How much does South West Metal Finishing Limited make?

South West Metal Finishing Limited reported revenue of £12.7m and £567k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does South West Metal Finishing Limited have?

South West Metal Finishing Limited reported an average of 171 employees in the year to 31 Mar 2025.

Is South West Metal Finishing Limited profitable?

Yes — South West Metal Finishing Limited reported a profit of £567k in the year to 31 Mar 2025.

Company No. 02246273 · Incorporated 20 Apr 1988

South West Metal Finishing Limited

Registered name: SOUTH WEST METAL FINISHING LIMITED

Part of E.i.c. Group Limited group

South West Metal Finishing Limited made £12.7m revenue and £567k profit in the year to 31 Mar 2025.

South West Metal Finishing Limited’s revenue grew 33% to £12.7m in the year to 31 Mar 2025, with £567k profit and 171 employees. The company is classified under “treatment and coating of metals” and is based in Exeter; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25610Treatment and coating of metals

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. From the filing: “E.I.C. (Exeter) Limited”

Latest accounts · year to 31 Mar 2025

Key figures

Operating leverage

Revenue

£12.7m

Growth ▲33.1%

Profit

£567k

Growth ▲582.9%

Profit margin

4.5%

Gross 45.3%

Employees

171

Change ▲7.5%

Profit / employee

£3.3k

Revenue/employee £74.4k

Profitable streak

2yrs

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£5.8m	£6.6m	£9.6m	£12.7m
Cost of sales	£3.7m	£4m	£5.4m	£7m
Gross profit	£2.1m	£2.6m	£4.2m	£5.8m
Operating profit	−£246k	−£376k	£263k	£731k
Profit before tax	−£286k	−£440k	£158k	£614k
Profit after tax	−£378k	−£414k	£83k	£567k
Profit (best available)	−£378k	−£414k	£83k	£567k
Staff costs	£3.8m	£4.2m	£5.3m	£6.3m
Employees (average)	140	139	159	171
Ratios
Profit margin	−6.6%	−6.3%	0.9%	4.5%
Gross margin	35.7%	39%	43.9%	45.3%
Revenue per employee	£41.1k	£47.7k	£60.1k	£74.4k
Profit per employee	−£2.7k	−£3k	£522	£3.3k
Growth (year on year)
Revenue growth	—	▲15.1%	▲44.2%	▲33.1%
Profit growth	—	—	—	▲582.9%
Headcount growth	—	▼0.7%	▲14.4%	▲7.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£223k	£126k	£427k	£237k
Net assets	£3.7m	£3.3m	£3.4m	£3.9m
Fixed assets	£2.6m	£2.8m	£3.6m	£3.8m
Current assets	£4m	£3.6m	£4.5m	£4.8m
Debtors	£1.4m	£1.3m	£1.5m	£2.1m
Deferred income	£99.9k	£102k	£755k	£690k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 4.5%; Profit ÷ revenue.
Gross margin: 45.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £74.4k; Revenue ÷ average employees.
Profit per employee: £3.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 29.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.8%; 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: ▲17%; Now £3.9m
Cash at bank: ▼45%; Now £237k
Headcount: ▲8%; Now 171
Deferred income: ▼9%; Now £690k
Fixed assets: ▲6%; Now £3.8m

Corporate ownership

Group structure

Ownership chain

E.i.c. Group Limitedultimate parent75–100%
E.i.c.(Exeter)limited75–100%
South West Metal Finishing Limitedthis company

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

Sister companies (2)

Revill Industrial Finishes LimitedFigures not disclosed
South West Metal Finishing Chippenham LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £567k), from the Companies House accounts bulk data published Dec 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.