Wheeler Electrical Limited
Registered name: WHEELER ELECTRICAL LIMITED
Part of TDH Wheeler Limited groupWheeler Electrical Limited made £23.9m revenue and £2.1m profit in the year to 31 May 2025.
Wheeler Electrical Limited’s revenue grew 19% to £23.9m in the year to 31 May 2025, with £2.1m profit and 80 employees. The company is classified under “electrical installation” and is based in Hailsham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Hailsham, South East
- Age
- 62 yrs · since 1964
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £15.7m | £18.5m | £20.1m | £23.9m |
| Cost of sales | £12.7m | £14.7m | £16.4m | £18.5m |
| Gross profit | £3.1m | £3.8m | £3.7m | £5.4m |
| Operating profit | £952k | £1.3m | £986k | £2.7m |
| Profit before tax | £921k | £1.3m | £966k | £2.7m |
| Profit after tax | £750k | £1.2m | £744k | £2.1m |
| Profit (best available) | £750k | £1.2m | £744k | £2.1m |
| Staff costs | £3.3m | £3.9m | £3.8m | £3.5m |
| Employees (average) | 88 | 96 | 90 | 80 |
| Ratios | ||||
| Profit margin | 4.8% | 6.5% | 3.7% | 8.6% |
| Gross margin | 19.4% | 20.4% | 18.4% | 22.5% |
| Revenue per employee | £179k | £192k | £223k | £298k |
| Profit per employee | £8.5k | £12.4k | £8.3k | £25.7k |
| Cash conversion | −105.4% | −11.3% | −197% | −149.2% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲17.4% | ▲8.8% | ▲18.7% |
| Profit growth | — | ▲59.1% | ▼37.6% | ▲175.9% |
| Headcount growth | — | ▲9.1% | ▼6.3% | ▼11.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.2m | £128k | £1m | £2.8m |
| Net assets | £2.9m | £3.3m | £3.3m | £3.8m |
| Fixed assets | £895k | £985k | £931k | £1.2m |
| Current assets | £5.5m | £6.1m | £6.2m | £8.7m |
| Debtors | £2.7m | £4m | £3m | £1.9m |
| Cash from operations | −£1m | −£149k | −£1.9m | −£4m |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 8.6%
- Profit ÷ revenue.
- Gross margin
- 22.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £298k
- Revenue ÷ average employees.
- Profit per employee
- £25.7k
- Profit ÷ average employees.
- Cash conversion
- −149.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.1%
- 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
- ▲15%
- Now £3.8m
- Cash at bank
- ▲174%
- Now £2.8m
- Headcount
- ▼11%
- Now 80
- Deferred income
- —
- Now —
- Fixed assets
- ▲26%
- Now £1.2m
Group structure
Ownership chain
- TDH Wheeler Limitedultimate parent75–100%
- Wheeler Electrical Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Farinet Associates LimitedFigures not disclosed
- Wheeler Mep LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit £2.1m), from the Companies House accounts bulk data published Feb 2026. 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.