How much does Tsquared P1 Limited make?

Tsquared P1 Limited reported revenue of £9.9m and £2.5m profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Tsquared P1 Limited have?

Tsquared P1 Limited reported an average of 21 employees in the year to 31 Mar 2026.

Is Tsquared P1 Limited profitable?

Yes — Tsquared P1 Limited reported a profit of £2.5m in the year to 31 Mar 2026.

Company No. SC242073 · Incorporated 9 Jan 2003

Tsquared P1 Limited

Registered name: TSQUARED P1 LIMITED

Part of Tsquared Eot Limited group

Tsquared P1 Limited made £9.9m revenue and £2.5m profit in the year to 31 Mar 2026.

Tsquared P1 Limited’s revenue fell 9% to £9.9m in the year to 31 Mar 2026, with £2.5m profit and 21 employees. The company is classified under “other specialised construction activities” and is based in Glasgow; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.SIC 74100specialised design activities

Status: Active
Location: Glasgow, Scotland
Age: 23 yrs · since 2003
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

Boring industry

Revenue

£9.9m

Growth ▼9.5%

Profit

£2.5m

Growth ▼37.9%

Profit margin

25.6%

Gross 45.6%

Employees

Change ▲10.5%

Profit / employee

£120k

Revenue/employee £469k

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)	£29.1m	£17.3m	£10.9m	£9.9m
Cost of sales	£16.7m	£9.8m	£4.4m	£5.4m
Gross profit	£12.4m	£7.5m	£6.5m	£4.5m
Profit before tax	£10.1m	£7.2m	£5.4m	£3.4m
Profit after tax	£8.2m	£5.4m	£4.1m	£2.5m
Profit (best available)	£8.2m	£5.4m	£4.1m	£2.5m
Staff costs	£4.7m	£4m	£2.4m	£4.5m
Employees (average)	24	19	19	21
Ratios
Profit margin	28.1%	30.9%	37.4%	25.6%
Gross margin	42.6%	43.3%	59.9%	45.6%
Revenue per employee	£1.2m	£913k	£573k	£469k
Profit per employee	£341k	£282k	£214k	£120k
Growth (year on year)
Revenue growth	—	▼40.5%	▼37.3%	▼9.5%
Profit growth	—	▼34.4%	▼24.2%	▼37.9%
Headcount growth	—	▼20.8%	0%	▲10.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£14.5m	£13.5m	£13.3m	£6.8m
Net assets	£13.7m	£13.9m	£14.6m	£9.5m
Current assets	£25.8m	£22.4m	£20.5m	£12.4m
Debtors	£959k	£830k	£1.1m	£2.7m
Deferred income	£1.2m	£832k	£701k	£591k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 25.6%; Profit ÷ revenue.
Gross margin: 45.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £469k; Revenue ÷ average employees.
Profit per employee: £120k; 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: 6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 27.9%; 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: ▼35%; Now £9.5m
Cash at bank: ▼49%; Now £6.8m
Headcount: ▲11%; Now 21
Deferred income: ▼16%; Now £591k
Fixed assets: —; Now —

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

Tsquared Eot Limitedultimate parent75–100%
Tsquared Group Limited75–100%
Tsquared P1 Limitedthis company

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

Sister companies (10)

T-Squared E1 LtdFigures not disclosed
T-Squared Technical Services LtdFigures not disclosed
T-Squared Validair LimitedFigures not disclosed
Tsquared P2 LimitedFigures not disclosed
Tsquared P3 LimitedFigures not disclosed
Tsquared P4 LtdFigures not disclosed
Tsquared P5 LimitedFigures not disclosed
Tsquared S1 LimitedFigures not disclosed
Tsquared S3 LimitedFigures not disclosed
Tsquared Shared LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £2.5m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.