Ves Andover Ltd
Registered name: VES ANDOVER LTD
Part of Ventilating Equipment Supply Holdings Ltd groupVes Andover Ltd made £27.1m revenue and £1.6m profit in the year to 31 Mar 2026.
Ves Andover Ltd’s revenue grew 8% to £27.1m in the year to 31 Mar 2026, with £1.6m profit and 212 employees. The company is classified under “manufacture of non-domestic cooling and ventilation equipment” and is based in Chandlers Ford Eastleigh; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Chandlers Ford Eastleigh, South East
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £21.4m | £24.8m | £25m | £27.1m |
| Cost of sales | £14.5m | £14.8m | £15.2m | £15.6m |
| Gross profit | £6.9m | £10.1m | £9.8m | £11.5m |
| Operating profit | −£108k | £2m | £1.4m | £2.4m |
| Profit before tax | −£190k | £1.9m | £1.3m | £2.2m |
| Profit after tax | −£95.1k | £1.8m | £991k | £1.6m |
| Profit (best available) | −£95.1k | £1.8m | £991k | £1.6m |
| Staff costs | £7.7m | £8.7m | £9.2m | £9.7m |
| Employees (average) | 192 | 211 | 217 | 212 |
| Ratios | ||||
| Profit margin | −0.4% | 7.2% | 4% | 5.9% |
| Gross margin | 32.2% | 40.5% | 39.1% | 42.4% |
| Revenue per employee | £111k | £118k | £115k | £128k |
| Profit per employee | −£495 | £8.5k | £4.6k | £7.5k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲16.4% | ▲0.8% | ▲8.3% |
| Profit growth | — | — | ▼44.8% | ▲61.1% |
| Headcount growth | — | ▲9.9% | ▲2.8% | ▼2.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £151k | £753k | £584k | £925k |
| Net assets | −£869k | £926k | £1.9m | £3.3m |
| Fixed assets | £371k | £447k | £3.3m | £4.4m |
| Current assets | £6.3m | £7.3m | £7.5m | £8.8m |
| Debtors | £4m | £5.2m | £5.5m | £6.6m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 5.9%
- Profit ÷ revenue.
- Gross margin
- 42.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £128k
- Revenue ÷ average employees.
- Profit per employee
- £7.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 16.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 24.5%
- 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
- ▲75%
- Now £3.3m
- Cash at bank
- ▲58%
- Now £925k
- Headcount
- ▼2%
- Now 212
- Deferred income
- —
- Now —
- Fixed assets
- ▲33%
- Now £4.4m
Group structure
Ownership chain
- Ventilating Equipment Supply Holdings Ltdultimate parent75–100%
- Ves Andover Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Airdoor Systems LimitedFigures not disclosed
- Ves LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Mansfield, Pollard & Co. LimitedBradford · Manufacture of non-domestic cooling and ventilation equipment
- Revenue
- £27.9m
- Profit
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- Staff
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- Gilberts (Blackpool) LimitedLancashire · Manufacture of non-domestic cooling and ventilation equipment
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- Coolers & Condensers LimitedFareham · Manufacture of non-domestic cooling and ventilation equipment
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- £23.2m
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- Carver International LimitedWalsall · Manufacture of non-domestic cooling and ventilation equipment
- Revenue
- £21.7m
- Profit
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- Clade Engineering Systems LtdBristol · Manufacture of non-domestic cooling and ventilation equipment
- Revenue
- £39.2m
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- Clade Engineering Systems Group LtdBristol · Manufacture of non-domestic cooling and ventilation equipment
- Revenue
- £39.2m
- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £1.6m), from the Companies House accounts bulk data published Jun 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.