How much does Tev Limited make?

Tev Limited reported revenue of £7.6m and a loss of £241k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Tev Limited have?

Tev Limited reported an average of 51 employees in the year to 31 Dec 2024.

Is Tev Limited profitable?

No — Tev Limited reported a loss of £241k in the year to 31 Dec 2024.

Company No. 04865581 · Incorporated 13 Aug 2003

Tev Limited

Registered name: TEV LIMITED

Part of Loco2s Holdings Limited group

Tev Limited made £7.6m revenue and a £241k loss in the year to 31 Dec 2024. read from filing text

Tev Limited’s revenue grew 9% to £7.6m in the year to 31 Dec 2024, with a loss of £241k and 51 employees. The company is classified under “manufacture of non-domestic cooling and ventilation equipment” and is based in Bradford; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28250Manufacture of non-domestic cooling and ventilation equipment

Status: Active
Location: Bradford, Yorkshire and The Humber
Age: 23 yrs · since 2003
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 immediate parent company is Thermal Energy Ventures Limited.”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightDoing more with less

Revenue

£7.6m

Growth ▲9%

Profit

−£241k

Growth ▼3522%

Profit margin

−3.2%

Gross 37.6%

Employees

Change ▼10.5%

Profit / employee

−£4.7k

Revenue/employee £149k

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.

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)	£10.6m	£7m	£7.6m
Cost of sales	£7m	£4.4m	£4.7m
Gross profit	£3.6m	£2.6m	£2.9m
Operating profit	£313k	−£14.4k	−£130k
Profit before tax	£199k	−£178k	−£264k
Profit after tax	£296k	£7k	−£241k
Profit (best available)	£296k	£7k	−£241k
Staff costs	£2.6m	£2.3m	£2m
Employees (average)	73	57	51
Ratios
Profit margin	2.8%	0.1%	−3.2%
Gross margin	34.1%	36.9%	37.6%
Revenue per employee	£146k	£122k	£149k
Profit per employee	£4.1k	£123	−£4.7k
Growth (year on year)
Revenue growth	—	▼34.4%	▲9%
Profit growth	—	▼97.6%	▼3522%
Headcount growth	—	▼21.9%	▼10.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£57.1k	£36.5k	£38k
Net assets	£5.1m	£5.1m	£4.8m
Fixed assets	£270k	£266k	£294k
Current assets	£9m	£7.8m	£7.2m
Debtors	£2m	£1.2m	£1.1m
Deferred income	£273k	£97k	£184k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: −3.2%; Profit ÷ revenue.
Gross margin: 37.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £149k; Revenue ÷ average employees.
Profit per employee: −£4.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.1%; 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: ▼5%; Now £4.8m
Cash at bank: ▲4%; Now £38k
Headcount: ▼11%; Now 51
Deferred income: ▲89%; Now £184k
Fixed assets: ▲10%; Now £294k

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

Loco2s Holdings Limitedultimate parent75–100%
Tev Holdings Limited75–100%
Thermal Energy Ventures Limited75–100%
Tev Limitedthis company

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

Sister companies (3)

Heatking LimitedFigures not disclosed
Marstair LimitedFigures not disclosed
Quartz LimitedFigures not disclosed

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 Dec 2024 (profit −£241k), from the Companies House accounts bulk data published Jul 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.