How much does Hill's Panel Products Limited make?

Hill's Panel Products Limited reported revenue of £33.2m and a loss of £95k in the year to 28 Feb 2025, according to its accounts filed at Companies House.

How many employees does Hill's Panel Products Limited have?

Hill's Panel Products Limited reported an average of 195 employees in the year to 28 Feb 2025.

Is Hill's Panel Products Limited profitable?

No — Hill's Panel Products Limited reported a loss of £95k in the year to 28 Feb 2025.

Company No. 02563787 · Incorporated 29 Nov 1990

Hill's Panel Products Limited

Registered name: HILL'S PANEL PRODUCTS LIMITED

Part of Scotfield Limited group

Hill's Panel Products Limited made £33.2m revenue and a £95k loss in the year to 28 Feb 2025. read from filing text

Hill's Panel Products Limited’s revenue fell 3% to £33.2m in the year to 28 Feb 2025, with a loss of £95k and 195 employees. The company is classified under “manufacture of kitchen furniture” and is based in Lancashire; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 31020Manufacture of kitchen furniture

Status: Active
Location: Lancashire, North West
Age: 35 yrs · since 1990
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. From the filing: “The company is a wholly-owned subsidiary of Redbeam Limited, a company registered in England and Wales.”

Latest accounts · year to 28 Feb 2025

Key figures

Revenue

£33.2m

Growth ▼3.4%

Profit

−£95k

Growth ▼108%

Profit margin

−0.3%

Gross 25.1%

Employees

195

Change ▲0.5%

Profit / employee

−£487

Revenue/employee £170k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Feb 2022	28 Feb 2023	28 Feb 2024	28 Feb 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£34.6m	£35.2m	£34.4m	£33.2m
Cost of sales	£24.4m	£25m	£25.5m	£24.9m
Gross profit	£10.2m	£10.2m	£8.9m	£8.3m
Operating profit	£4.1m	£3.1m	£1.7m	−£116k
Profit before tax	£4m	£3m	£1.7m	−£135k
Profit after tax	£3.3m	£2.6m	£1.2m	−£95k
Profit (best available)	£3.3m	£2.6m	£1.2m	−£95k
Staff costs	£6.2m	£6.2m	£6.8m	£7.9m
Employees (average)	199	194	194	195
Ratios
Profit margin	9.6%	7.4%	3.5%	−0.3%
Gross margin	29.5%	28.9%	25.8%	25.1%
Revenue per employee	£174k	£181k	£177k	£170k
Profit per employee	£16.7k	£13.4k	£6.1k	−£487
Growth (year on year)
Revenue growth	—	▲1.7%	▼2.2%	▼3.4%
Profit growth	—	▼21.8%	▼54.3%	▼108%
Headcount growth	—	▼2.5%	0%	▲0.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£377k	£320k	£282k	£93.7k
Net assets	£9.9m	£12.4m	£11.1m	£10.9m
Fixed assets	£4.6m	£5.3m	£4.8m	£4m
Current assets	£15.6m	£15.4m	£15.2m	£15m
Debtors	£4.3m	£3.9m	£3.8m	£3.5m
Deferred income	£586k	£351k	£492k	£300k
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: −0.3%; Profit ÷ revenue.
Gross margin: 25.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £170k; Revenue ÷ average employees.
Profit per employee: −£487; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 12.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.6%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼1%; Now £10.9m
Cash at bank: ▼67%; Now £93.7k
Headcount: ▲1%; Now 195
Deferred income: ▼39%; Now £300k
Fixed assets: ▼15%; Now £4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Scotfield Limitedultimate parent75–100%
Redbeam Limited75–100%
Hill's Panel Products Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (2)

Alexlake LimitedFigures not disclosed
Poolbase LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2025 (profit −£95k), from the Companies House accounts bulk data published Nov 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.