How much does Addison Project PLC make?

Addison Project PLC reported revenue of £18.6m and £1.2m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Addison Project PLC have?

Addison Project PLC reported an average of 65 employees in the year to 31 Dec 2024.

Is Addison Project PLC profitable?

Yes — Addison Project PLC reported a profit of £1.2m in the year to 31 Dec 2024.

Company No. 03300272 · Incorporated 9 Jan 1997

Addison Project PLC

Registered name: ADDISON PROJECT PLC

Part of Addison Trustees Limited group

Addison Project PLC made £18.6m revenue and £1.2m profit in the year to 31 Dec 2024.

Addison Project PLC’s revenue grew 16% to £18.6m in the year to 31 Dec 2024, with £1.2m profit and 65 employees. The company is classified under “other engineering activities” and is based in Thornton Cleveleys; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71129Other engineering activities

Status: Active
Location: Thornton Cleveleys, North West
Age: 29 yrs · since 1997
Type: Public 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

Operating leverageCash flow filed

Revenue

£18.6m

Growth ▲16.5%

Profit

£1.2m

Growth ▲21.4%

Profit margin

6.6%

Gross 15.6%

Employees

Change ▲32.6%

Profit / employee

£18.8k

Revenue/employee £286k

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 to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£16.8m	£16m	£18.6m
Cost of sales	£13.4m	£13.3m	£15.7m
Gross profit	£3.4m	£2.6m	£2.9m
Operating profit	£1.8m	£1.1m	£1.5m
Profit before tax	£1.8m	£1.2m	£1.7m
Profit after tax	£1.4m	£1m	£1.2m
Profit (best available)	£1.4m	£1m	£1.2m
Employees (average)	42	49	65
Ratios
Profit margin	8.1%	6.3%	6.6%
Gross margin	20.4%	16.6%	15.6%
Revenue per employee	£400k	£326k	£286k
Profit per employee	£32.6k	£20.5k	£18.8k
Cash conversion	−176.6%	−95.8%	−141.6%
Growth (year on year)
Revenue growth	—	▼4.8%	▲16.5%
Profit growth	—	▼26.4%	▲21.4%
Headcount growth	—	▲16.7%	▲32.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.1m	£3.5m	£5.4m
Net assets	£6.8m	£7.8m	£9m
Fixed assets	£2.4m	£2.5m	£2.5m
Current assets	£10.5m	£12.8m	£14.9m
Debtors	£2.4m	£3.2m	£2.8m
Deferred income	£1.8m	£252k	£177k
Cash from operations	−£3.2m	−£1.1m	−£2.1m
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 6.6%; Profit ÷ revenue.
Gross margin: 15.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £286k; Revenue ÷ average employees.
Profit per employee: £18.8k; Profit ÷ average employees.
Cash conversion: −141.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 13.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.1%; 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: ▲16%; Now £9m
Cash at bank: ▲53%; Now £5.4m
Headcount: ▲33%; Now 65
Deferred income: ▼30%; Now £177k
Fixed assets: ▼1%; Now £2.5m

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

Addison Trustees Limitedultimate parent75–100%
Addison Group Holdings Limited75–100%
Addison Project PLCthis company

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

Sister companies (2)

Addison Engineering (Holdings) LimitedFigures not disclosed
Addison Engineering Company (Blackpool) LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.2m), from the Companies House accounts bulk data published Jun 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.