How much does Ulo Optics Limited make?

Ulo Optics Limited reported revenue of £4m and £160k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ulo Optics Limited have?

Ulo Optics Limited reported an average of 28 employees in the year to 31 Dec 2024.

Is Ulo Optics Limited profitable?

Yes — Ulo Optics Limited reported a profit of £160k in the year to 31 Dec 2024.

Company No. 01682587 · Incorporated 30 Nov 1982

Ulo Optics Limited

Registered name: ULO OPTICS LIMITED

Part of Ballawnan Limited group

Ulo Optics Limited made £4m revenue and £160k profit in the year to 31 Dec 2024.

Ulo Optics Limited’s revenue fell 19% to £4m in the year to 31 Dec 2024, with £160k profit and 28 employees. The company is classified under “manufacture of optical precision instruments” and is based in Stevenage; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26701Manufacture of optical precision instruments

Status: Active
Location: Stevenage, East of England
Age: 43 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 Dec 2024

Key figures

Cash flow filed

Revenue

£4m

Growth ▼18.6%

Profit

£160k

Growth ▼37.2%

Profit margin

Gross 45.9%

Employees

Change ▲21.7%

Profit / employee

£5.7k

Revenue/employee £141k

Profitable streak

3yrs

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 to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.8m	£4.9m	£4m
Cost of sales	£3.1m	£3m	£2.1m
Gross profit	£1.8m	£1.8m	£1.8m
Operating profit	£551k	£374k	£274k
Profit before tax	£501k	£342k	£173k
Profit after tax	£433k	£254k	£160k
Profit (best available)	£433k	£254k	£160k
Staff costs	£1.7m	£1.9m	£1.4m
Employees (average)	22	23	28
Ratios
Profit margin	8.9%	5.2%	4%
Gross margin	36.9%	37.4%	45.9%
Revenue per employee	£220k	£211k	£141k
Profit per employee	£19.7k	£11k	£5.7k
Cash conversion	−230.4%	−90.5%	−138.1%
Growth (year on year)
Revenue growth	—	▲0.2%	▼18.6%
Profit growth	—	▼41.3%	▼37.2%
Headcount growth	—	▲4.5%	▲21.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£279k	£170k	£139k
Net assets	£1.1m	£1.1m	£1.2m
Fixed assets	£293k	£367k	£416k
Current assets	£3.6m	£3.4m	£3.6m
Debtors	£1.2m	£927k	£963k
Deferred income	—	£0	£17.3k
Cash from operations	−£1.3m	−£339k	−£379k
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 4%; Profit ÷ revenue.
Gross margin: 45.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £141k; Revenue ÷ average employees.
Profit per employee: £5.7k; Profit ÷ average employees.
Cash conversion: −138.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 24.4%; 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: ▲9%; Now £1.2m
Cash at bank: ▼18%; Now £139k
Headcount: ▲22%; Now 28
Deferred income: —; Now £17.3k
Fixed assets: ▲13%; Now £416k

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

Ballawnan Limitedultimate parent75–100%
Ulo Optics Limitedthis company

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

Sister companies (1)

LBP Optics LimitedRev. £1.1m · Profit −£353k

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 2024 (profit £160k), from the Companies House accounts bulk data published Jun 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.