How much does H.R. Smith (Technical Developments) Limited make?

H.R. Smith (Technical Developments) Limited reported revenue of £6.1m and £54.7k profit in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does H.R. Smith (Technical Developments) Limited have?

H.R. Smith (Technical Developments) Limited reported an average of 105 employees in the year to 31 Jan 2025.

Is H.R. Smith (Technical Developments) Limited profitable?

Yes — H.R. Smith (Technical Developments) Limited reported a profit of £54.7k in the year to 31 Jan 2025.

Company No. 00878510 · Incorporated 4 May 1966

H.R. Smith (Technical Developments) Limited

Registered name: H.R. SMITH (TECHNICAL DEVELOPMENTS) LIMITED

Part of H.R.Smith Group Limited group

H.R. Smith (Technical Developments) Limited made £6.1m revenue and £54.7k profit in the year to 31 Jan 2025.

H.R. Smith (Technical Developments) Limited’s revenue grew 4% to £6.1m in the year to 31 Jan 2025, with £54.7k profit and 105 employees. The company is classified under “manufacture of loaded electronic boards” and is based in Leominster; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26120Manufacture of loaded electronic boards SIC 26309Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment SIC 26511Manufacture of electronic measuring, testing etc. equipment, not for industrial process control SIC 33130Repair of electronic and optical equipment

Status: Active
Location: Leominster, West Midlands
Age: 60 yrs · since 1966
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.

Latest accounts · year to 31 Jan 2025

Key figures

Revenue

£6.1m

Growth ▲4.4%

Profit

£54.7k

Growth ▼93.4%

Profit margin

0.9%

Gross 45.8%

Employees

105

Change ▲2.9%

Profit / employee

£521

Revenue/employee £58.4k

Profitable streak

2yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.1m	£4m	£5.9m	£6.1m
Cost of sales	£1.3m	£2m	£2.2m	£3.3m
Gross profit	£1.8m	£1.9m	£3.7m	£2.8m
Operating profit	−£124k	−£635k	£949k	—
Profit before tax	−£124k	−£636k	£949k	−£46k
Profit after tax	£7.7k	−£311k	£835k	£54.7k
Profit (best available)	£7.7k	−£311k	£835k	£54.7k
Staff costs	£2m	£2.8m	£2.9m	£3m
Employees (average)	70	86	102	105
Ratios
Profit margin	0.3%	−7.9%	14.2%	0.9%
Gross margin	58.8%	48.7%	62.8%	45.8%
Revenue per employee	£44.1k	£46.1k	£57.6k	£58.4k
Profit per employee	£110	−£3.6k	£8.2k	£521
Growth (year on year)
Revenue growth	—	▲28.3%	▲48.2%	▲4.4%
Profit growth	—	▼4133%	—	▼93.4%
Headcount growth	—	▲22.9%	▲18.6%	▲2.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£352k	£388k	£430k	£587k
Net assets	£8.4m	£3.1m	£4.7m	£4.7m
Fixed assets	£2.1m	£2m	£2.9m	£3.9m
Current assets	£7.7m	£2.9m	£4.4m	£3.5m
Debtors	£1.1m	£890k	£560k	£1.2m
Deferred income	£60.2k	£93.1k	£1.1m	—
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 45.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £58.4k; Revenue ÷ average employees.
Profit per employee: £521; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 63.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.3%; 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: ▲1%; Now £4.7m
Cash at bank: ▲37%; Now £587k
Headcount: ▲3%; Now 105
Deferred income: —; Now —
Fixed assets: ▲32%; Now £3.9m

Corporate ownership

Group structure

Ownership chain

H.R.Smith Group Limited (registered outside the UK register)ultimate parent75–100%
H.R. Smith (Technical Developments) 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £54.7k), from the Companies House accounts bulk data published Oct 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.