Tier 2 Consulting Limited

The directors present their strategic report for the year ended 31 March 2024. Business review Highlights The director aims to provide a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. The review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties faced. Tier 2 Consulting Limited is an IT consultancy offering software project technical solutions, planning, MVP definition, solutions architecture, technical consultancy and support & maintenance. The company reduces risk, designs optimum responsive user experience for any device, review of Red Hat implementations (such as JBoss EAP, Fuse, AMQ and OpenShift)ensuring best practices are applied, provides training and skills transfer workshops to assist organisations develop a strong internal skills base and provision of flexible, call-off support agreement - with defined response times for organisations who require occasional expert assistance on an ongoing basis. The company's identity is clearly defined, and is easy for clients to understand. Clients understand and appreciate the value of, and enjoy doing business with "specialists". The service delivery team is comprised of experienced developers, skilled in the leading state-of-the art technologies and techniques. Tier 2 Consulting Ltd, operates in the UK from an office in Stevenage, Hertfordshire. The director considers that the key performance indicators are those that measure the financial performance and strength of the company, these being turnover and operating profit. The turnover of the company was as follows; 2025 2024 £ £ 2,127,686 3,793,472 Turnover has decreased to £2,127,686 from £3,793,472 the previous year. Sales have decreased by 43.91% The company has recorded a operating loss of £554,972 from an operating profit of £823,214 last year and also recorded a pre-tax loss of £479,988 compared to a profit before tax of £861,520 the previous year. The company's capital and reserves have decreased by £479,988 to £1,470,956. during the year. (In 2024 the capital and reserves increased by £35,533 to £1,950,944). Principal risks and uncertainties As for many businesses of this size, current job insecurity, financial scrutiny, regulatory and business compliance, global terrorism, Brexit,IR35, now requires the aggressive adoption of risk management strategies and actions, to ensure the success of each business-driven, technology solution. Clients are looking at driving costs down. Tier 2 Consulting Limited's contribution to mitigating risk is significant, particularly with our blended model of onsite/offsite/offshore testing offerings. This enables our clients to guarantee the functionality, performance, and scalability of critical business applications and supporting technology infrastructure, ensuring that service level and financial management objectives are achieved.