How much does Gibbs Surfacing Limited make?

Gibbs Surfacing Limited reported revenue of £13.8m and £228k profit in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does Gibbs Surfacing Limited have?

Gibbs Surfacing Limited reported an average of 43 employees in the year to 31 Aug 2023.

Is Gibbs Surfacing Limited profitable?

Yes — Gibbs Surfacing Limited reported a profit of £228k in the year to 31 Aug 2023.

Company No. 03045934 · Incorporated 13 Apr 1995

Gibbs Surfacing Limited

Registered name: GIBBS SURFACING LIMITED

Gibbs Surfacing Limited made £13.8m revenue and £228k profit in the year to 31 Aug 2023.

Gibbs Surfacing Limited’s revenue grew 5% to £13.8m in the year to 31 Aug 2023, with £228k profit and 43 employees. The company is classified under “construction of roads and motorways” and is based in Birmingham; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 42110Construction of roads and motorways

Status: Liquidation
Location: Birmingham, West Midlands
Age: 31 yrs · since 1995
Type: Private Limited Company

Latest accounts · year to 31 Aug 2023

Key figures

IndependentCapital-lightOperating leverageDoing more with lessCash flow filed

Revenue

£13.8m

Growth ▲5.3%

Profit

£228k

Growth ▲60.1%

Profit margin

1.7%

Gross 21.4%

Employees

Change ▼2.3%

Profit / employee

£5.3k

Revenue/employee £322k

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 to	31 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13.1m	£13.8m
Cost of sales	£10.6m	£10.9m
Gross profit	£2.5m	£3m
Operating profit	£289k	£415k
Profit before tax	£206k	£312k
Profit after tax	£143k	£228k
Profit (best available)	£143k	£228k
Staff costs	£2.2m	£2.3m
Employees (average)	44	43
Ratios
Profit margin	1.1%	1.7%
Gross margin	19.1%	21.4%
Revenue per employee	£299k	£322k
Profit per employee	£3.2k	£5.3k
Cash conversion	−184.8%	−165.5%
Growth (year on year)
Revenue growth	—	▲5.3%
Profit growth	—	▲60.1%
Headcount growth	—	▼2.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£581	£323k
Net assets	−£200k	£28.8k
Fixed assets	£1.5m	£1.3m
Current assets	£5.9m	£6.6m
Debtors	£4m	£3.9m
Deferred income	£153k	£104k
Cash from operations	−£533k	−£687k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: 1.7%; Profit ÷ revenue.
Gross margin: 21.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £322k; Revenue ÷ average employees.
Profit per employee: £5.3k; Profit ÷ average employees.
Cash conversion: −165.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 9.8%; 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: 28.2%; 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 £28.8k
Cash at bank: ▲55442%; Now £323k
Headcount: ▼2%; Now 43
Deferred income: ▼32%; Now £104k
Fixed assets: ▼13%; Now £1.3m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2023 (profit £228k), from the Companies House accounts bulk data published May 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.