How much does Team Industrial Services (UK) Limited make?

Team Industrial Services (UK) Limited reported revenue of £38.7m and £2.8m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Team Industrial Services (UK) Limited have?

Team Industrial Services (UK) Limited reported an average of 275 employees in the year to 31 Dec 2024.

Is Team Industrial Services (UK) Limited profitable?

Yes — Team Industrial Services (UK) Limited reported a profit of £2.8m in the year to 31 Dec 2024.

Company No. 00238721 · Incorporated 15 Apr 1929

Team Industrial Services (UK) Limited

Registered name: TEAM INDUSTRIAL SERVICES (UK) LIMITED

Part of Team, Inc. group

Team Industrial Services (UK) Limited made £38.7m revenue and £2.8m profit in the year to 31 Dec 2024. read from filing text

Team Industrial Services (UK) Limited’s revenue fell 7% to £38.7m in the year to 31 Dec 2024, with £2.8m profit and 275 employees. The company is classified under “repair of other equipment” and is based in Kendal; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 33190Repair of other equipment

Status: Active
Location: Kendal, North West
Age: 97 yrs · since 1929
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. From the filing: “The Company is a wholly owned subsidiary of Furmanite 1986 Limited, a Company registered in England and Wales at Furman House, Shap Road, Kendal, Cumbria, England, LA9 6RU. Team, Inc, a Company incorp”

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£38.7m

Growth ▼7.4%

Profit

£2.8m

Growth ▼30.5%

Profit margin

7.3%

Gross 24.4%

Employees

275

Change ▲1.5%

Profit / employee

£10.3k

Revenue/employee £141k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£35.3m	£41.8m	£38.7m
Cost of sales	£26.4m	£30.1m	£29.3m
Gross profit	£8.9m	£11.7m	£9.4m
Operating profit	£3.4m	£7.7m	£5.3m
Profit before tax	£2m	£6m	£3.7m
Profit after tax	£1m	£4.1m	£2.8m
Profit (best available)	£1m	£4.1m	£2.8m
Staff costs	£14.8m	£16m	£16.9m
Employees (average)	259	271	275
Ratios
Profit margin	2.9%	9.7%	7.3%
Gross margin	25.3%	28%	24.4%
Revenue per employee	£136k	£154k	£141k
Profit per employee	£4k	£15k	£10.3k
Growth (year on year)
Revenue growth	—	▲18.4%	▼7.4%
Profit growth	—	▲293.1%	▼30.5%
Headcount growth	—	▲4.6%	▲1.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£860k	£1.4m	£517k
Net assets	£30m	£34m	£37.1m
Fixed assets	£4.9m	£4.7m	£4.4m
Current assets	£47.2m	£48m	£50m
Debtors	£4m	£5.2m	£6.4m
Deferred income	£1.7m	£1.5m	£1m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 7.3%; Profit ÷ revenue.
Gross margin: 24.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £141k; Revenue ÷ average employees.
Profit per employee: £10.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 11.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.5%; 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 £37.1m
Cash at bank: ▼64%; Now £517k
Headcount: ▲1%; Now 275
Deferred income: ▼33%; Now £1m
Fixed assets: ▼6%; Now £4.4m

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

Team, Inc. (registered outside the UK register)ultimate parent75–100%
Furmanite Limited75–100%
Furmanite 198675–100%
Team Industrial Services (UK) Limitedthis company

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

Sister companies (1)

Team Industrial Services Inspection LimitedFigures not disclosed

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2.8m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 11 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.