Grey Technology Holding Limited
Registered name: GREY TECHNOLOGY HOLDING LIMITED
Grey Technology Holding Limited made £50m revenue and £7.5m profit in the year to 30 Nov 2024.
Grey Technology Holding Limited’s revenue grew 4% to £50m in the year to 30 Nov 2024, with £7.5m profit and 117 employees. The company is classified under “activities of other holding companies” and is based in Worcester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Worcester, West Midlands
- Age
- 10 yrs · since 2016
- 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 | 30 Nov 2021 | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £65.1m | £34.4m | £48m | £50m |
| Cost of sales | £33.8m | £19.7m | −£28m | −£18m |
| Gross profit | £31.3m | £14.7m | £20m | £32m |
| Operating profit | £12.4m | £894k | −£1.4m | £9.3m |
| Profit before tax | £12.5m | £586k | −£1.1m | £10.1m |
| Profit after tax | £10.2m | £1.9m | −£1.2m | £7.5m |
| Profit (best available) | £10.2m | £1.9m | −£1.2m | £7.5m |
| Employees (average) | 199 | 161 | 134 | 117 |
| Ratios | ||||
| Profit margin | 15.6% | 5.6% | −2.4% | 15.1% |
| Gross margin | 48.1% | 42.7% | 41.7% | 63.9% |
| Revenue per employee | £327k | £213k | £358k | £427k |
| Profit per employee | £51.1k | £11.9k | −£8.7k | £64.5k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼47.2% | ▲39.7% | ▲4.2% |
| Profit growth | — | ▼81.1% | ▼160.5% | — |
| Headcount growth | — | ▼19.1% | ▼16.8% | ▼12.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £8.5m | £8.5m | — | — |
| Net assets | £15.1m | £14.9m | — | — |
| Fixed assets | £6.1m | £5.8m | — | — |
| Current assets | £9m | £9.1m | — | — |
| Debtors | £0 | £0 | — | — |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 15.1%
- Profit ÷ revenue.
- Gross margin
- 63.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £427k
- Revenue ÷ average employees.
- Profit per employee
- £64.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▼13%
- Now 117
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Grey Technology LimitedRev. £34.4m · Profit £1.9m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Nov 2024 (profit £7.5m), from the Companies House accounts bulk data published Oct 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.