How much does Smiths Equipment Hire Limited make?

Smiths Equipment Hire Limited reported revenue of £19.9m and £919k profit in the year to 28 Feb 2025, according to its accounts filed at Companies House.

How many employees does Smiths Equipment Hire Limited have?

Smiths Equipment Hire Limited reported an average of 191 employees in the year to 28 Feb 2025.

Is Smiths Equipment Hire Limited profitable?

Yes — Smiths Equipment Hire Limited reported a profit of £919k in the year to 28 Feb 2025.

Company No. 00992884 · Incorporated 28 Oct 1970

Smiths Equipment Hire Limited

Registered name: SMITHS EQUIPMENT HIRE LIMITED

Part of Smiths Equipment Hire (Holdings) Limited group

Smiths Equipment Hire Limited made £19.9m revenue and £919k profit in the year to 28 Feb 2025.

Smiths Equipment Hire Limited’s revenue fell 1% to £19.9m in the year to 28 Feb 2025, with £919k profit and 191 employees. The company is classified under “other specialised construction activities” and is based in Blackpool; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.

Status: Active
Location: Blackpool, North West
Age: 55 yrs · since 1970
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 28 Feb 2025

Key figures

Boring industryCash flow filed

Revenue

£19.9m

Growth ▼0.5%

Profit

£919k

Growth ▼33.4%

Profit margin

4.6%

Gross 45%

Employees

191

Change ▲2.7%

Profit / employee

£4.8k

Revenue/employee £104k

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	28 Feb 2023	29 Feb 2024	28 Feb 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.2m	£20m	£19.9m
Cost of sales	£9.4m	£10.7m	£11m
Gross profit	£8.9m	£9.3m	£9m
Operating profit	£2.2m	£2.2m	£1.6m
Profit before tax	£2m	£1.9m	£1.3m
Profit after tax	£1.6m	£1.4m	£919k
Profit (best available)	£1.6m	£1.4m	£919k
Staff costs	£5.8m	£6.8m	£7.2m
Employees (average)	178	186	191
Ratios
Profit margin	8.8%	6.9%	4.6%
Gross margin	48.7%	46.5%	45%
Revenue per employee	£102k	£108k	£104k
Profit per employee	£9k	£7.4k	£4.8k
Cash conversion	−177.4%	−237.6%	−323.8%
Growth (year on year)
Revenue growth	—	▲9.7%	▼0.5%
Profit growth	—	▼14.3%	▼33.4%
Headcount growth	—	▲4.5%	▲2.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£74.8k	£54.7k	£51.7k
Net assets	£10m	£10.2m	£11.1m
Fixed assets	£15.7m	£17.6m	£16.7m
Current assets	£4.6m	£3.9m	£4m
Debtors	£3m	£3m	£2.9m
Deferred income	£310k	£354k	£299k
Cash from operations	−£4m	−£5.1m	−£5m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 4.6%; Profit ÷ revenue.
Gross margin: 45%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £104k; Revenue ÷ average employees.
Profit per employee: £4.8k; Profit ÷ average employees.
Cash conversion: −323.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 84%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.6%; 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 £11.1m
Cash at bank: ▼5%; Now £51.7k
Headcount: ▲3%; Now 191
Deferred income: ▼15%; Now £299k
Fixed assets: ▼5%; Now £16.7m

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

Smiths Equipment Hire (Holdings) Limitedultimate parent75–100%
Smiths Equipment Hire Limitedthis company

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

Sister companies (1)

Formby Tool Hire LimitedFigures not disclosed

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £919k), 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.