Smiths Group PLC
Registered name: SMITHS GROUP PLC
Smiths Group PLC made £3.1bn revenue and £251m profit in the year to 31 Jul 2024.
Smiths Group PLC’s revenue grew 3% to £3.1bn in the year to 31 Jul 2024, with £251m profit and 16,550 employees. The company is classified under “activities of head offices” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 112 yrs · since 1914
- Type
- Public 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 | 31 Jul 2023 | 31 Jul 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £3bn | £3.1bn |
| Operating profit | £403m | £415m |
| Profit before tax | £360m | £372m |
| Profit after tax | £232m | £251m |
| Profit (best available) | £232m | £251m |
| Employees (average) | 16,150 | 16,550 |
| Ratios | ||
| Profit margin | 7.6% | 8% |
| Revenue per employee | £188k | £189k |
| Profit per employee | £14.4k | £15.2k |
| Growth (year on year) | ||
| Revenue growth | — | ▲3.1% |
| Profit growth | — | ▲8.2% |
| Headcount growth | — | ▲2.5% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £189k
- Revenue ÷ average employees.
- Profit per employee
- £15.2k
- 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
- ▲2%
- Now 16,550
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (14)
- Eis Group LimitedFigures not disclosed
- Flightspares LimitedFigures not disclosed
- Roof Units (Group) LimitedFigures not disclosed
- S.i. Pension Trustees LimitedFigures not disclosed
- Si Properties LimitedFigures not disclosed
- Smiths Aerospace Components Tyseley LtdFigures not disclosed
- Smiths Group International Holdings LimitedFigures not disclosed
- Smiths Industries LimitedFigures not disclosed
- Smiths Nominees LimitedFigures not disclosed
- Smiths Pensions LimitedFigures not disclosed
- T I Group LimitedFigures not disclosed
- Ti Corporate Services LimitedFigures not disclosed
- Tigrup No. 7 LimitedFigures not disclosed
- XDG LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jul 2024 (profit £251m), from the Companies House accounts bulk data published Oct 2024. 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.