Sitec Infrastructure Services Ltd
Registered name: SITEC INFRASTRUCTURE SERVICES LTD
Part of Whistler Topco Limited groupSitec Infrastructure Services Ltd made £26.5m revenue and £3.9m profit in the year to 31 May 2024.
Sitec Infrastructure Services Ltd’s revenue grew 25% to £26.5m in the year to 31 May 2024, with £3.9m profit and 111 employees. The company is classified under “other telecommunications activities” and is based in Warrington; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Warrington, North West
- Age
- 19 yrs · since 2007
- 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: “Whistler Bidco Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2023 | 31 May 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £21.2m | £26.5m |
| Cost of sales | £16.6m | £19.6m |
| Gross profit | £4.6m | £6.8m |
| Operating profit | £500k | £3.9m |
| Profit before tax | £460k | £3.9m |
| Profit after tax | £460k | £3.9m |
| Profit (best available) | £460k | £3.9m |
| Staff costs | £6.1m | £4.9m |
| Employees (average) | 132 | 111 |
| Ratios | ||
| Profit margin | 2.2% | 14.8% |
| Gross margin | 21.9% | 25.8% |
| Revenue per employee | £161k | £239k |
| Profit per employee | £3.5k | £35.3k |
| Growth (year on year) | ||
| Revenue growth | — | ▲24.9% |
| Profit growth | — | ▲753.9% |
| Headcount growth | — | ▼15.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £93.9k | £2.9m |
| Net assets | −£9.4m | −£5.5m |
| Fixed assets | £362k | £295k |
| Current assets | £7.9m | £8.6m |
| Debtors | £4.2m | £3.2m |
| Deferred income | £1.2m | £862k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 14.8%
- Profit ÷ revenue.
- Gross margin
- 25.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £239k
- Revenue ÷ average employees.
- Profit per employee
- £35.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12%
- 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
- —
- Now −£5.5m
- Cash at bank
- ▲2956%
- Now £2.9m
- Headcount
- ▼16%
- Now 111
- Deferred income
- ▼30%
- Now £862k
- Fixed assets
- ▼18%
- Now £295k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Whistler Topco Limitedultimate parent75–100%
- Whistler Midco Limited75–100%
- Whistler Bidco Limited75–100%
- Sitec Infrastructure Services Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Intelligent Communications Solutions LimitedRev. £18.2m · Profit £448k
- Blue Clarity Design Services LtdFigures not disclosed
- Cooper Topco LimitedFigures not disclosed
- Redhall Network Solutions Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 May 2024 (profit £3.9m), from the Companies House accounts bulk data published Dec 2024. 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.