How much does Grey Technology Limited make?

Grey Technology Limited reported revenue of £34.4m and £1.9m profit in the year to 30 Nov 2022, according to its accounts filed at Companies House.

How many employees does Grey Technology Limited have?

Grey Technology Limited reported an average of 161 employees in the year to 30 Nov 2022.

Is Grey Technology Limited profitable?

Yes — Grey Technology Limited reported a profit of £1.9m in the year to 30 Nov 2022.

Company No. 04320113 · Incorporated 9 Nov 2001

Grey Technology Limited

Registered name: GREY TECHNOLOGY LIMITED

Part of Grey Technology Holding Limited group

Grey Technology Limited made £34.4m revenue and £1.9m profit in the year to 30 Nov 2022.

Grey Technology Limited’s revenue fell 47% to £34.4m in the year to 30 Nov 2022, with £1.9m profit and 161 employees. The company is classified under “engineering design activities for industrial process and production” and is based in Worcester; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71121Engineering design activities for industrial process and production

Status: Active
Location: Worcester, West Midlands
Age: 24 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.

Latest accounts · year to 30 Nov 2022

Key figures

Capital-light

Revenue

£34.4m

Growth ▼47.2%

Profit

£1.9m

Growth ▼81.5%

Profit margin

5.6%

Gross 42.7%

Employees

161

Change ▼19.1%

Profit / employee

£11.9k

Revenue/employee £213k

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	30 Nov 2021	30 Nov 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£65.1m	£34.4m
Cost of sales	£33.8m	£19.7m
Gross profit	£31.3m	£14.7m
Operating profit	£12.6m	£1.1m
Profit before tax	£12.7m	£587k
Profit after tax	£10.4m	£1.9m
Profit (best available)	£10.4m	£1.9m
Staff costs	£5.5m	£4.7m
Employees (average)	199	161
Ratios
Profit margin	15.9%	5.6%
Gross margin	48.1%	42.7%
Revenue per employee	£327k	£213k
Profit per employee	£52.1k	£11.9k
Growth (year on year)
Revenue growth	—	▼47.2%
Profit growth	—	▼81.5%
Headcount growth	—	▼19.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£35.7m	£30.2m
Net assets	£45m	£47m
Fixed assets	£655k	£804k
Current assets	£56.3m	£52.3m
Debtors	£6.7m	£4.2m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 5.6%; Profit ÷ revenue.
Gross margin: 42.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £213k; Revenue ÷ average employees.
Profit per employee: £11.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.1%; 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 £47m
Cash at bank: ▼15%; Now £30.2m
Headcount: ▼19%; Now 161
Deferred income: —; Now —
Fixed assets: ▲23%; Now £804k

Corporate ownership

Group structure

Ownership chain

Grey Technology Holding Limitedultimate parent75–100%
Grey Technology 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 accounts for the year to 30 Nov 2022 (profit £1.9m), from the Companies House accounts bulk data published Dec 2023. 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.