Summit Systems Limited
Registered name: SUMMIT SYSTEMS LIMITED
Summit Systems Limited made £17m revenue and £678k profit in the year to 31 Jul 2024.
Summit Systems Limited’s revenue fell 6% to £17m in the year to 31 Jul 2024, with £678k profit and 74 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Tamworth; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Tamworth, West Midlands
- Age
- 36 yrs · since 1990
- 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 Jul 2022 | 31 Jul 2023 | 31 Jul 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £13.6m | £18.1m | £17m |
| Cost of sales | £10.8m | £13.4m | £12.5m |
| Gross profit | £2.8m | £4.7m | £4.4m |
| Operating profit | £426k | £1.3m | £852k |
| Profit before tax | £417k | £1.3m | £843k |
| Profit after tax | £471k | £994k | £678k |
| Profit (best available) | £471k | £994k | £678k |
| Employees (average) | 65 | 67 | 74 |
| Ratios | |||
| Profit margin | 3.5% | 5.5% | 4% |
| Gross margin | 20.9% | 25.9% | 26% |
| Revenue per employee | £209k | £270k | £229k |
| Profit per employee | £7.3k | £14.8k | £9.2k |
| Cash conversion | — | −56.6% | −177% |
| Growth (year on year) | |||
| Revenue growth | — | ▲33% | ▼6.2% |
| Profit growth | — | ▲110.8% | ▼31.8% |
| Headcount growth | — | ▲3.1% | ▲10.4% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1m | £1m | £1.7m |
| Net assets | £2.8m | £3.2m | £3.6m |
| Fixed assets | £462k | £365k | £397k |
| Current assets | £7.4m | £7.7m | £8.2m |
| Debtors | £4.1m | £3.5m | £3.3m |
| Cash from operations | — | −£746k | −£1.5m |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Jan 2025 |
How the business works
- Profit margin
- 4%
- Profit ÷ revenue.
- Gross margin
- 26%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £229k
- Revenue ÷ average employees.
- Profit per employee
- £9.2k
- Profit ÷ average employees.
- Cash conversion
- −177%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.6%
- 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
- ▲11%
- Now £3.6m
- Cash at bank
- ▲61%
- Now £1.7m
- Headcount
- ▲10%
- Now 74
- Deferred income
- —
- Now —
- Fixed assets
- ▲9%
- Now £397k
Group structure
Subsidiaries (1)
- Total Process Cooling LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Jul 2024 (profit £678k), from the Companies House accounts bulk data published Jan 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.