Industrial Physics Product Integrity Limited
Registered name: INDUSTRIAL PHYSICS PRODUCT INTEGRITY LIMITED
Part of Kkr & Co Inc groupIndustrial Physics Product Integrity Limited made £9.1m revenue and a £1.6m loss in the year to 31 Dec 2024.
Industrial Physics Product Integrity Limited’s revenue grew 21% to £9.1m in the year to 31 Dec 2024, with a loss of £1.6m and 54 employees. The company is classified under “other professional, scientific and technical activities” and is based in Telford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Telford, 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) | £7.3m | £7.5m | £9.1m |
| Cost of sales | £4.1m | £4.6m | £6m |
| Gross profit | £3.1m | £2.9m | £3.1m |
| Operating profit | £628k | £216k | £200k |
| Profit before tax | £741k | £250k | −£1.6m |
| Profit after tax | £660k | £173k | −£1.6m |
| Profit (best available) | £660k | £173k | −£1.6m |
| Staff costs | £2.5m | £3.1m | £3.3m |
| Employees (average) | 39 | 42 | 54 |
| Ratios | |||
| Profit margin | 9.1% | 2.3% | −17.7% |
| Gross margin | 43.2% | 39% | 34.2% |
| Revenue per employee | £187k | £179k | £168k |
| Profit per employee | £16.9k | £4.1k | −£29.8k |
| Growth (year on year) | |||
| Revenue growth | — | ▲3.3% | ▲20.6% |
| Profit growth | — | ▼73.8% | ▼1032% |
| Headcount growth | — | ▲7.7% | ▲28.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £233k | £261k | £159k |
| Net assets | £5.4m | £5.6m | £26.5m |
| Fixed assets | £741k | £711k | £35.1m |
| Current assets | £5.8m | £6.9m | £11.5m |
| Debtors | £4.4m | £4.9m | £9.7m |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −17.7%
- Profit ÷ revenue.
- Gross margin
- 34.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £168k
- Revenue ÷ average employees.
- Profit per employee
- −£29.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 386.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 106.3%
- 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
- ▲377%
- Now £26.5m
- Cash at bank
- ▼39%
- Now £159k
- Headcount
- ▲29%
- Now 54
- Deferred income
- —
- Now —
- Fixed assets
- ▲4829%
- Now £35.1m
Group structure
Ownership chain
- Kkr & Co Inc (registered outside the UK register)ultimate parent75–100%
- Industrial Physics Product Integrity Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Torus Technology Group 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 Dec 2024 (profit −£1.6m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 16 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.