How much does Cirteq Limited make?

Cirteq Limited reported revenue of £21.9m and a loss of £351k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Cirteq Limited have?

Cirteq Limited reported an average of 275 employees in the year to 31 Dec 2025.

Is Cirteq Limited profitable?

No — Cirteq Limited reported a loss of £351k in the year to 31 Dec 2025.

Company No. 03062174 · Incorporated 30 May 1995

Cirteq Limited

Registered name: CIRTEQ LIMITED

Part of Bakfin Limited group

Cirteq Limited made £21.9m revenue and a £351k loss in the year to 31 Dec 2025.

Cirteq Limited’s revenue fell 10% to £21.9m in the year to 31 Dec 2025, with a loss of £351k and 275 employees. The company is classified under “manufacture of wire products, chain and springs” and is based in Keighley; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25930Manufacture of wire products, chain and springs

Status: Active
Location: Keighley, Yorkshire and The Humber
Age: 31 yrs · since 1995
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 2025

Key figures

Capital-light

Revenue

£21.9m

Growth ▼10.3%

Profit

−£351k

Growth —

Profit margin

−1.6%

Gross 5.5%

Employees

275

Change ▼8.9%

Profit / employee

−£1.3k

Revenue/employee £79.8k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.3m	£25.5m	£24.4m	£21.9m
Cost of sales	£24.7m	£21.6m	£22m	£20.7m
Gross profit	£2.6m	£3.9m	£2.5m	£1.2m
Operating profit	—	—	−£552k	−£148k
Profit before tax	£146k	£992k	−£601k	−£292k
Profit after tax	−£35.7k	£1.2m	−£451k	−£351k
Profit (best available)	−£35.7k	£1.2m	−£451k	−£351k
Staff costs	£10.6m	£9.7m	£9.9m	£9.2m
Employees (average)	356	315	302	275
Ratios
Profit margin	−0.1%	4.7%	−1.8%	−1.6%
Gross margin	9.5%	15.2%	10.1%	5.5%
Revenue per employee	£76.8k	£81k	£81k	£79.8k
Profit per employee	−£100	£3.8k	−£1.5k	−£1.3k
Growth (year on year)
Revenue growth	—	▼6.7%	▼4.2%	▼10.3%
Profit growth	—	—	▼137.5%	—
Headcount growth	—	▼11.5%	▼4.1%	▼8.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£457k	£326k	£372k	£225k
Net assets	£7.4m	£8.4m	£8m	£7.6m
Fixed assets	£755k	£638k	£530k	£421k
Current assets	£11.6m	£10.8m	£11.7m	£9.6m
Debtors	£3.2m	£2.7m	£2.5m	£964k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: −1.6%; Profit ÷ revenue.
Gross margin: 5.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £79.8k; Revenue ÷ average employees.
Profit per employee: −£1.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.4%; 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: ▼4%; Now £7.6m
Cash at bank: ▼39%; Now £225k
Headcount: ▼9%; Now 275
Deferred income: —; Now —
Fixed assets: ▼21%; Now £421k

Corporate ownership

Group structure

Ownership chain

Bakfin Limitedultimate parent75–100%
Glusburn Holdings Limited75–100%
Cirteq Limitedthis company

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

Subsidiaries (2)

Anderton Circlips LimitedFigures not disclosed
Ellison Circlips LimitedFigures 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 Dec 2025 (profit −£351k), from the Companies House accounts bulk data published May 2026. 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.