How much does Lowestoft Offshore Services Limited make?

Lowestoft Offshore Services Limited reported revenue of £4.3m and £205k profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Lowestoft Offshore Services Limited have?

Lowestoft Offshore Services Limited reported an average of 30 employees in the year to 31 May 2025.

Is Lowestoft Offshore Services Limited profitable?

Yes — Lowestoft Offshore Services Limited reported a profit of £205k in the year to 31 May 2025.

Company No. 01644630 · Incorporated 18 Jun 1982

Lowestoft Offshore Services Limited

Registered name: LOWESTOFT OFFSHORE SERVICES LIMITED

Part of Gel Engineering Limited group

Lowestoft Offshore Services Limited made £4.3m revenue and £205k profit in the year to 31 May 2025.

Lowestoft Offshore Services Limited’s revenue grew 14% to £4.3m in the year to 31 May 2025, with £205k profit and 30 employees. The company is classified under “repair of electrical equipment” and is based in Lowestoft; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 33140Repair of electrical equipment

Status: Active
Location: Lowestoft, East of England
Age: 44 yrs · since 1982
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 May 2025

Key figures

Capital-lightBoring industry

Revenue

£4.3m

Growth ▲14.1%

Profit

£205k

Growth ▼37.6%

Profit margin

4.8%

Gross 37%

Employees

Change ▲42.9%

Profit / employee

£6.8k

Revenue/employee £142k

Profitable streak

4yrs

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 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£2.3m	£3.2m	£3.7m	£4.3m
Cost of sales	£1.5m	£1.9m	£2.3m	£2.7m
Gross profit	£793k	£1.3m	£1.4m	£1.6m
Operating profit	—	—	£350k	£261k
Profit before tax	£86.4k	£396k	£349k	£253k
Profit after tax	£70k	£366k	£329k	£205k
Profit (best available)	£70k	£366k	£329k	£205k
Employees (average)	21	21	21	30
Ratios
Profit margin	3.1%	11.6%	8.8%	4.8%
Gross margin	35%	40%	37.4%	37%
Revenue per employee	£108k	£151k	£178k	£142k
Profit per employee	£3.3k	£17.5k	£15.7k	£6.8k
Growth (year on year)
Revenue growth	—	▲39.6%	▲17.7%	▲14.1%
Profit growth	—	▲423.4%	▼10.1%	▼37.6%
Headcount growth	—	0%	0%	▲42.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£349k	£504k	£770k	£256k
Net assets	£337k	£653k	£493k	£292k
Fixed assets	£83.6k	£163k	£140k	£364k
Current assets	£1.2m	£1.5m	£1.8m	£1.7m
Debtors	£634k	£636k	£666k	£1.1m
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 4.8%; Profit ÷ revenue.
Gross margin: 37%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £142k; Revenue ÷ average employees.
Profit per employee: £6.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 26.1%; 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: ▼41%; Now £292k
Cash at bank: ▼67%; Now £256k
Headcount: ▲43%; Now 30
Deferred income: —; Now —
Fixed assets: ▲160%; Now £364k

Corporate ownership

Group structure

Ownership chain

Gel Engineering Limitedultimate parent75–100%
Lowestoft Offshore Services Limitedthis company

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

Sister companies (1)

Hydrofast LimitedFigures not disclosed

Minority corporate shareholders

TWJ Hales Limited 25–50%

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2025 (profit £205k), from the Companies House accounts bulk data published May 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.