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Company No. 02661321 · Incorporated 7 Nov 1991

Siel Energy Systems Limited

Registered name: SIEL ENERGY SYSTEMS LIMITED

Part of Legrand France Sa group

Siel Energy Systems Limited made £687k revenue and £93k profit in the year to 31 Dec 2023.

Siel Energy Systems Limited’s revenue fell 53% to £687k in the year to 31 Dec 2023, with £93k profit and 6 employees. The company is classified under “manufacture of other electrical equipment” and is based in Sheffield; we hold 2 years of its filed accounts.

Status
Active
Location
Sheffield
Age
34 yrs · since 1991
Type
Private Limited Company
Latest accounts · year to 31 Dec 2023

Key figures

Revenue
£687k
Growth ▼52.5%
Profit
£93k
Growth ▼64.7%
Profit margin
13.5%
Gross 47.2%
Employees
6
Change ▼14.3%
Profit / employee
£15.5k
Revenue/employee £115k
Profitable streak
2yrs
Consecutive profitable years in our data
2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£1.4m£687k
Cost of sales−£624k−£363k
Gross profit£824k£324k
Operating profit£320k£138k
Profit before tax£320k£138k
Profit after tax£263k£93k
Profit (best available)£263k£93k
Employees (average)76
Ratios
Profit margin18.2%13.5%
Gross margin56.9%47.2%
Revenue per employee£207k£115k
Profit per employee£37.6k£15.5k
Growth (year on year)
Revenue growth—▼52.5%
Profit growth—▼64.7%
Headcount growth—▼14.3%
Balance sheet — indirect signals, not revenue
Net assets——
SourceAccounts · bulk data Feb 2025Accounts · bulk data Feb 2025
Derived from the latest filing

How the business works

Profit margin
13.5%
Profit ÷ revenue.
Gross margin
47.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£115k
Revenue ÷ average employees.
Profit per employee
£15.5k
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.
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 —
Cash at bank
—
Now —
Headcount
▼14%
Now 6
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Legrand France Sa (registered outside the UK register)ultimate parent75–100%
  2. Legrand UK Limited75–100%
  3. Legrand Electric Limited75–100%
  4. PCL Holdings Limited75–100%
  5. Siel Energy Systems Limitedthis company

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

Sister companies (1)

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

Sources

Latest figures from accounts for the year to 31 Dec 2023 (profit £93k), from the Companies House accounts bulk data published Feb 2025. Spotted an error? Request a correction.

Updated from Companies House on 18 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.