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
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full 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) | 59 | 57 | 56 | 54 |
| Ratios | ||||
| Profit margin | 0% | 1.9% | 4.6% | 3.7% |
| Gross margin | 3.4% | 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 |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
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.
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
Similar profitable businesses
- Mediamonks London Ltd.London · Ready-made interactive leisure and entertainment software development
- Revenue
- £28.5m
- Profit
- £344k
- Staff
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- Super Global Technologies LtdLondon · Ready-made interactive leisure and entertainment software development
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- Lucid Games LimitedLiverpool · Ready-made interactive leisure and entertainment software development
- Revenue
- £20.9m
- Profit
- £40.2k
- Staff
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- Asun Services LimitedLondon · Ready-made interactive leisure and entertainment software development
- Revenue
- £40.2m
- Profit
- £11.3k
- Staff
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- Dambuster Studios Ltd.Nottingham · Ready-made interactive leisure and entertainment software development
- Revenue
- £15.8m
- Profit
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- Double Eleven LimitedMiddlesbrough · Ready-made interactive leisure and entertainment software development
- Revenue
- £50.7m
- Profit
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- Staff
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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.