Barnes Marine Units Limited
Registered name: BARNES MARINE UNITS LIMITED
Barnes Marine Units Limited made £5.6m revenue and £688k profit in the year to 28 Feb 2026.
Barnes Marine Units Limited’s revenue fell 2% to £5.6m in the year to 28 Feb 2026, with £688k profit and 48 employees. The company is classified under “building of ships and floating structures” and is based in Norwich; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Norwich, East of England
- Age
- 49 yrs · since 1977
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2023 | 29 Feb 2024 | 28 Feb 2025 | 28 Feb 2026 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £7.1m | £5.5m | £5.7m | £5.6m |
| Cost of sales | £4.6m | £3.5m | £3.9m | £3.6m |
| Gross profit | £2.5m | £2m | £1.8m | £2m |
| Operating profit | £1.3m | £1m | £701k | £859k |
| Profit before tax | £1.3m | £1.1m | £820k | £974k |
| Profit after tax | £1.1m | £636k | £542k | £688k |
| Profit (best available) | £1.1m | £636k | £542k | £688k |
| Staff costs | £1.2m | £1.2m | £1.2m | £1.3m |
| Employees (average) | 59 | 49 | 51 | 48 |
| Ratios | ||||
| Profit margin | 16% | 11.6% | 9.5% | 12.3% |
| Gross margin | 35.3% | 35.6% | 31.3% | 36.2% |
| Revenue per employee | £120k | £112k | £112k | £117k |
| Profit per employee | £19.2k | £13k | £10.6k | £14.3k |
| Cash conversion | 101.5% | 75.3% | 146.1% | 95.4% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼22.4% | ▲3.8% | ▼1.9% |
| Profit growth | — | ▼43.9% | ▼14.8% | ▲27.1% |
| Headcount growth | — | ▼17% | ▲4.1% | ▼5.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.4m | £3.9m | £3.9m | £3.6m |
| Net assets | £9m | £9.5m | £9.8m | £10.2m |
| Fixed assets | £7.4m | £7.3m | £7.8m | £8.7m |
| Current assets | £4.2m | £4.9m | £4.9m | £4.7m |
| Debtors | −£187 | £15.7k | £20.3k | £97.9k |
| Deferred income | £162k | £105k | £119k | £112k |
| Cash from operations | £1.4m | £756k | £1m | £819k |
| Source | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Oct 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 12.3%
- Profit ÷ revenue.
- Gross margin
- 36.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £117k
- Revenue ÷ average employees.
- Profit per employee
- £14.3k
- Profit ÷ average employees.
- Cash conversion
- 95.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 154.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.8%
- Money owed by customers. Low = customers pay quickly.
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 £10.2m
- Cash at bank
- ▼9%
- Now £3.6m
- Headcount
- ▼6%
- Now 48
- Deferred income
- ▼5%
- Now £112k
- Fixed assets
- ▲11%
- Now £8.7m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- Brinkcraft LimitedFigures not disclosed
- Riverside Marina LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Holyhead Marine Services LimitedAnglesey · Building of ships and floating structures
- Revenue
- £7.7m
- Profit
- £584k
- Staff
- 63
- UK Docks Marine Services Teesside LimitedSouth Shields · Building of ships and floating structures
- Revenue
- £13.6m
- Profit
- £2.1m
- Staff
- 37
- Parkol Marine Engineering LtdWhitby · Building of ships and floating structures
- Revenue
- £13.7m
- Profit
- £737k
- Staff
- 55
Sources
Latest figures from FullAccounts for the year to 28 Feb 2026 (profit £688k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 13 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.