How many employees does Panel UK Limited have?

Panel UK Limited reported an average of 60 employees in the year to 31 Dec 2024.

Is Panel UK Limited profitable?

Yes — Panel UK Limited reported a profit of £270k in the year to 31 Dec 2024.

Company No. 02825123 · Incorporated 8 Jun 1993

Panel UK Limited

Registered name: PANEL UK LIMITED

Part of S M Holdings Yorkshire Limited group

Panel UK Limited made £270k profit in the year to 31 Dec 2024 (revenue not disclosed).

Panel UK Limited reported £270k profit in the year to 31 Dec 2024, down 17% on the year before; its revenue was not disclosed. It had 60 employees. The company is classified under “manufacture of office and shop furniture” and is based in Leeds; we hold 3 years of its filed accounts.

Profit onlySection C · ManufacturingSIC 31010Manufacture of office and shop furniture

Status: Active
Location: Leeds, Yorkshire and The Humber
Age: 33 yrs · since 1993
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

—

Not disclosed in filing

Profit

£270k

Growth ▼16.8%

Profit margin

—

Employees

Change 0%

Profit / employee

£4.5k

Profitable streak

2yrs

Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

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 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Profit only	Profit only
Profit & loss
Revenue (turnover)	—	—	—
Profit after tax	—	£325k	£270k
Profit (best available)	—	£325k	£270k
Employees (average)	68	60	60
Ratios
Profit margin	—	—	—
Profit per employee	—	£5.4k	£4.5k
Growth (year on year)
Profit growth	—	—	▼16.8%
Headcount growth	—	▼11.8%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£20.9k	£1	£72k
Net assets	£1.5m	£1.4m	£1.3m
Fixed assets	£1.3m	£1.7m	£2.7m
Current assets	£3.1m	£2.8m	£2m
Debtors	£939k	£983k	£811k
Deferred income	—	£36k	£51.8k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: £4.5k; 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: ▼6%; Now £1.3m
Cash at bank: ▲7203400%; Now £72k
Headcount: 0%; Now 60
Deferred income: ▲44%; Now £51.8k
Fixed assets: ▲61%; Now £2.7m

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

S M Holdings Yorkshire Limitedultimate parent75–100%
Panel Industries Limited75–100%
Panel UK 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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £270k), from the Companies House accounts bulk data published Aug 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.