Thermac (Hire) Limited
Registered name: THERMAC (HIRE) LIMITED
Part of Lexia Solutions Trustees Limited groupThermac (Hire) Limited made £5.6m revenue and £135k profit in the year to 31 Dec 2024. read from filing text
Thermac (Hire) Limited’s revenue fell 3% to £5.6m in the year to 31 Dec 2024, with £135k profit and 27 employees. The company is classified under “manufacture of other special-purpose machinery” and is based in Leeds; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Leeds, Yorkshire and The Humber
- 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 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £5.8m | £5.6m |
| Cost of sales | £4.3m | £4.1m |
| Gross profit | £1.5m | £1.6m |
| Operating profit | £42k | £183k |
| Profit before tax | £41k | £183k |
| Profit after tax | £35k | £135k |
| Profit (best available) | £35k | £135k |
| Employees (average) | 31 | 27 |
| Ratios | ||
| Profit margin | 0.6% | 2.4% |
| Gross margin | 25.9% | 27.6% |
| Revenue per employee | £187k | £208k |
| Profit per employee | £1.1k | £5k |
| Growth (year on year) | ||
| Revenue growth | — | ▼3.2% |
| Profit growth | — | ▲285.7% |
| Headcount growth | — | ▼12.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £347k | £419k |
| Net assets | £1.6m | £1.7m |
| Fixed assets | £382k | £418k |
| Current assets | £2.1m | £2.5m |
| Debtors | £634k | £560k |
| Source | FullAccounts · bulk data May 2025 | FullAccounts · bulk data May 2025 |
How the business works
- Profit margin
- 2.4%
- Profit ÷ revenue.
- Gross margin
- 27.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £208k
- Revenue ÷ average employees.
- Profit per employee
- £5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10%
- 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
- ▲9%
- Now £1.7m
- Cash at bank
- ▲21%
- Now £419k
- Headcount
- ▼13%
- Now 27
- Deferred income
- —
- Now —
- Fixed assets
- ▲9%
- Now £418k
Group structure
Ownership chain
- Lexia Solutions Trustees Limitedultimate parent50–75%
- Lexia Solutions Group Limited75–100%
- Thermac (Hire) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Rhodar LimitedRev. £30k · Profit −£249k
- Rhodar Demolition LimitedRev. £0 · Profit −£3k
- Rhodar Group LimitedFigures not disclosed
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- The Fire Beam Company LimitedBournemouth · Manufacture of other special-purpose machinery n.e.c.
- Revenue
- £6m
- Profit
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- Staff
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- Swift-Cut Automation LimitedBurton-on-Trent · Manufacture of other special-purpose machinery n.e.c.
- Revenue
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- Profit
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- Derek Parnaby Cyclones International LimitedNR. Ferryhill · Manufacture of other special-purpose machinery n.e.c.
- Revenue
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- Profit
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- Staff
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- Brinksway Tool LimitedStalybridge · Manufacture of other special-purpose machinery n.e.c.
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- Profit
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- Greens Combustion LimitedPoole · Manufacture of other special-purpose machinery n.e.c.
- Revenue
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- Profit
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- Crest Engineering Company LimitedStalybridge · Manufacture of other special-purpose machinery n.e.c.
- Revenue
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £135k), 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.