How much does Terra Firma Pipeline Limited make?

Terra Firma Pipeline Limited reported revenue of £8.3m and a loss of £1.9m in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Terra Firma Pipeline Limited have?

Terra Firma Pipeline Limited reported an average of 30 employees in the year to 31 Oct 2025.

Is Terra Firma Pipeline Limited profitable?

No — Terra Firma Pipeline Limited reported a loss of £1.9m in the year to 31 Oct 2025.

Company No. 04089690 · Incorporated 13 Oct 2000

Terra Firma Pipeline Limited

Registered name: TERRA FIRMA PIPELINE LIMITED

Part of L Wells Holdings Limited group

Terra Firma Pipeline Limited made £8.3m revenue and a £1.9m loss in the year to 31 Oct 2025.

Terra Firma Pipeline Limited’s revenue fell 76% to £8.3m in the year to 31 Oct 2025, with a loss of £1.9m and 30 employees. The company is classified under “other business support service activities” and is based in Brentwood; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Brentwood, East of England
Age: 26 yrs · since 2000
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.

Latest accounts · year to 31 Oct 2025

Key figures

Cash flow filed

Revenue

£8.3m

Growth ▼76.4%

Profit

−£1.9m

Growth ▼1852%

Profit margin

−23.1%

Gross 10.4%

Employees

Change ▼38.8%

Profit / employee

−£63.6k

Revenue/employee £275k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19.6m	£26.3m	£34.9m	£8.3m
Cost of sales	£14.2m	£21.5m	£30.5m	£7.4m
Gross profit	£5.3m	£4.8m	£4.4m	£860k
Operating profit	£2.3m	£1m	−£164k	−£2.3m
Profit before tax	£2m	£799k	−£459k	−£2.6m
Profit after tax	£1.8m	£682k	£109k	−£1.9m
Profit (best available)	£1.8m	£682k	£109k	−£1.9m
Staff costs	£2.3m	£2.5m	£2.8m	£1.5m
Employees (average)	49	52	49	30
Ratios
Profit margin	9.3%	2.6%	0.3%	−23.1%
Gross margin	27.3%	18.2%	12.6%	10.4%
Revenue per employee	£399k	£507k	£713k	£275k
Profit per employee	£37.2k	£13.1k	£2.2k	−£63.6k
Cash conversion	−89.7%	−8.1%	—	—
Growth (year on year)
Revenue growth	—	▲34.6%	▲32.6%	▼76.4%
Profit growth	—	▼62.6%	▼84%	▼1852%
Headcount growth	—	▲6.1%	▼5.8%	▼38.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4m	£98.7k	£877k	£327k
Net assets	£5.1m	£5.6m	£5.7m	£2.5m
Fixed assets	£7.3m	£7.8m	£8m	£2.6m
Current assets	£3.7m	£4.9m	£5.4m	£3m
Debtors	£836k	£258k	£636k	£641k
Deferred income	£908k	£568k	£960k	£238k
Cash from operations	−£2m	−£85.1k	−£2m	£1.6m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: −23.1%; Profit ÷ revenue.
Gross margin: 10.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £275k; Revenue ÷ average employees.
Profit per employee: −£63.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 31.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.8%; 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: ▼57%; Now £2.5m
Cash at bank: ▼63%; Now £327k
Headcount: ▼39%; Now 30
Deferred income: ▼75%; Now £238k
Fixed assets: ▼67%; Now £2.6m

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

L Wells Holdings Limitedultimate parent75–100%
Terra Firma Pipeline 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

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit −£1.9m), from the Companies House accounts bulk data published Jul 2026. 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.