Preston Innovations Limited
Registered name: PRESTON INNOVATIONS LIMITED
Preston Innovations Limited made £22.4m revenue and £2.4m profit in the year to 31 Dec 2024.
Preston Innovations Limited’s revenue fell 18% to £22.4m in the year to 31 Dec 2024, with £2.4m profit and 46 employees. The company is classified under “non-specialised wholesale trade” and is based in Telford; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Telford, West Midlands
- Age
- 29 yrs · since 1997
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £27.4m | £22.4m |
| Cost of sales | £20.7m | £13.5m |
| Gross profit | £6.7m | £8.8m |
| Operating profit | −£362k | £3.3m |
| Profit before tax | −£407k | £3.2m |
| Profit after tax | −£420k | £2.4m |
| Profit (best available) | −£420k | £2.4m |
| Staff costs | £2.6m | £2m |
| Employees (average) | 78 | 46 |
| Ratios | ||
| Profit margin | −1.5% | 10.6% |
| Gross margin | 24.5% | 39.5% |
| Revenue per employee | £351k | £486k |
| Profit per employee | −£5.4k | £51.7k |
| Cash conversion | — | 1.5% |
| Growth (year on year) | ||
| Revenue growth | — | ▼18.4% |
| Headcount growth | — | ▼41% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1m | £214k |
| Net assets | £16.8m | £19.2m |
| Fixed assets | £1.5m | £1.7m |
| Current assets | £21.4m | £22.4m |
| Debtors | £1.7m | £1.6m |
| Deferred income | £413k | £678k |
| Cash from operations | −£1.1m | £47.6k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 10.6%
- Profit ÷ revenue.
- Gross margin
- 39.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £486k
- Revenue ÷ average employees.
- Profit per employee
- £51.7k
- Profit ÷ average employees.
- Cash conversion
- 1.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7%
- Money owed by customers. Low = customers pay quickly.
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
- ▲14%
- Now £19.2m
- Cash at bank
- ▼79%
- Now £214k
- Headcount
- ▼41%
- Now 46
- Deferred income
- ▲64%
- Now £678k
- Fixed assets
- ▲11%
- Now £1.7m
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
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2.4m), from the Companies House accounts bulk data published Sep 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.