Teledyne Raymarine UK Limited
Registered name: TELEDYNE RAYMARINE UK LIMITED
Part of Teledyne Technologies Incorporated groupTeledyne Raymarine UK Limited made £141m revenue and £21.7m profit in the year to 29 Dec 2024.
Teledyne Raymarine UK Limited’s revenue grew 46% to £141m in the year to 29 Dec 2024, with £21.7m profit and 186 employees. The company is classified under “manufacture of electronic measuring, testing etc. equipment, not for industrial process control” and is based in Fareham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Fareham
- Age
- 23 yrs · since 2002
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 29 Dec 2023 | 31 Dec 2023 | 29 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £67.7m | £96.5m | £96.5m | £141m |
| Cost of sales | £0 | −£39.7m | −£39.7m | −£74.8m |
| Gross profit | £67.7m | £56.8m | £56.8m | £66.4m |
| Operating profit | £20.1m | £8.8m | £8.8m | £15.9m |
| Profit before tax | £8.1m | £9.4m | £9.4m | £26.7m |
| Profit after tax | £6.6m | £6.7m | £6.7m | £21.7m |
| Profit (best available) | £6.6m | £6.7m | £6.7m | £21.7m |
| Employees (average) | 191 | 191 | 191 | 186 |
| Ratios | ||||
| Profit margin | 9.8% | 7% | 7% | 15.3% |
| Gross margin | 100% | 58.8% | 58.8% | 47% |
| Revenue per employee | £354k | £505k | £505k | £759k |
| Profit per employee | £34.6k | £35.2k | £35.2k | £117k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲42.5% | — | ▲46.3% |
| Profit growth | — | ▲1.8% | — | ▲222.3% |
| Headcount growth | — | 0% | — | ▼2.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Jan 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Jan 2025 | Accounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 15.3%
- Profit ÷ revenue.
- Gross margin
- 47%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £759k
- Revenue ÷ average employees.
- Profit per employee
- £117k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼3%
- Now 186
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Teledyne Technologies Incorporated (registered outside the UK register)ultimate parent75–100%
- Rhombi Holdings Limited75–100%
- Teledyne Raymarine UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (10)
- DD-Scientific Holdings LimitedRev. £10.2m · Profit £1.9m
- Gmi Group Holdings LimitedFigures not disclosed
- Lightsource Holdco LimitedLiquidationFigures not disclosed
- Qioptiq LimitedFigures not disclosed
- Rihl LimitedFigures not disclosed
- Teledyne C.M.L. Group LimitedFigures not disclosed
- Teledyne Gas Measurement Instruments LimitedFigures not disclosed
- Teledyne Labtech LimitedFigures not disclosed
- Teledyne UK LimitedFigures not disclosed
- Teledyne Valeport Holdings 2019 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 29 Dec 2024 (profit £21.7m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.