How much does Itab UK Ltd make?

Itab UK Ltd reported revenue of £44.9m and £961k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Itab UK Ltd have?

Itab UK Ltd reported an average of 161 employees in the year to 31 Dec 2023.

Is Itab UK Ltd profitable?

Yes — Itab UK Ltd reported a profit of £961k in the year to 31 Dec 2023.

Company No. 03411363 · Incorporated 29 Jul 1997

Itab UK Ltd

Registered name: ITAB UK LTD

Part of Itab Shop Concept Ab group

Itab UK Ltd made £44.9m revenue and £961k profit in the year to 31 Dec 2023. read from filing text

Itab UK Ltd’s revenue fell 29% to £44.9m in the year to 31 Dec 2023, with £961k profit and 161 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Hemel Hempstead; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25990Manufacture of other fabricated metal products n.e.c.

Status: Active
Location: Hemel Hempstead, South East
Age: 29 yrs · since 1997
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. From the filing: “ITAB Shop Concept AB (incorporated in Sweden) is regarded by the directors as being the company's ultimate parent company.”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£44.9m

Growth ▼29.4%

Profit

£961k

Growth ▼57.1%

Profit margin

2.1%

Gross 36.8%

Employees

161

Change ▼13.9%

Profit / employee

£6k

Revenue/employee £279k

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 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£63.5m	£44.9m
Cost of sales	£42m	£28.3m
Gross profit	£21.5m	£16.5m
Operating profit	£2.8m	£981k
Profit before tax	£2.7m	£1.3m
Profit after tax	£2.2m	£961k
Profit (best available)	£2.2m	£961k
Employees (average)	187	161
Ratios
Profit margin	3.5%	2.1%
Gross margin	33.8%	36.8%
Revenue per employee	£340k	£279k
Profit per employee	£12k	£6k
Growth (year on year)
Revenue growth	—	▼29.4%
Profit growth	—	▼57.1%
Headcount growth	—	▼13.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£12.2m	—
Net assets	£12.1m	£12.5m
Fixed assets	£1.5m	£1.2m
Debtors	£6.5m	£5.1m
Deferred income	£2m	£1.4m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 2.1%; Profit ÷ revenue.
Gross margin: 36.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £279k; Revenue ÷ average employees.
Profit per employee: £6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.3%; 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 £12.5m
Cash at bank: —; Now —
Headcount: ▼14%; Now 161
Deferred income: ▼30%; Now £1.4m
Fixed assets: ▼18%; Now £1.2m

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

Itab Shop Concept Ab (registered outside the UK register)ultimate parent75–100%
Itab Holdings UK Ltd75–100%
Itab UK Ltdthis company

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

Sister companies (1)

Itab Interiors LtdRev. — · Profit £26.3k

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £961k), from the Companies House accounts bulk data published Sep 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.