How much does Tunnelcraft Limited make?

Tunnelcraft Limited reported revenue of £66.2m and £613k profit in the year to 31 Jan 2024, according to its accounts filed at Companies House.

How many employees does Tunnelcraft Limited have?

Tunnelcraft Limited reported an average of 452 employees in the year to 31 Jan 2024.

Is Tunnelcraft Limited profitable?

Yes — Tunnelcraft Limited reported a profit of £613k in the year to 31 Jan 2024.

Company No. 02728757 · Incorporated 3 Jul 1992

Tunnelcraft Limited

Registered name: TUNNELCRAFT LIMITED

Part of Tunnelcraft Holdings Limited group

Tunnelcraft Limited made £66.2m revenue and £613k profit in the year to 31 Jan 2024.

Tunnelcraft Limited’s revenue grew 204% to £66.2m in the year to 31 Jan 2024, with £613k profit and 452 employees. The company is classified under “construction of bridges and tunnels” and is based in Basildon; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 42130Construction of bridges and tunnels

Status: Active
Location: Basildon, East of England
Age: 34 yrs · since 1992
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 31 Jan 2024

Key figures

Revenue

£66.2m

Growth ▲204.2%

Profit

£613k

Growth —

Profit margin

0.9%

Gross 7.7%

Employees

452

Change ▲35.3%

Profit / employee

£1.4k

Revenue/employee £146k

Profitable streak

1yr

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 to	31 Jan 2022	31 Jan 2023	31 Jan 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£22.1m	£21.8m	£66.2m
Cost of sales	£18.8m	£19m	£61.1m
Gross profit	£3.3m	£2.7m	£5.1m
Operating profit	£496k	£138k	£1.3m
Profit before tax	£497k	£138k	£1.3m
Profit after tax	£401k	−£209k	£613k
Profit (best available)	£401k	−£209k	£613k
Staff costs	£17.7m	£14.3m	£47.4m
Employees (average)	186	334	452
Ratios
Profit margin	1.8%	−1%	0.9%
Gross margin	14.9%	12.6%	7.7%
Revenue per employee	£119k	£65.2k	£146k
Profit per employee	£2.2k	−£624	£1.4k
Growth (year on year)
Revenue growth	—	▼1.5%	▲204.2%
Profit growth	—	▼152%	—
Headcount growth	—	▲79.6%	▲35.3%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£2.4m	£3.9m
Net assets	£4.1m	£3.9m	£3m
Fixed assets	£12.8m	£12.7m	£11.4m
Current assets	—	£9.5m	£10.2m
Debtors	—	£576k	£87.9k
Deferred income	£1.1m	£1.6m	£2.1m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2024

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 7.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £146k; Revenue ÷ average employees.
Profit per employee: £1.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 17.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.1%; 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: ▼23%; Now £3m
Cash at bank: ▲60%; Now £3.9m
Headcount: ▲35%; Now 452
Deferred income: ▲27%; Now £2.1m
Fixed assets: ▼10%; Now £11.4m

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

Tunnelcraft Holdings Limitedultimate parent75–100%
Tunnelcraft Limitedthis company

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

Subsidiaries (1)

Tunnelcraft Labour Services LLPFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2024 (profit £613k), from the Companies House accounts bulk data published Oct 2024. 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.