Industrial Tooling Corporation Limited
Registered name: INDUSTRIAL TOOLING CORPORATION LIMITED
Part of Harvey Performance UK Bidco Limited groupIndustrial Tooling Corporation Limited made £13.3m revenue and £574k profit in the year to 31 Dec 2024.
Industrial Tooling Corporation Limited’s revenue grew 11% to £13.3m in the year to 31 Dec 2024, with £574k profit and 59 employees. The company is classified under “manufacture of other machine tools” and is based in Tamworth; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Tamworth, West Midlands
- Age
- 35 yrs · since 1991
- 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 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £13.1m | £11.9m | £13.3m |
| Cost of sales | £6.6m | £6.4m | −£6.9m |
| Gross profit | £6.4m | £5.5m | £6.4m |
| Operating profit | £618k | £664k | £604k |
| Profit before tax | £575k | £626k | £574k |
| Profit after tax | £472k | £471k | £574k |
| Profit (best available) | £472k | £471k | £574k |
| Staff costs | £4.7m | £3.9m | — |
| Employees (average) | 63 | 62 | 59 |
| Ratios | |||
| Profit margin | 3.6% | 4% | 4.3% |
| Gross margin | 49.2% | 46.5% | 48.3% |
| Revenue per employee | £207k | £192k | £225k |
| Profit per employee | £7.5k | £7.6k | £9.7k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲11.2% |
| Profit growth | — | — | ▲21.8% |
| Headcount growth | — | — | ▼4.8% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £451k | £1.3m | — |
| Net assets | £6.1m | £6.6m | — |
| Fixed assets | £3.8m | £3.4m | — |
| Current assets | £5.3m | £6.4m | — |
| Debtors | £1.9m | £2.1m | — |
| Deferred income | £70.4k | £111k | — |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 4.3%
- Profit ÷ revenue.
- Gross margin
- 48.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £225k
- Revenue ÷ average employees.
- Profit per employee
- £9.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼5%
- Now 59
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Harvey Performance UK Bidco Limitedultimate parent75–100%
- Industrial Tooling Corporation Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Ata Grinding Processes LimitedFigures not disclosed
- Harvey Performance UK LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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- Profit
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- Profit
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- Profit
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Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £574k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 24 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.