£1.9m
Current assets	£9.5m	£10.9m	£9.7m	£8.9m
Debtors	£2.9m	£5.2m	£1.7m	£1.7m
Deferred income	—	—	£1.9m	£1.3m
Cash from operations	−£4.1m	−£281k	−£5.5m	£891k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Oct 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 5.8%; Profit ÷ revenue.
Gross margin: 31.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £265k; Revenue ÷ average employees.
Profit per employee: £15.3k; Profit ÷ average employees.
Cash conversion: 61.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 11.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲20%; Now £6m
Cash at bank: ▼20%; Now £5m
Headcount: ▼11%; Now 65
Deferred income: ▼30%; Now £1.3m
Fixed assets: ▼20%; Now £1.9m

Corporate ownership

Group structure

Ownership chain

Merex Technology Inc. (registered outside the UK register)ultimate parent75–100%
Meridian IT Limitedthis 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £996k), 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.