How much does TRL Limited make?

TRL Limited reported revenue of £22.1m and £7.4m profit in the year to 30 Jun 2025, according to its accounts filed at Companies House.

Is TRL Limited profitable?

Yes — TRL Limited reported a profit of £7.4m in the year to 30 Jun 2025.

Company No. 03142272 · Incorporated 29 Dec 1995

TRL Limited

Registered name: TRL LIMITED

Part of Blandford Jv, Lp group

TRL Limited made £22.1m revenue and £7.4m profit in the year to 30 Jun 2025.

TRL Limited’s revenue fell 5% to £22.1m in the year to 30 Jun 2025, with £7.4m profit. The company is classified under “other research and experimental development on natural sciences and engineering” and is based in Wokingham; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 72190Other research and experimental development on natural sciences and engineering SIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Wokingham, South East
Age: 30 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 30 Jun 2025

Key figures

Revenue

£22.1m

Growth ▼5.4%

Profit

£7.4m

Growth —

Profit margin

33.6%

Gross 59.5%

Employees

—

Change —

Profit / employee

—

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	30 Jun 2023	30 Jun 2024	30 Jun 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£23.8m	£23.3m	£22.1m
Cost of sales	−£9.6m	−£8.9m	−£8.9m
Gross profit	£14.2m	£14.5m	£13.1m
Operating profit	−£2.2m	£436k	£11.4m
Profit before tax	−£2.5m	−£427k	£10.5m
Profit after tax	−£6.1m	−£390k	£7.4m
Profit (best available)	−£6.1m	−£390k	£7.4m
Employees (average)	268	231	—
Ratios
Profit margin	−25.6%	−1.7%	33.6%
Gross margin	59.7%	62%	59.5%
Revenue per employee	£88.7k	£101k	—
Profit per employee	−£22.7k	−£1.7k	—
Growth (year on year)
Revenue growth	—	▼1.8%	▼5.4%
Headcount growth	—	▼13.8%	—
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jul 2025	Accounts · bulk data Jul 2025	Accounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 33.6%; Profit ÷ revenue.
Gross margin: 59.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Blandford Jv, Lp (registered outside the UK register)ultimate parent75–100%
Thirlmere Topco Limited75–100%
TRL Limitedthis company

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

Subsidiaries (5)

Appia Infrastructure Solutions LimitedFigures not disclosed
SMLL LimitedFigures not disclosed
Transport and Travel Research LimitedFigures not disclosed
TRL International LimitedFigures not disclosed
TRL Software LimitedFigures not disclosed

Sister companies (1)

Thirlmere Midco 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 accounts for the year to 30 Jun 2025 (profit £7.4m), from the Companies House accounts bulk data published Apr 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.