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Company No. 02639199 · Incorporated 20 Aug 1991

Pennine Pneumatic Services Limited

Registered name: PENNINE PNEUMATIC SERVICES LIMITED

Part of Atlas Copco Airpower N.V. group

Pennine Pneumatic Services Limited made £18.8m revenue and £349k profit in the year to 31 Dec 2025. read from filing text

Pennine Pneumatic Services Limited’s revenue was £18.8m in the year to 31 Dec 2025, with £349k profit and 84 employees. The company is classified under “agents involved in the sale of machinery, industrial equipment, ships and aircraft” and is based in Hemel Hempstead; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft
Status
Active
Location
Hemel Hempstead, South East
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. From the filing: “The parent company is”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed
Revenue
£18.8m
Growth —
Profit
£349k
Growth —
Profit margin
1.9%
Gross 46.4%
Employees
84
Change —
Profit / employee
£4.2k
Revenue/employee £223k
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Sep 202431 Dec 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£15.6m£18.8m
Cost of sales£8m£10.1m
Gross profit£7.6m£8.7m
Operating profit£1.6m£377k
Profit before tax£1.5m£318k
Profit after tax£1.3m£349k
Profit (best available)£1.3m£349k
Staff costs£4.3m£5.3m
Employees (average)8984
Ratios
Profit margin8.3%1.9%
Gross margin48.6%46.4%
Revenue per employee£175k£223k
Profit per employee£14.5k£4.2k
Cash conversion−64.9%79.3%
Balance sheet — indirect signals, not revenue
Cash at bank£1.3m£29.2k
Net assets£3.7m£4.1m
Fixed assets£2.2m£1.3m
Current assets£7.3m£6.2m
Debtors£3.2m£2.5m
Deferred income£583k£716k
Cash from operations−£1m£299k
SourceFullAccounts · bulk data Sep 2026FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
1.9%
Profit ÷ revenue.
Gross margin
46.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£223k
Revenue ÷ average employees.
Profit per employee
£4.2k
Profit ÷ average employees.
Cash conversion
79.3%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
6.9%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
3.8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
13.5%
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
—
Now £4.1m
Cash at bank
—
Now £29.2k
Headcount
—
Now 84
Deferred income
—
Now £716k
Fixed assets
—
Now £1.3m

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. Atlas Copco Airpower N.V. (registered outside the UK register)ultimate parent75–100%
  2. Atlas Copco UK Holdings Limited75–100%
  3. Pneumatic Services Limited75–100%
  4. Pennine Pneumatic Services Limitedthis company

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

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £349k), from the Companies House accounts bulk data published Sep 2026. 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.