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Company No. SC354098 · Incorporated 27 Jan 2009

IT Is on Limited

Registered name: IT IS ON LIMITED

IT Is on Limited made £27.4m revenue and £1m profit in the year to 31 Dec 2025.

IT Is on Limited’s revenue grew 15% to £27.4m in the year to 31 Dec 2025, with £1m profit and 54 employees. The company is classified under “ready-made interactive leisure and entertainment software development” and is based in Glasgow; we hold 4 years of its filed accounts.

Status
Active
Location
Glasgow, Scotland
Age
17 yrs · since 2009
Type
Private Limited Company
Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightDoing more with lessCash flow filed
Revenue
£27.4m
Growth ▲14.6%
Profit
£1m
Growth ▼7.6%
Profit margin
3.7%
Gross 6.5%
Employees
54
Change ▼3.6%
Profit / employee
£18.6k
Revenue/employee £507k
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 to31 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£19.8m£21.4m£23.9m£27.4m
Cost of sales£19.1m£19.9m£22m£25.6m
Gross profit£677k£1.5m£1.9m£1.8m
Operating profit−£192k£510k£1.1m£919k
Profit before tax−£127k£726k£1.5m£1.3m
Profit after tax£2.6k£407k£1.1m£1m
Profit (best available)£2.6k£407k£1.1m£1m
Staff costs£2.5m£2.5m£2.7m£2.9m
Employees (average)59575654
Ratios
Profit margin0%1.9%4.6%3.7%
Gross margin3.4%6.9%7.8%6.5%
Revenue per employee£335k£375k£427k£507k
Profit per employee£44£7.1k£19.5k£18.6k
Cash conversion—−218.4%−195.9%−265.9%
Growth (year on year)
Revenue growth—▲8.2%▲11.9%▲14.6%
Profit growth—▲15538%▲167.8%▼7.6%
Headcount growth—▼3.4%▼1.8%▼3.6%
Balance sheet — indirect signals, not revenue
Cash at bank£10.8m£11.7m£14m£16.5m
Net assets£9.7m£10.1m£11.2m£12.2m
Fixed assets£764k£506k£808k£691k
Current assets£17.8m£19.1m£20.9m£23.1m
Debtors£67k£20.4k£41.4k£30.4k
Cash from operations£88.7k−£1.1m−£2.1m−£2.4m
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
3.7%
Profit ÷ revenue.
Gross margin
6.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£507k
Revenue ÷ average employees.
Profit per employee
£18.6k
Profit ÷ average employees.
Cash conversion
−265.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
2.5%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0.1%
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
▲9%
Now £12.2m
Cash at bank
▲18%
Now £16.5m
Headcount
▼4%
Now 54
Deferred income
—
Now —
Fixed assets
▼14%
Now £691k
Same industry, similar size

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Sources

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1m), 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.