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Company No. 02739318 · Incorporated 12 Aug 1992

Silkstone Finance Limited

Registered name: SILKSTONE FINANCE LIMITED

Part of Howden Joinery Group PLC group

Silkstone Finance Limited made £114m revenue and £16.1m profit in the year to 31 Dec 2024. read from filing text

Silkstone Finance Limited’s revenue grew 10% to £114m in the year to 31 Dec 2024, with £16.1m profit and 609 employees. The company is classified under “development of building projects” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects
Status
Active
Location
London, London
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 Dec 2024

Key figures

Revenue
£114m
Growth ▲9.7%
Profit
£16.1m
Growth ▼14.7%
Profit margin
14.1%
Gross 53%
Employees
609
Change ▲16.2%
Profit / employee
£26.4k
Revenue/employee £188k
Profitable streak
3yrs
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 to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£92.2m£104m£114m
Cost of sales£38m£49.6m£53.7m
Gross profit£54.2m£54.6m£60.7m
Operating profit£25.6m£21.4m£20.9m
Profit before tax£25.6m£24.5m£21.2m
Profit after tax£20.4m£18.9m£16.1m
Profit (best available)£20.4m£18.9m£16.1m
Employees (average)464524609
Ratios
Profit margin22.2%18.1%14.1%
Gross margin58.8%52.4%53%
Revenue per employee£199k£199k£188k
Profit per employee£44.1k£36k£26.4k
Growth (year on year)
Revenue growth—▲13.1%▲9.7%
Profit growth—▼7.8%▼14.7%
Headcount growth—▲12.9%▲16.2%
Balance sheet — indirect signals, not revenue
Cash at bank£103k£264k£10.3m
Net assets£31.6m£39.2m£50.1m
Fixed assets£23m£30.2m£31.5m
Current assets£9.4m£10.2m£22.6m
Debtors£0£0£0
Deferred income£10k£411k£961k
SourceFullAccounts · bulk data Dec 2024FullAccounts · bulk data Dec 2024FullAccounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
14.1%
Profit ÷ revenue.
Gross margin
53%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£188k
Revenue ÷ average employees.
Profit per employee
£26.4k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
27.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0%
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
▲28%
Now £50.1m
Cash at bank
▲3799%
Now £10.3m
Headcount
▲16%
Now 609
Deferred income
▲133%
Now £961k
Fixed assets
▲4%
Now £31.5m

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. Howden Joinery Group PLCultimate parent75–100%
  2. Howden Joinery Holdings Limited75–100%
  3. Silkstone Finance Limitedthis company

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

Subsidiaries (1)

Sister companies (6)

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 31 Dec 2024 (profit £16.1m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Updated from Companies House on 13 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.