Secure Innovation Limited
Registered name: SECURE INNOVATION LIMITED
Secure Innovation Limited made £13.7m revenue and £179k profit in the year to 30 Apr 2024.
Secure Innovation Limited’s revenue grew 2% to £13.7m in the year to 30 Apr 2024, with £179k profit and 127 employees. The company is classified under “manufacture of electronic components” and is based in Saltash; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Saltash, South West
- 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 | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £13.2m | £13.5m | £13.7m |
| Cost of sales | £6.1m | £5.9m | £5.8m |
| Gross profit | £7.1m | £7.7m | £8m |
| Operating profit | £414k | £593k | £470k |
| Profit before tax | £204k | £352k | £214k |
| Profit after tax | £319k | £414k | £179k |
| Profit (best available) | £319k | £414k | £179k |
| Staff costs | £5m | £5m | £5.4m |
| Employees (average) | 128 | 122 | 127 |
| Ratios | |||
| Profit margin | 2.4% | 3% | 1.3% |
| Gross margin | 53.9% | 56.7% | 58.2% |
| Revenue per employee | £103k | £111k | £108k |
| Profit per employee | £2.5k | £3.4k | £1.4k |
| Growth (year on year) | |||
| Revenue growth | — | ▲2.8% | ▲1.5% |
| Profit growth | — | ▲29.8% | ▼56.8% |
| Headcount growth | — | ▼4.7% | ▲4.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £745k | £1.3m | £456k |
| Net assets | £8.4m | £8.8m | £9m |
| Fixed assets | £1.2m | £1.3m | £1.9m |
| Current assets | £14m | £15.6m | £14.7m |
| Debtors | £2.1m | £2.8m | £2.8m |
| Deferred income | — | £623k | £1m |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2025 |
How the business works
- Profit margin
- 1.3%
- Profit ÷ revenue.
- Gross margin
- 58.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £108k
- Revenue ÷ average employees.
- Profit per employee
- £1.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 13.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 7.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 20.2%
- 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
- ▲2%
- Now £9m
- Cash at bank
- ▼64%
- Now £456k
- Headcount
- ▲4%
- Now 127
- Deferred income
- ▲67%
- Now £1m
- Fixed assets
- ▲45%
- Now £1.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
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- Profit
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- Staff
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- TT Electronics Power Solutions (UK) LimitedRochdale · Manufacture of electronic components
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- Garner Osborne Circuits LimitedNewbury · Manufacture of electronic components
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- J.S.T. (U.K.) LimitedSuffolk · Manufacture of electronic components
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- Gill Instruments LimitedExeter · Manufacture of electronic components
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- Revenue
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 30 Apr 2024 (profit £179k), 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.