How much does Cowan Recovery Limited make?

Cowan Recovery Limited reported revenue of £24.2m and a loss of £321k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Cowan Recovery Limited have?

Cowan Recovery Limited reported an average of 136 employees in the year to 31 Dec 2025.

Is Cowan Recovery Limited profitable?

No — Cowan Recovery Limited reported a loss of £321k in the year to 31 Dec 2025.

Company No. 01339144 · Incorporated 17 Nov 1977

Cowan Recovery Limited

Registered name: COWAN RECOVERY LIMITED

Part of Cowan Group Limited group

Cowan Recovery Limited made £24.2m revenue and a £321k loss in the year to 31 Dec 2025.

Cowan Recovery Limited’s revenue fell 2% to £24.2m in the year to 31 Dec 2025, with a loss of £321k and 136 employees. The company is classified under “other business support service activities” and is based in Bedfordshire; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Bedfordshire, East of England
Age: 48 yrs · since 1977
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 31 Dec 2025

Key figures

Cash flow filed

Revenue

£24.2m

Growth ▼1.6%

Profit

−£321k

Growth —

Profit margin

−1.3%

Gross 29.2%

Employees

136

Change ▼11.7%

Profit / employee

−£2.4k

Revenue/employee £178k

Profitable streak

0yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£20.4m	£24.5m	£24.6m	£24.2m
Cost of sales	£14.6m	£17.4m	£18m	£17.1m
Gross profit	£5.8m	£7.1m	£6.6m	£7.1m
Operating profit	£313k	£792k	−£102k	−£131k
Profit before tax	£180k	£635k	−£264k	−£299k
Profit after tax	−£97.3k	£419k	−£265k	−£321k
Profit (best available)	−£97.3k	£419k	−£265k	−£321k
Staff costs	£5.7m	£6.2m	£7m	£6.3m
Employees (average)	142	145	154	136
Ratios
Profit margin	−0.5%	1.7%	−1.1%	−1.3%
Gross margin	28.3%	28.9%	27%	29.2%
Revenue per employee	£144k	£169k	£160k	£178k
Profit per employee	−£685	£2.9k	−£1.7k	−£2.4k
Cash conversion	−275%	−195.9%	—	—
Growth (year on year)
Revenue growth	—	▲20.1%	▲0.5%	▼1.6%
Profit growth	—	—	▼163.3%	—
Headcount growth	—	▲2.1%	▲6.2%	▼11.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£160k	£276k	£442k	£578k
Net assets	£3.1m	£3.5m	£3.2m	£2.8m
Fixed assets	£6.2m	£6.6m	£6.4m	£6.2m
Current assets	£4.5m	£4.7m	£4.1m	£4.3m
Debtors	£3.7m	£3.8m	£3.3m	£3.4m
Deferred income	£347k	£343k	£257k	£208k
Cash from operations	−£862k	−£1.6m	−£1.3m	−£1.1m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −1.3%; Profit ÷ revenue.
Gross margin: 29.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £178k; Revenue ÷ average employees.
Profit per employee: −£2.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 25.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.1%; 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: ▼10%; Now £2.8m
Cash at bank: ▲31%; Now £578k
Headcount: ▼12%; Now 136
Deferred income: ▼19%; Now £208k
Fixed assets: ▼4%; Now £6.2m

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

Cowan Group Limitedultimate parent75–100%
Cowan Recovery Limitedthis company

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

Sister companies (2)

CMG Heavy Rescue LimitedFigures not disclosed
Cowan Motor Group LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£321k), from the Companies House accounts bulk data published Sep 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.