How much does Szerelmey Limited make?

Szerelmey Limited reported revenue of £8.5m and a loss of £2.7m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Szerelmey Limited have?

Szerelmey Limited reported an average of 59 employees in the year to 31 Dec 2025.

Is Szerelmey Limited profitable?

No — Szerelmey Limited reported a loss of £2.7m in the year to 31 Dec 2025.

Company No. 01948091 · Incorporated 18 Sep 1985

Szerelmey Limited

Registered name: SZERELMEY LIMITED

Part of Tellisford Limited group

Szerelmey Limited made £8.5m revenue and a £2.7m loss in the year to 31 Dec 2025.

Szerelmey Limited’s revenue fell 44% to £8.5m in the year to 31 Dec 2025, with a loss of £2.7m and 59 employees. The company is classified under “construction of commercial buildings” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41201Construction of commercial buildings SIC 41202Construction of domestic buildings SIC 43290Other construction installation

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.

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£8.5m

Growth ▼44%

Profit

−£2.7m

Growth ▼1132%

Profit margin

−31.9%

Gross −11.2%

Employees

Change ▲13.5%

Profit / employee

−£46.2k

Revenue/employee £145k

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)	£12.5m	£12.2m	£15.3m	£8.5m
Cost of sales	£11.4m	£9.7m	£13.1m	£9.5m
Gross profit	£1.1m	£2.5m	£2.1m	−£955k
Operating profit	−£927k	£443k	£156k	−£2.8m
Profit before tax	−£732k	£606k	£264k	−£2.7m
Profit after tax	−£732k	£606k	£264k	−£2.7m
Profit (best available)	−£732k	£606k	£264k	−£2.7m
Staff costs	£4.1m	£4.6m	£4.5m	£4.7m
Employees (average)	63	57	52	59
Ratios
Profit margin	−5.8%	5%	1.7%	−31.9%
Gross margin	8.9%	20.3%	14%	−11.2%
Revenue per employee	£199k	£215k	£293k	£145k
Profit per employee	−£11.6k	£10.6k	£5.1k	−£46.2k
Cash conversion	—	78.9%	−262%	—
Growth (year on year)
Revenue growth	—	▼2.3%	▲24.7%	▼44%
Profit growth	—	—	▼56.5%	▼1132%
Headcount growth	—	▼9.5%	▼8.8%	▲13.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£3m	£2.8m	£2m	£1.7m
Net assets	£5.3m	£5.9m	£5.5m	£2.8m
Fixed assets	£24.2k	£43.4k	£345k	£332k
Current assets	£8.6m	£9.8m	£7m	£7.6m
Debtors	£1.2m	£2.1m	£787k	£1.5m
Cash from operations	−£424k	£349k	−£410k	£253k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −31.9%; Profit ÷ revenue.
Gross margin: −11.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £145k; Revenue ÷ average employees.
Profit per employee: −£46.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18%; 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: ▼49%; Now £2.8m
Cash at bank: ▼16%; Now £1.7m
Headcount: ▲13%; Now 59
Deferred income: —; Now —
Fixed assets: ▼4%; Now £332k

Corporate ownership

Group structure

Ownership chain

Tellisford Limited (registered outside the UK register)ultimate parent50–75%
Szerelmey (International) Limited75–100%
Szerelmey Limitedthis company

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

Sister companies (1)

Szerelmey (GB) 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 −£2.7m), 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.