Black & Veatch (U.K.) Limited
Registered name: BLACK & VEATCH (U.K.) LIMITED
Black & Veatch (U.K.) Limited made £41.9m revenue and £1.7m profit in the year to 31 Dec 2025.
Black & Veatch (U.K.) Limited’s revenue grew 7% to £41.9m in the year to 31 Dec 2025, with £1.7m profit and 82 employees. The company is classified under “construction of other civil engineering projects” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 37 yrs · since 1989
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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) | £27.1m | £37.4m | £39m | £41.9m |
| Cost of sales | £21.7m | £31m | £24.5m | £30.1m |
| Gross profit | £5.4m | £6.4m | £14.5m | £11.9m |
| Operating profit | — | £1.3m | £2.1m | £2.7m |
| Profit before tax | £1.8m | £2.6m | £4.3m | £3.4m |
| Profit after tax | £1.8m | £2.8m | £4.2m | £1.7m |
| Profit (best available) | £1.8m | £2.8m | £4.2m | £1.7m |
| Staff costs | £4.8m | £8.1m | £9.2m | £9.1m |
| Employees (average) | 55 | 78 | 83 | 82 |
| Ratios | ||||
| Profit margin | 6.7% | 7.5% | 10.8% | 4% |
| Gross margin | 20.1% | 17% | 37.2% | 28.3% |
| Revenue per employee | £494k | £479k | £470k | £511k |
| Profit per employee | £33.2k | £35.9k | £50.9k | £20.3k |
| Cash conversion | — | 1287% | 275.5% | −510% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲37.8% | ▲4.3% | ▲7.5% |
| Profit growth | — | ▲53.3% | ▲51.1% | ▼60.6% |
| Headcount growth | — | ▲41.8% | ▲6.4% | ▼1.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £13.5m | £32.2m | £40.4m | £18.4m |
| Net assets | £12.4m | £15.1m | £18.8m | £11.3m |
| Fixed assets | £5.1m | £5.1m | £5.1m | £5.1m |
| Current assets | £29m | £46m | £56.8m | £27.9m |
| Debtors | £2.9m | £1.9m | £1.7m | £3.7m |
| Cash from operations | — | £17m | £5.7m | −£13.9m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 4%
- Profit ÷ revenue.
- Gross margin
- 28.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £511k
- Revenue ÷ average employees.
- Profit per employee
- £20.3k
- Profit ÷ average employees.
- Cash conversion
- −510%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 12.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.8%
- 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
- ▼40%
- Now £11.3m
- Cash at bank
- ▼54%
- Now £18.4m
- Headcount
- ▼1%
- Now 82
- Deferred income
- —
- Now —
- Fixed assets
- ▲1%
- Now £5.1m
Group structure
Subsidiaries (1)
- Black & Veatch International Ltd.Rev. £62.4k · Profit −£51.9k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.7m), from the Companies House accounts bulk data published Aug 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.