Oil & Gas Systems Limited
Registered name: OIL & GAS SYSTEMS LIMITED
Oil & Gas Systems Limited made £6.5m revenue and £254k profit in the year to 31 Dec 2024.
Oil & Gas Systems Limited’s revenue grew 33% to £6.5m in the year to 31 Dec 2024, with £254k profit and 32 employees. The company is classified under “manufacture of electronic measuring, testing etc. equipment, not for industrial process control” and is based in Ely; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Ely, East of England
- Age
- 39 yrs · since 1987
- Type
- Private Limited Company
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 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £6.7m | £4.9m | £6.5m |
| Cost of sales | £4.1m | £2.3m | £3.3m |
| Gross profit | £2.6m | £2.6m | £3.2m |
| Profit before tax | £286k | £101k | £254k |
| Profit after tax | £286k | £101k | £254k |
| Profit (best available) | £286k | £101k | £254k |
| Staff costs | £1.9m | £2m | £1.8m |
| Employees (average) | 44 | 43 | 32 |
| Ratios | |||
| Profit margin | 4.3% | 2.1% | 3.9% |
| Gross margin | 38.8% | 53.7% | 49.6% |
| Revenue per employee | £152k | £114k | £203k |
| Profit per employee | £6.5k | £2.4k | £7.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼26.7% | ▲32.6% |
| Profit growth | — | ▼64.7% | ▲151.4% |
| Headcount growth | — | ▼2.3% | ▼25.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.4m | £1.3m | £1.8m |
| Net assets | £6m | £6.1m | £6.3m |
| Fixed assets | £102k | £106k | £129k |
| Current assets | £15.3m | £13.5m | £12.5m |
| Debtors | £777k | £2.3m | £2.7m |
| Cash from operations | −£2m | £986k | −£1.4m |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 3.9%
- Profit ÷ revenue.
- Gross margin
- 49.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £203k
- Revenue ÷ average employees.
- Profit per employee
- £7.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 41.7%
- 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
- ▲4%
- Now £6.3m
- Cash at bank
- ▲34%
- Now £1.8m
- Headcount
- ▼26%
- Now 32
- Deferred income
- —
- Now —
- Fixed assets
- ▲22%
- Now £129k
Group structure
Subsidiaries (2)
- Oil & Gas Manufacturing LimitedFigures not disclosed
- Oil & Gas Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £254k), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 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.