How much does Heat Trace Limited make?

Heat Trace Limited reported revenue of £9.2m and a loss of £1.2m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Heat Trace Limited have?

Heat Trace Limited reported an average of 82 employees in the year to 31 Dec 2025.

Is Heat Trace Limited profitable?

No — Heat Trace Limited reported a loss of £1.2m in the year to 31 Dec 2025.

Company No. 01573447 · Incorporated 10 Jul 1981

Heat Trace Limited

Registered name: HEAT TRACE LIMITED

Part of Nibe Industrier Ab group

Heat Trace Limited made £9.2m revenue and a £1.2m loss in the year to 31 Dec 2025.

Heat Trace Limited’s revenue fell 8% to £9.2m in the year to 31 Dec 2025, with a loss of £1.2m and 82 employees. The company is classified under “manufacture of other electronic and electric wires and cables” and is based in Frodsham; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 27320Manufacture of other electronic and electric wires and cables

Status: Active
Location: Frodsham, North West
Age: 45 yrs · since 1981
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

Capital-light

Revenue

£9.2m

Growth ▼7.5%

Profit

−£1.2m

Growth —

Profit margin

−13.1%

Gross 40.4%

Employees

Change ▼7.9%

Profit / employee

−£14.6k

Revenue/employee £112k

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)	£8.7m	£10.1m	£9.9m	£9.2m
Cost of sales	£4.9m	£6m	£6.1m	£5.5m
Gross profit	£3.8m	£4.1m	£3.8m	£3.7m
Operating profit	£20k	−£184k	−£1.2m	−£1m
Profit before tax	−£15.9k	−£210k	−£1.2m	−£1.2m
Profit after tax	−£15.9k	−£210k	−£1.2m	−£1.2m
Profit (best available)	−£15.9k	−£210k	−£1.2m	−£1.2m
Staff costs	£2.8m	£3m	£3.5m	£3.4m
Employees (average)	70	84	89	82
Ratios
Profit margin	−0.2%	−2.1%	−12.6%	−13.1%
Gross margin	44.2%	40.8%	38.6%	40.4%
Revenue per employee	£124k	£121k	£111k	£112k
Profit per employee	−£228	−£2.5k	−£14k	−£14.6k
Growth (year on year)
Revenue growth	—	▲16.6%	▼2.4%	▼7.5%
Headcount growth	—	▲20%	▲5.9%	▼7.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£157k	£25.9k	£92.3k	£6.2k
Net assets	£4.2m	£4m	£2.8m	£1.6m
Fixed assets	£758k	£681k	£760k	£802k
Current assets	£5.7m	£7.1m	£6.4m	£6.5m
Debtors	£2.3m	£3.6m	£1.6m	£1.6m
Deferred income	£586k	£631k	£330k	£224k
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −13.1%; Profit ÷ revenue.
Gross margin: 40.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £112k; Revenue ÷ average employees.
Profit per employee: −£14.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 17.1%; 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: ▼43%; Now £1.6m
Cash at bank: ▼93%; Now £6.2k
Headcount: ▼8%; Now 82
Deferred income: ▼32%; Now £224k
Fixed assets: ▲6%; Now £802k

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

Nibe Industrier Ab (registered outside the UK register)ultimate parent75–100%
Heat Trace Holdings Limited75–100%
Heat Trace Limitedthis company

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

Sister companies (1)

Heat Safe Cable Systems LimitedFigures not disclosed

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 −£1.2m), 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.