How many employees does Sip Limited have?

Sip Limited reported an average of 20 employees in the year to 31 Dec 2024.

Is Sip Limited profitable?

Yes — Sip Limited reported a profit of £525k in the year to 31 Dec 2024.

Company No. 02185735 · Incorporated 30 Oct 1987

Sip Limited

Registered name: SIP LIMITED

Sip Limited made £525k profit in the year to 31 Dec 2024 (revenue not disclosed).

Sip Limited reported £525k profit in the year to 31 Dec 2024, up 248% on the year before; its revenue was not disclosed. It had 20 employees. The company is classified under “other treatment of petroleum products (excluding petrochemicals manufacture)” and is based in London; we hold 4 years of its filed accounts.

Profit onlySection C · ManufacturingSIC 19209Other treatment of petroleum products (excluding petrochemicals manufacture)SIC 46711Wholesale of petroleum and petroleum products

Status: Active
Location: London, London
Age: 38 yrs · since 1987
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCash flow filed

Revenue

—

Not disclosed in filing

Profit

£525k

Growth ▲248.4%

Profit margin

—

Employees

Change ▼4.8%

Profit / employee

£26.2k

Profitable streak

2yrs

Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

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 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Profit only	Profit only	Profit only	Profit only
Profit & loss
Revenue (turnover)	—	—	—	—
Cost of sales	—	£38m	£29.2m	—
Profit before tax	−£56.6k	−£657k	£258k	£603k
Profit after tax	—	−£488k	£151k	£525k
Profit (best available)	−£56.6k	−£488k	£151k	£525k
Staff costs	£3m	£2.9m	£2.3m	£2.8m
Employees (average)	20	23	21	20
Ratios
Profit margin	—	—	—	—
Profit per employee	−£2.8k	−£21.2k	£7.2k	£26.2k
Growth (year on year)
Profit growth	—	—	—	▲248.4%
Headcount growth	—	▲15%	▼8.7%	▼4.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£2.1m	£1.5m	£106k
Net assets	£5.6m	£5.2m	£5.3m	£5.6m
Fixed assets	£89.9k	£103k	£87.9k	£66.7k
Current assets	£10.3m	£13.5m	£11.2m	£12.4m
Debtors	£4.5m	£5.3m	£4.2m	£6.5m
Deferred income	£1.5m	£1m	£857k	£699k
Cash from operations	—	—	—	£1.1m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: £26.2k; 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.

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: ▲6%; Now £5.6m
Cash at bank: ▼93%; Now £106k
Headcount: ▼5%; Now 20
Deferred income: ▼18%; Now £699k
Fixed assets: ▼24%; Now £66.7k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £525k), from the Companies House accounts bulk data published Sep 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.