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Company No. 00946573 · Incorporated 23 Jan 1969

Destec Engineering Limited

Registered name: DESTEC ENGINEERING LIMITED

Destec Engineering Limited made £13.5m revenue and £1.7m profit in the year to 28 Feb 2025.

Destec Engineering Limited’s revenue grew 30% to £13.5m in the year to 28 Feb 2025, with £1.7m profit and 81 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Lincoln; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25990Manufacture of other fabricated metal products n.e.c.
Status
Active
Location
Lincoln, East Midlands
Age
57 yrs · since 1969
Type
Private Limited Company
Latest accounts · year to 28 Feb 2025

Key figures

IndependentOperating leverageDoing more with less
Revenue
£13.5m
Growth ▲30.3%
Profit
£1.7m
Growth ▲109.7%
Profit margin
12.3%
Gross 36.7%
Employees
81
Change ▼4.7%
Profit / employee
£20.5k
Revenue/employee £166k
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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to28 Feb 202228 Feb 202328 Feb 202428 Feb 2025
DisclosureFull P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£7.2m£14.8m£10.3m£13.5m
Cost of sales£5m£8.1m£7.1m£8.5m
Gross profit£2.2m£6.6m£3.2m£4.9m
Operating profit−£59.5k£4.3m£632k£2m
Profit before tax−£18.5k£4.3m£761k£2.2m
Profit after tax−£142k£3.5m£792k£1.7m
Profit (best available)−£142k£3.5m£792k£1.7m
Staff costs£3.6m£4.4m£4.6m£5m
Employees (average)—888581
Ratios
Profit margin−2%23.9%7.6%12.3%
Gross margin30.6%44.9%31.1%36.7%
Revenue per employee—£168k£122k£166k
Profit per employee—£40.2k£9.3k£20.5k
Growth (year on year)
Revenue growth—▲105.9%▼30%▲30.3%
Profit growth——▼77.6%▲109.7%
Headcount growth——▼3.4%▼4.7%
Balance sheet — indirect signals, not revenue
Cash at bank£777k£1.9m£3.8m£5.4m
Net assets£12.2m£15.7m£16.5m£17.4m
Fixed assets£4m£4.1m£4.8m£5.3m
Current assets£9.6m£14.1m£14.7m£16.2m
Debtors£1.3m£2.5m£1.6m£1.8m
Deferred income£53.9k£83.7k£117k£89.4k
SourceAccounts · bulk data Feb 2024Accounts · bulk data Feb 2024FullAccounts · bulk data Nov 2024FullAccounts · bulk data Feb 2026
Derived from the latest filing

How the business works

Profit margin
12.3%
Profit ÷ revenue.
Gross margin
36.7%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£166k
Revenue ÷ average employees.
Profit per employee
£20.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
39.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.7%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
13.7%
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
▲5%
Now £17.4m
Cash at bank
▲42%
Now £5.4m
Headcount
▼5%
Now 81
Deferred income
▼24%
Now £89.4k
Fixed assets
▲9%
Now £5.3m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £1.7m), 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.