How much does Panel Systems Limited make?

Panel Systems Limited reported revenue of £10m and £72.9k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Panel Systems Limited have?

Panel Systems Limited reported an average of 61 employees in the year to 31 Dec 2025.

Is Panel Systems Limited profitable?

Yes — Panel Systems Limited reported a profit of £72.9k in the year to 31 Dec 2025.

Company No. 01179701 · Incorporated 5 Aug 1974

Panel Systems Limited

Registered name: PANEL SYSTEMS LIMITED

Part of Panel Systems (Holdings) Limited group

Panel Systems Limited made £10m revenue and £72.9k profit in the year to 31 Dec 2025. read from filing text

Panel Systems Limited’s revenue fell 11% to £10m in the year to 31 Dec 2025, with £72.9k profit and 61 employees. The company is classified under “other manufacturing” and is based in Rutland Road; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32990Other manufacturing n.e.c.

Status: Active
Location: Rutland Road, Yorkshire and The Humber
Age: 52 yrs · since 1974
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. From the filing: “The immediate and ultimate parent company is Panel Systems (Holdings) Limited, which is a company registered in England and Wales. Panel Systems (Holdings) Limited is the parent company of the smalles”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£10m

Growth ▼11.5%

Profit

£72.9k

Growth ▼75.3%

Profit margin

0.7%

Gross 11.5%

Employees

Change ▼3.2%

Profit / employee

£1.2k

Revenue/employee £165k

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	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£11.7m	£11.3m	£10m
Cost of sales	£10m	£9.8m	£8.9m
Gross profit	£1.7m	£1.5m	£1.2m
Operating profit	£495k	£200k	−£88.9k
Profit before tax	£668k	£393k	£100k
Profit after tax	£507k	£295k	£72.9k
Profit (best available)	£507k	£295k	£72.9k
Staff costs	£2.2m	£2.3m	£2.3m
Employees (average)	66	63	61
Ratios
Profit margin	4.3%	2.6%	0.7%
Gross margin	14.4%	13.3%	11.5%
Revenue per employee	£178k	£180k	£165k
Profit per employee	£7.7k	£4.7k	£1.2k
Growth (year on year)
Revenue growth	—	▼3.3%	▼11.5%
Profit growth	—	▼41.8%	▼75.3%
Headcount growth	—	▼4.5%	▼3.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.4m	£4.3m	£4.2m
Net assets	£5.7m	£5.8m	£5.7m
Fixed assets	£252k	£248k	£154k
Current assets	£6.9m	£7.2m	£7m
Debtors	£1.3m	£1.5m	£1.3m
Deferred income	£132k	£49.7k	£66.8k
Source	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 0.7%; Profit ÷ revenue.
Gross margin: 11.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £165k; Revenue ÷ average employees.
Profit per employee: £1.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.5%; 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: 13.1%; 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 £5.7m
Cash at bank: ▼2%; Now £4.2m
Headcount: ▼3%; Now 61
Deferred income: ▲34%; Now £66.8k
Fixed assets: ▼38%; Now £154k

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

Panel Systems (Holdings) Limitedultimate parent75–100%
Panel Systems 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 Dec 2025 (profit £72.9k), from the Companies House accounts bulk data published Apr 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.