How much does Itransition Group Limited make?

Itransition Group Limited reported revenue of £50.8m and £1.4m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Itransition Group Limited have?

Itransition Group Limited reported an average of 8 employees in the year to 31 Dec 2024.

Is Itransition Group Limited profitable?

Yes — Itransition Group Limited reported a profit of £1.4m in the year to 31 Dec 2024.

Company No. 05915098 · Incorporated 24 Aug 2006

Itransition Group Limited

Registered name: ITRANSITION GROUP LIMITED

Part of Itransition Holdco Limited group

Itransition Group Limited made £50.8m revenue and £1.4m profit in the year to 31 Dec 2024.

Itransition Group Limited’s revenue fell 8% to £50.8m in the year to 31 Dec 2024, with £1.4m profit and 8 employees. The company is classified under “business and domestic software development” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 62020Information technology consultancy activities SIC 62090Other information technology service activities

Status: Active
Location: London, London
Age: 20 yrs · since 2006
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: “The immediate controlling party is the parent company, Itransition Holdco Ltd, incorporated in England and whose registered office address is at 7 Bell Yard, London, WC2A 2JR. Itransition Holdco Ltd i”

Latest accounts · year to 31 Dec 2024

Key figures

Small teamCapital-lightCash flow filed

Revenue

£50.8m

Growth ▼8.5%

Profit

£1.4m

Growth ▲62.2%

Profit margin

2.8%

Gross 9.2%

Employees

Change ▼42.9%

Profit / employee

£179k

Revenue/employee £6.4m

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£55.4m	£55.5m	£50.8m
Cost of sales	£50.9m	£50.9m	£46.2m
Gross profit	£4.5m	£4.7m	£4.7m
Operating profit	£872k	£1.2m	£1.8m
Profit before tax	£874k	£1.2m	£1.9m
Profit after tax	£706k	£883k	£1.4m
Profit (best available)	£706k	£883k	£1.4m
Staff costs	£1.3m	£1.3m	£970k
Employees (average)	16	14	8
Ratios
Profit margin	1.3%	1.6%	2.8%
Gross margin	8.1%	8.4%	9.2%
Revenue per employee	£3.5m	£4m	£6.4m
Profit per employee	£44.2k	£63.1k	£179k
Cash conversion	1080%	−335.6%	180%
Growth (year on year)
Revenue growth	—	▲0.3%	▼8.5%
Profit growth	—	▲25.1%	▲62.2%
Headcount growth	—	▼12.5%	▼42.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.8m	£5.5m	£7.4m
Net assets	£876k	£639k	£972k
Fixed assets	£8k	£8.5k	£10.8k
Current assets	£19.4m	£13.8m	£14.5m
Debtors	£4.3m	£4.9m	£2.9m
Deferred income	£182k	£167k	£99.1k
Cash from operations	£9.4m	−£4m	£3.2m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 2.8%; Profit ÷ revenue.
Gross margin: 9.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £6.4m; Revenue ÷ average employees.
Profit per employee: £179k; Profit ÷ average employees.
Cash conversion: 180%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.8%; 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: ▲52%; Now £972k
Cash at bank: ▲35%; Now £7.4m
Headcount: ▼43%; Now 8
Deferred income: ▼41%; Now £99.1k
Fixed assets: ▲28%; Now £10.8k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Itransition Holdco Limitedultimate parent75–100%
Itransition Group Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Itransition Software LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.4m), from the Companies House accounts bulk data published Jun 2025. 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.