Garner Osborne Circuits Limited
Registered name: GARNER OSBORNE CIRCUITS LIMITED
Part of PJ George Topco Ltd groupGarner Osborne Circuits Limited made £12.8m revenue and £2.1m profit in the year to 30 Sep 2024. read from filing text
Garner Osborne Circuits Limited’s revenue fell 1% to £12.8m in the year to 30 Sep 2024, with £2.1m profit and 126 employees. The company is classified under “manufacture of electronic components” and is based in Newbury; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Newbury, South East
- Age
- 27 yrs · since 1999
- 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: “The parent company of Garner Osborne Circuits Limited is GOCL BidCo Limited, the ultimate parent company is PJ George TopCo Ltd. The address of PJ George TopCo Ltd is Unit 10 Hambridge Business Centre”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £12.9m | £12.8m |
| Cost of sales | £8.5m | £8.3m |
| Gross profit | £4.5m | £4.5m |
| Operating profit | £2.2m | £2.6m |
| Profit before tax | £2.1m | £2.6m |
| Profit after tax | £1.7m | £2.1m |
| Profit (best available) | £1.7m | £2.1m |
| Staff costs | £3.8m | £4.4m |
| Employees (average) | 119 | 126 |
| Ratios | ||
| Profit margin | 12.9% | 16.1% |
| Gross margin | 34.5% | 35% |
| Revenue per employee | £108k | £102k |
| Profit per employee | £14k | £16.4k |
| Cash conversion | −58.9% | −72.2% |
| Growth (year on year) | ||
| Revenue growth | — | ▼0.6% |
| Profit growth | — | ▲24.2% |
| Headcount growth | — | ▲5.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £172k | £912k |
| Net assets | £5.9m | £5.3m |
| Fixed assets | £4.2m | £2.1m |
| Current assets | £5.3m | £6.8m |
| Debtors | £2m | £2m |
| Deferred income | £91.2k | £149k |
| Cash from operations | −£1.3m | −£1.9m |
| Source | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Mar 2025 |
How the business works
- Profit margin
- 16.1%
- Profit ÷ revenue.
- Gross margin
- 35%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £102k
- Revenue ÷ average employees.
- Profit per employee
- £16.4k
- Profit ÷ average employees.
- Cash conversion
- −72.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 16.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 15.5%
- 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
- ▼10%
- Now £5.3m
- Cash at bank
- ▲431%
- Now £912k
- Headcount
- ▲6%
- Now 126
- Deferred income
- ▲64%
- Now £149k
- Fixed assets
- ▼50%
- Now £2.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- PJ George Topco Ltdultimate parent75–100%
- PJ George Midco Ltd75–100%
- Agile Circuit Technology Group Ltd.75–100%
- Gocl Bidco Limited75–100%
- Garner Osborne Circuits Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2024 (profit £2.1m), from the Companies House accounts bulk data published Mar 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.