How much does Swiftline Engineering Limited make?

Swiftline Engineering Limited reported revenue of £61.8m and £2m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Swiftline Engineering Limited have?

Swiftline Engineering Limited reported an average of 16 employees in the year to 31 Dec 2024.

Is Swiftline Engineering Limited profitable?

Yes — Swiftline Engineering Limited reported a profit of £2m in the year to 31 Dec 2024.

Company No. 04190648 · Incorporated 30 Mar 2001

Swiftline Engineering Limited

Registered name: SWIFTLINE ENGINEERING LIMITED

Part of Swiftline Group Limited group

Swiftline Engineering Limited made £61.8m revenue and £2m profit in the year to 31 Dec 2024. read from filing text

Swiftline Engineering Limited’s revenue grew 13% to £61.8m in the year to 31 Dec 2024, with £2m profit and 16 employees. The company is classified under “machining” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25620Machining SIC 43390Other building completion and finishing SIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 25 yrs · since 2001
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 ultimate parent company is Swiftline Group Limited, a company registered in England & Wales.”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightOperating leverageDoing more with lessCash flow filed

Revenue

£61.8m

Growth ▲13.4%

Profit

£2m

Growth ▲95.9%

Profit margin

3.2%

Gross 5.3%

Employees

Change ▼15.8%

Profit / employee

£124k

Revenue/employee £3.9m

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 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£49.2m	£54.5m	£61.8m
Cost of sales	£47.4m	£52.6m	£58.6m
Gross profit	£1.7m	£1.9m	£3.3m
Operating profit	£840k	£967k	£1.9m
Profit before tax	£843k	£1m	£2m
Profit after tax	£1.4m	£1m	£2m
Profit (best available)	£1.4m	£1m	£2m
Staff costs	£840k	£1m	£1.1m
Employees (average)	16	19	16
Ratios
Profit margin	2.8%	1.9%	3.2%
Gross margin	3.5%	3.5%	5.3%
Revenue per employee	£3.1m	£2.9m	£3.9m
Profit per employee	£87.4k	£53.4k	£124k
Cash conversion	−11.4%	87.1%	−298.5%
Growth (year on year)
Revenue growth	—	▲10.9%	▲13.4%
Profit growth	—	▼27.5%	▲95.9%
Headcount growth	—	▲18.8%	▼15.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.6m	£2.7m	£8.7m
Net assets	£5.3m	£6.2m	£8.1m
Fixed assets	£463k	£457k	£451k
Current assets	£9.1m	£10.8m	£17.3m
Debtors	£2.8m	£3.1m	£4.4m
Deferred income	£981k	£0	£3.1m
Cash from operations	−£95.6k	£842k	−£5.8m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 3.2%; Profit ÷ revenue.
Gross margin: 5.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £3.9m; Revenue ÷ average employees.
Profit per employee: £124k; Profit ÷ average employees.
Cash conversion: −298.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7%; 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: ▲31%; Now £8.1m
Cash at bank: ▲224%; Now £8.7m
Headcount: ▼16%; Now 16
Deferred income: —; Now £3.1m
Fixed assets: ▼1%; Now £451k

Corporate ownership

Group structure

Ownership chain

Swiftline Group Limitedultimate parent75–100%
Swiftline Engineering 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).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2m), from the Companies House accounts bulk data published Jun 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.