How much does Gazco Limited make?

Gazco Limited reported revenue of £0 and £0 profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Gazco Limited have?

Gazco Limited reported an average of 4 employees in the year to 31 Dec 2025.

Is Gazco Limited profitable?

Gazco Limited reported break-even results (zero profit) in the year to 31 Dec 2025.

Company No. 02228426 · Incorporated 9 Mar 1988

Gazco Limited

Registered name: GAZCO LIMITED

Part of Nibe Industrier Ab group

Gazco Limited made £0 revenue and £0 profit in the year to 31 Dec 2025.

Gazco Limited’s revenue fell 100% to £0 in the year to 31 Dec 2025, with £0 profit and 4 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Exeter; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25990Manufacture of other fabricated metal products n.e.c.SIC 32990Other manufacturing n.e.c.

Status: Active
Location: Exeter, South West
Age: 38 yrs · since 1988
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

Small team

Revenue

£0

Growth ▼100%

Profit

£0

Growth ▼100%

Profit margin

—

Employees

Change ▼97%

Profit / employee

£0

Revenue/employee £0

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)	£31.6m	£26.3m	£21.5m	£0
Cost of sales	£22.3m	£20.3m	£16.2m	£0
Gross profit	£9.3m	£6.1m	£5.3m	£0
Operating profit	£3.9m	£574k	−£419k	£0
Profit before tax	£4m	£987k	£167k	£0
Profit after tax	£3.3m	£675k	£97.4k	£0
Profit (best available)	£3.3m	£675k	£97.4k	£0
Employees (average)	173	155	134	4
Ratios
Profit margin	10.6%	2.6%	0.4%	—
Gross margin	29.4%	23%	24.6%	—
Revenue per employee	£183k	£170k	£160k	£0
Profit per employee	£19.4k	£4.4k	£727	£0
Growth (year on year)
Revenue growth	—	▼16.7%	▼18.4%	▼100%
Profit growth	—	▼79.8%	▼85.6%	▼100%
Headcount growth	—	▼10.4%	▼13.6%	▼97%
Balance sheet — indirect signals, not revenue
Cash at bank	£9.4m	£9.6m	£0	—
Net assets	£20.5m	£19.1m	£17.7m	£1
Fixed assets	£1.8m	£2.1m	£0	—
Current assets	£22.3m	£20.4m	£17.7m	—
Debtors	£2.7m	£3m	£0	£1
Deferred income	£411k	£941k	£0	—
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data May 2026

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: £0; Revenue ÷ average employees.
Profit per employee: £0; 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: ▼100%; Now £1
Cash at bank: —; Now —
Headcount: ▼97%; Now 4
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Nibe Industrier Ab (registered outside the UK register)ultimate parent75–100%
Stovax Heating Group Limited75–100%
Stovax Gazco Ltd75–100%
Gazco Limitedthis company

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

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £0), from the Companies House accounts bulk data published May 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.