Amnitec Limited
Registered name: AMNITEC LIMITED
Part of Smiths Group PLC groupAmnitec Limited made £11.4m revenue and a £901k loss in the year to 31 Jul 2024.
Amnitec Limited’s revenue fell 2% to £11.4m in the year to 31 Jul 2024, with a loss of £901k and 103 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Mid Glamorgan; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Mid Glamorgan, Wales
- Age
- 69 yrs · since 1957
- 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: “Smiths Group plc”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2022 | 31 Jul 2023 | 31 Jul 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £8.2m | £11.6m | £11.4m |
| Cost of sales | £7.9m | £9.8m | £9.5m |
| Gross profit | £319k | £1.8m | £1.8m |
| Operating profit | −£587k | £388k | −£350k |
| Profit before tax | −£652k | £118k | −£901k |
| Profit after tax | −£528k | £118k | −£901k |
| Profit (best available) | −£528k | £118k | −£901k |
| Staff costs | £3m | £3.6m | £4.2m |
| Employees (average) | 98 | 106 | 103 |
| Ratios | |||
| Profit margin | −6.5% | 1% | −7.9% |
| Gross margin | 3.9% | 15.8% | 16.2% |
| Revenue per employee | £83.4k | £109k | £111k |
| Profit per employee | −£5.4k | £1.1k | −£8.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▲41.8% | ▼1.8% |
| Profit growth | — | — | ▼863.6% |
| Headcount growth | — | ▲8.2% | ▼2.8% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £486k | £160k | £246k |
| Net assets | £4.2m | £4.3m | £3.4m |
| Fixed assets | £2.3m | £2.5m | £2.5m |
| Current assets | £9.6m | £10.6m | £7.4m |
| Debtors | £2.4m | £3.3m | £2.9m |
| Deferred income | £519k | £560k | £413k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data May 2025 |
How the business works
- Profit margin
- −7.9%
- Profit ÷ revenue.
- Gross margin
- 16.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £111k
- Revenue ÷ average employees.
- Profit per employee
- −£8.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 22.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 25.6%
- 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
- ▼21%
- Now £3.4m
- Cash at bank
- ▲54%
- Now £246k
- Headcount
- ▼3%
- Now 103
- Deferred income
- ▼26%
- Now £413k
- Fixed assets
- ▲2%
- Now £2.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Smiths Group PLCultimate parent75–100%
- Smiths Group International Holdings Limited75–100%
- Flex-Tek Group Limited75–100%
- Amnitec Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Centurion Europe LimitedDoncaster · Manufacture of other fabricated metal products n.e.c.
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- Profit
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- Staff
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- Clyde Associated Engineers, LimitedClydebank · Manufacture of other fabricated metal products n.e.c.
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- Debar LtdLeeds · Manufacture of other fabricated metal products n.e.c.
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- Harper UK (Aberdeen) LtdAberdeen · Manufacture of other fabricated metal products n.e.c.
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- £11.2m
- Profit
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- McAuley Fabrication LimitedBallymoney · Manufacture of other fabricated metal products n.e.c.
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- Leec LimitedNottingham · Manufacture of other fabricated metal products n.e.c.
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Jul 2024 (profit −£901k), from the Companies House accounts bulk data published May 2025. 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.