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Company No. 01444265 · Incorporated 16 Aug 1979

Addington (Formwork) Limited

Registered name: ADDINGTON (FORMWORK) LIMITED

Addington (Formwork) Limited made £14m revenue and £40.6k profit in the year to 31 Aug 2024.

Addington (Formwork) Limited’s revenue fell 32% to £14m in the year to 31 Aug 2024, with £40.6k profit and 18 employees. The company is classified under “other specialised construction activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.
Status
Active
Location
London, London
Age
47 yrs · since 1979
Type
Private Limited Company
Latest accounts · year to 31 Aug 2024

Key figures

IndependentCapital-lightBoring industryCash flow filed
Revenue
£14m
Growth ▼32.4%
Profit
£40.6k
Growth —
Profit margin
0.3%
Gross 13.9%
Employees
18
Change 0%
Profit / employee
£2.3k
Revenue/employee £779k
Profitable streak
1yr
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 to31 Aug 202231 Aug 202331 Aug 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£22.3m£20.7m£14m
Cost of sales£22.8m£20.2m£12.1m
Gross profit−£490k£507k£1.9m
Operating profit−£2.3m−£1.3m£37.7k
Profit before tax−£2.3m−£1.3m£40.6k
Profit after tax−£2.2m−£1.1m£40.6k
Profit (best available)−£2.2m−£1.1m£40.6k
Staff costs£1.4m£1.4m£1.5m
Employees (average)181818
Ratios
Profit margin−9.7%−5.5%0.3%
Gross margin−2.2%2.5%13.9%
Revenue per employee£1.2m£1.2m£779k
Profit per employee−£120k−£63k£2.3k
Cash conversion——840.1%
Growth (year on year)
Revenue growth—▼7.2%▼32.4%
Headcount growth—0%0%
Balance sheet — indirect signals, not revenue
Cash at bank£1.4m£1.2m£1.5m
Net assets£16.9m£15.8m£15.9m
Fixed assets£23k£17.8k£13.4k
Current assets£20.2m£17.4m£17.1m
Debtors£903k£989k£831k
Deferred income£657k£429k£346k
Cash from operations−£1.4m−£194k£316k
SourceAccounts · bulk data May 2024Accounts · bulk data May 2024FullAccounts · bulk data May 2025
Derived from the latest filing

How the business works

Profit margin
0.3%
Profit ÷ revenue.
Gross margin
13.9%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£779k
Revenue ÷ average employees.
Profit per employee
£2.3k
Profit ÷ average employees.
Cash conversion
840.1%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
2.5%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
5.9%
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
▲0%
Now £15.9m
Cash at bank
▲27%
Now £1.5m
Headcount
0%
Now 18
Deferred income
▼19%
Now £346k
Fixed assets
▼25%
Now £13.4k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2024 (profit £40.6k), from the Companies House accounts bulk data published May 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.