How much does European Tubes Limited make?

European Tubes Limited reported revenue of £12.6m and £1.3m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does European Tubes Limited have?

European Tubes Limited reported an average of 31 employees in the year to 31 Dec 2025.

Is European Tubes Limited profitable?

Yes — European Tubes Limited reported a profit of £1.3m in the year to 31 Dec 2025.

Company No. 02276395 · Incorporated 12 Jul 1988

European Tubes Limited

Registered name: EUROPEAN TUBES LIMITED

Part of European Tubes Group Limited group

European Tubes Limited made £12.6m revenue and £1.3m profit in the year to 31 Dec 2025. read from filing text

European Tubes Limited’s revenue fell 6% to £12.6m in the year to 31 Dec 2025, with £1.3m profit and 31 employees. The company is classified under “wholesale of metals and metal ores” and is based in Wigan; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46720Wholesale of metals and metal ores

Status: Active
Location: Wigan, North 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: “The company was under the control of European Tubes Group Limited during the current and previous year. The registered office of European Tubes Group Limited is Unit 9, Pagefield Industrial Estate, Mi”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£12.6m

Growth ▼5.5%

Profit

£1.3m

Growth ▲18.3%

Profit margin

10.2%

Gross 25.8%

Employees

Change ▼8.8%

Profit / employee

£41.4k

Revenue/employee £405k

Profitable streak

4yrs

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&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£14.4m	£15.5m	£13.3m	£12.6m
Cost of sales	£9.8m	£11.8m	£9.9m	£9.3m
Gross profit	£4.6m	£3.7m	£3.4m	£3.2m
Operating profit	£3m	£1.9m	£1.4m	£1.7m
Profit before tax	£3m	£1.9m	£1.4m	£1.7m
Profit after tax	£2.5m	£1.5m	£1.1m	£1.3m
Profit (best available)	£2.5m	£1.5m	£1.1m	£1.3m
Staff costs	—	—	£2.2m	£1.8m
Employees (average)	27	31	34	31
Ratios
Profit margin	17.1%	9.6%	8.2%	10.2%
Gross margin	31.8%	23.7%	25.9%	25.8%
Revenue per employee	£531k	£500k	£391k	£405k
Profit per employee	£91.1k	£48k	£31.9k	£41.4k
Cash conversion	−65.8%	−102.4%	−135.5%	−46.9%
Growth (year on year)
Revenue growth	—	▲7.9%	▼14.2%	▼5.5%
Profit growth	—	▼39.4%	▼27.1%	▲18.3%
Headcount growth	—	▲14.8%	▲9.7%	▼8.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£484k	£337k	£311k	£54.1k
Net assets	£1.3m	£1.6m	£1.8m	£1.9m
Fixed assets	—	£0	£122k	£109k
Current assets	£8.2m	£7.5m	£7.5m	£7.3m
Debtors	£3.4m	£3m	£2.7m	£2.5m
Deferred income	—	—	£522k	£132k
Cash from operations	−£2m	−£2m	−£1.9m	−£809k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 10.2%; Profit ÷ revenue.
Gross margin: 25.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £405k; Revenue ÷ average employees.
Profit per employee: £41.4k; Profit ÷ average employees.
Cash conversion: −46.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.1%; 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: ▲10%; Now £1.9m
Cash at bank: ▼83%; Now £54.1k
Headcount: ▼9%; Now 31
Deferred income: ▼75%; Now £132k
Fixed assets: ▼10%; Now £109k

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

Corporate ownership

Group structure

Ownership chain

European Tubes Group Limitedultimate parent75–100%
European Tubes Limitedthis company

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

Sister companies (1)

Tube Solutions 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 £1.3m), 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.