Tods Defence Limited
Registered name: TODS DEFENCE LIMITED
Part of Tods Holdings Limited groupTods Defence Limited made £18.1m revenue and £3.6m profit in the year to 31 Dec 2025.
Tods Defence Limited’s revenue grew 16% to £18.1m in the year to 31 Dec 2025, with £3.6m profit and 122 employees. The company is classified under “manufacture of other plastic products” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 41 yrs · since 1985
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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) | £13m | £11.7m | £15.5m | £18.1m |
| Cost of sales | £6.5m | £6.3m | £6.8m | −£7.8m |
| Gross profit | £6.5m | £5.4m | £8.7m | £10.3m |
| Operating profit | £3.1m | £1m | — | £4.9m |
| Profit before tax | £3.1m | £1.1m | £4.3m | £4.9m |
| Profit after tax | £2.5m | £949k | £3.2m | £3.6m |
| Profit (best available) | £2.5m | £949k | £3.2m | £3.6m |
| Staff costs | £4.2m | £4.4m | £5.1m | — |
| Employees (average) | 83 | 87 | 91 | 122 |
| Ratios | ||||
| Profit margin | 19.5% | 8.1% | 20.7% | 20.2% |
| Gross margin | 49.9% | 46.2% | 56% | 57% |
| Revenue per employee | £157k | £135k | £171k | £148k |
| Profit per employee | £30.6k | £10.9k | £35.4k | £29.9k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼9.9% | ▲32.7% | ▲16.5% |
| Profit growth | — | ▼62.6% | ▲239% | ▲13.4% |
| Headcount growth | — | ▲4.8% | ▲4.6% | ▲34.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £772k | £2.5m | £1.3m | — |
| Net assets | £9.8m | £10.8m | £14m | — |
| Fixed assets | £3.4m | £4m | £6m | — |
| Current assets | £9.6m | £10.7m | £13.5m | — |
| Debtors | £1.9m | £1.5m | £3.2m | — |
| Deferred income | £146k | £42k | £611k | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Apr 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 20.2%
- Profit ÷ revenue.
- Gross margin
- 57%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £148k
- Revenue ÷ average employees.
- Profit per employee
- £29.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲34%
- Now 122
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Tods Holdings Limitedultimate parent75–100%
- Tods Defence Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Tods Technology LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £3.6m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 24 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.