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Company No. 02624818 · Incorporated 28 Jun 1991

Exheat Limited

Registered name: EXHEAT LIMITED

Part of Exheat Group Limited group

Exheat Limited made £16.8m revenue and £1.2m profit in the year to 30 Aug 2024.

Exheat Limited’s revenue grew 37% to £16.8m in the year to 30 Aug 2024, with £1.2m profit and 91 employees. The company is classified under “manufacture of other electrical equipment” and is based in Norwich; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 27900Manufacture of other electrical equipment
Status
Active
Location
Norwich, East of England
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.

Latest accounts · year to 30 Aug 2024

Key figures

Capital-lightOperating leverage
Revenue
£16.8m
Growth ▲37.1%
Profit
£1.2m
Growth ▲93.9%
Profit margin
7.3%
Gross 38.8%
Employees
91
Change ▲11%
Profit / employee
£13.4k
Revenue/employee £185k
Profitable streak
2yrs
Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to26 Aug 202225 Aug 202330 Aug 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£9.7m£12.2m£16.8m
Cost of sales£7m£7.5m£10.3m
Gross profit£2.7m£4.8m£6.5m
Operating profit−£1.2m£312k£1.5m
Profit before tax−£1.2m£361k£1.5m
Profit after tax−£1m£630k£1.2m
Profit (best available)−£1m£630k£1.2m
Staff costs£2.5m£2.9m£3.3m
Employees (average)798291
Ratios
Profit margin−10.4%5.1%7.3%
Gross margin27.7%39.1%38.8%
Revenue per employee£123k£149k£185k
Profit per employee−£12.7k£7.7k£13.4k
Growth (year on year)
Revenue growth—▲26.5%▲37.1%
Profit growth——▲93.9%
Headcount growth—▲3.8%▲11%
Balance sheet — indirect signals, not revenue
Cash at bank£3m£2.8m£5.8m
Net assets£4.4m£5.1m£6.3m
Fixed assets£378k£331k£298k
Current assets£14.3m£17.4m£21.4m
Debtors£6m£6.7m£7.3m
Deferred income£3.4m£4.2m£6.8m
SourceFullAccounts · bulk data May 2024FullAccounts · bulk data May 2024FullAccounts · bulk data May 2025
Derived from the latest filing

How the business works

Profit margin
7.3%
Profit ÷ revenue.
Gross margin
38.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£185k
Revenue ÷ average employees.
Profit per employee
£13.4k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
1.8%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
40.7%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
43.6%
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
▲24%
Now £6.3m
Cash at bank
▲106%
Now £5.8m
Headcount
▲11%
Now 91
Deferred income
▲62%
Now £6.8m
Fixed assets
▼10%
Now £298k

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

  1. Exheat Group Limitedultimate parent75–100%
  2. Exheat Limitedthis company

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

Sister companies (9)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Aug 2024 (profit £1.2m), from the Companies House accounts bulk data published May 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.