How much does T.F. Tull Limited make?

T.F. Tull Limited reported revenue of £15.8m and £484k profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does T.F. Tull Limited have?

T.F. Tull Limited reported an average of 61 employees in the year to 31 Oct 2025.

Is T.F. Tull Limited profitable?

Yes — T.F. Tull Limited reported a profit of £484k in the year to 31 Oct 2025.

Company No. 01026256 · Incorporated 5 Oct 1971

T.F. Tull Limited

Registered name: T.F. TULL LIMITED

T.F. Tull Limited made £15.8m revenue and £484k profit in the year to 31 Oct 2025.

T.F. Tull Limited’s revenue grew 23% to £15.8m in the year to 31 Oct 2025, with £484k profit and 61 employees. The company is classified under “plumbing, heat and air-conditioning installation” and is based in Watford; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43220Plumbing, heat and air-conditioning installation

Status: Active
Location: Watford, East of England
Age: 55 yrs · since 1971
Type: Private Limited Company

Latest accounts · year to 31 Oct 2025

Key figures

IndependentCapital-lightBoring industryCash flow filed

Revenue

£15.8m

Growth ▲23.4%

Profit

£484k

Growth ▼20.5%

Profit margin

3.1%

Gross 15.9%

Employees

Change 0%

Profit / employee

£7.9k

Revenue/employee £259k

Profitable streak

4yrs

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 Oct 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.8m	£12.9m	£12.8m	£15.8m
Cost of sales	£8.3m	£10.2m	£10.2m	£13.3m
Gross profit	£2.5m	£2.7m	£2.6m	£2.5m
Operating profit	£1.2m	£942k	£784k	£626k
Profit before tax	£1.2m	£945k	£802k	£642k
Profit after tax	£1m	£737k	£608k	£484k
Profit (best available)	£1m	£737k	£608k	£484k
Staff costs	£2.5m	£2.9m	£3.2m	£3.4m
Employees (average)	56	57	61	61
Ratios
Profit margin	9.3%	5.7%	4.7%	3.1%
Gross margin	23.3%	21%	20.2%	15.9%
Revenue per employee	£193k	£227k	£210k	£259k
Profit per employee	£17.9k	£12.9k	£10k	£7.9k
Cash conversion	−5.1%	−169%	−37.3%	−179.8%
Growth (year on year)
Revenue growth	—	▲19.5%	▼0.8%	▲23.4%
Profit growth	—	▼26.4%	▼17.5%	▼20.5%
Headcount growth	—	▲1.8%	▲7%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£521k	£1.3m	£765k	£598k
Net assets	£2.7m	£2.9m	£2.9m	£2.3m
Fixed assets	£38.3k	£52.3k	£70.4k	£82.1k
Current assets	£4.2m	£4m	£4.4m	£3.9m
Debtors	£1.3m	£1.1m	£1.6m	£984k
Cash from operations	−£63.2k	−£1.6m	−£292k	−£1.1m
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 3.1%; Profit ÷ revenue.
Gross margin: 15.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £259k; Revenue ÷ average employees.
Profit per employee: £7.9k; Profit ÷ average employees.
Cash conversion: −179.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.2%; 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: ▼21%; Now £2.3m
Cash at bank: ▼22%; Now £598k
Headcount: 0%; Now 61
Deferred income: —; Now —
Fixed assets: ▲17%; Now £82.1k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £484k), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.

Updated from Companies House on 23 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.