How much does Connect Scaffolding Limited make?

Connect Scaffolding Limited reported revenue of £17.4m and £3.6m profit in the year to 31 Jan 2024, according to its accounts filed at Companies House.

How many employees does Connect Scaffolding Limited have?

Connect Scaffolding Limited reported an average of 116 employees in the year to 31 Jan 2024.

Is Connect Scaffolding Limited profitable?

Yes — Connect Scaffolding Limited reported a profit of £3.6m in the year to 31 Jan 2024.

Company No. 03893139 · Incorporated 13 Dec 1999

Connect Scaffolding Limited

Registered name: CONNECT SCAFFOLDING LIMITED

Part of Connect Trustees Limited group

Connect Scaffolding Limited made £17.4m revenue and £3.6m profit in the year to 31 Jan 2024.

Connect Scaffolding Limited’s revenue grew 17% to £17.4m in the year to 31 Jan 2024, with £3.6m profit and 116 employees. The company is classified under “scaffold erection” and is based in Bishop's Stortford; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43991Scaffold erection

Status: Active
Location: Bishop's Stortford, East of England
Age: 26 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: “Connect Access Group Limited”

Latest accounts · year to 31 Jan 2024

Key figures

Capital-lightOperating leverageDoing more with lessBoring industry

Revenue

£17.4m

Growth ▲17%

Profit

£3.6m

Growth ▲71.1%

Profit margin

20.4%

Gross 38.2%

Employees

116

Change ▼1.7%

Profit / employee

£30.6k

Revenue/employee £150k

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 Jan 2022	31 Jan 2023	31 Jan 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.8m	£14.9m	£17.4m
Cost of sales	£9.5m	£10.4m	£10.7m
Gross profit	£3.3m	£4.5m	£6.6m
Operating profit	£2.5m	£2.5m	£4.5m
Profit before tax	£2.5m	£2.6m	£4.7m
Profit after tax	£2.1m	£2.1m	£3.6m
Profit (best available)	£2.1m	£2.1m	£3.6m
Staff costs	£5.7m	£5.8m	£5.9m
Employees (average)	126	118	116
Ratios
Profit margin	16.7%	14%	20.4%
Gross margin	26%	30%	38.2%
Revenue per employee	£102k	£126k	£150k
Profit per employee	£17k	£17.6k	£30.6k
Growth (year on year)
Revenue growth	—	▲16%	▲17%
Profit growth	—	▼3.2%	▲71.1%
Headcount growth	—	▼6.3%	▼1.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£7.2m	£9.9m	£1.6m
Net assets	£13.3m	£6.7m	£4.1m
Fixed assets	£1.2m	£1m	£1.1m
Current assets	£12.9m	£12.7m	£4.7m
Debtors	£2.3m	£2.4m	£2.7m
Deferred income	£220k	£218k	£217k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	Accounts · bulk data Jun 2024

Derived from the latest filing

How the business works

Profit margin: 20.4%; Profit ÷ revenue.
Gross margin: 38.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £150k; Revenue ÷ average employees.
Profit per employee: £30.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.4%; 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: ▼38%; Now £4.1m
Cash at bank: ▼84%; Now £1.6m
Headcount: ▼2%; Now 116
Deferred income: ▼0%; Now £217k
Fixed assets: ▲9%; Now £1.1m

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

Connect Trustees Limitedultimate parent75–100%
Connect Access Group Ltd75–100%
Connect Scaffolding Limitedthis company

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

Sister companies (1)

Archway Services LimitedFigures not disclosed

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Jan 2024 (profit £3.6m), from the Companies House accounts bulk data published Jun 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.