Skelton-Thomas Engineering Limited
Registered name: SKELTON-THOMAS ENGINEERING LIMITED
Part of E G Lewis Group Industrial Services Ltd groupSkelton-Thomas Engineering Limited made £13.4m revenue and £349k profit in the year to 31 Jan 2025.
Skelton-Thomas Engineering Limited’s revenue fell 41% to £13.4m in the year to 31 Jan 2025, with £349k profit and 52 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Neath; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Neath, Wales
- Age
- 37 yrs · since 1989
- 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 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 | 31 Jan 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £13.8m | £16.5m | £22.5m | £13.4m |
| Cost of sales | £12.6m | £15.1m | £20.5m | £12.1m |
| Gross profit | £1.2m | £1.4m | £2m | £1.3m |
| Operating profit | £333k | £454k | £1.1m | £476k |
| Profit before tax | £332k | £454k | £1.1m | £491k |
| Profit after tax | £326k | £357k | £838k | £349k |
| Profit (best available) | £326k | £357k | £838k | £349k |
| Staff costs | £3.4m | £3.6m | £3.1m | £3.2m |
| Employees (average) | 80 | 74 | 58 | 52 |
| Ratios | ||||
| Profit margin | 2.4% | 2.2% | 3.7% | 2.6% |
| Gross margin | 8.4% | 8.5% | 9.1% | 9.3% |
| Revenue per employee | £172k | £223k | £388k | £258k |
| Profit per employee | £4.1k | £4.8k | £14.5k | £6.7k |
| Cash conversion | −16.9% | −79.2% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲19.9% | ▲36.5% | ▼40.5% |
| Profit growth | — | ▲9.5% | ▲135% | ▼58.4% |
| Headcount growth | — | ▼7.5% | ▼21.6% | ▼10.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £282k | £257k | £278k | £269k |
| Net assets | £1.5m | £1.5m | £1.7m | £1.6m |
| Fixed assets | £7.3k | £4.6k | £206k | £544k |
| Current assets | £7.4m | £11.6m | £17.4m | £12.9m |
| Debtors | £2.9m | £4.9m | £7.7m | £1.5m |
| Deferred income | £4.2m | £7.8m | £13.2m | £10.7m |
| Cash from operations | −£56.3k | −£359k | — | — |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 2.6%
- Profit ÷ revenue.
- Gross margin
- 9.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £258k
- Revenue ÷ average employees.
- Profit per employee
- £6.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 79.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.1%
- 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
- ▼3%
- Now £1.6m
- Cash at bank
- ▼3%
- Now £269k
- Headcount
- ▼10%
- Now 52
- Deferred income
- ▼19%
- Now £10.7m
- Fixed assets
- ▲164%
- Now £544k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- E G Lewis Group Industrial Services Ltdultimate parent75–100%
- E. G. Lewis Holdings Limited75–100%
- Skelton-Thomas Engineering Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- E.g. Lewis & Company LimitedRev. £7.2m · Profit £194k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £349k), from the Companies House accounts bulk data published Oct 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.