How much does Kovara Projects Limited make?

Kovara Projects Limited reported revenue of £17.4m and £2.2m profit in the year to 31 Jul 2025, according to its accounts filed at Companies House.

How many employees does Kovara Projects Limited have?

Kovara Projects Limited reported an average of 38 employees in the year to 31 Jul 2025.

Is Kovara Projects Limited profitable?

Yes — Kovara Projects Limited reported a profit of £2.2m in the year to 31 Jul 2025.

Company No. 05177155 · Incorporated 12 Jul 2004

Kovara Projects Limited

Registered name: KOVARA PROJECTS LIMITED

Part of Kovara Holdings Limited group

Kovara Projects Limited made £17.4m revenue and £2.2m profit in the year to 31 Jul 2025. read from filing text

Kovara Projects Limited’s revenue fell 2% to £17.4m in the year to 31 Jul 2025, with £2.2m profit and 38 employees. The company is classified under “other specialised construction activities” and is based in Wallingford; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.

Status: Active
Location: Wallingford, South East
Age: 22 yrs · since 2004
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 company is under the control of Mr and Mrs P Lucy who own 100% of the issued shares.”

Latest accounts · year to 31 Jul 2025

Key figures

Capital-lightBoring industryCash flow filed

Revenue

£17.4m

Growth ▼2.2%

Profit

£2.2m

Growth ▲79%

Profit margin

12.7%

Gross 36.5%

Employees

Change ▼2.6%

Profit / employee

£58.2k

Revenue/employee £458k

Profitable streak

4yrs

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 Jul 2022	31 Jul 2023	31 Jul 2024	31 Jul 2025
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£16.2m	£20.4m	£17.8m	£17.4m
Cost of sales	£13.9m	£16.9m	£12.9m	£11.1m
Gross profit	£2.3m	£3.5m	£4.9m	£6.3m
Operating profit	£248k	£882k	£1.7m	£3.1m
Profit before tax	£242k	£877k	£1.7m	£3.1m
Profit after tax	£210k	£641k	£1.2m	£2.2m
Profit (best available)	£210k	£641k	£1.2m	£2.2m
Staff costs	£2m	£2.3m	£2.8m	£2.8m
Employees (average)	36	38	39	38
Ratios
Profit margin	1.3%	3.1%	7%	12.7%
Gross margin	14.2%	17.1%	27.6%	36.5%
Revenue per employee	£451k	£538k	£456k	£458k
Profit per employee	£5.8k	£16.9k	£31.7k	£58.2k
Cash conversion	−262.4%	2.6%	−158.1%	−85.5%
Growth (year on year)
Revenue growth	—	▲25.8%	▼12.9%	▼2.2%
Profit growth	—	▲205.6%	▲93%	▲79%
Headcount growth	—	▲5.6%	▲2.6%	▼2.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.3m	£967k	£3.1m	£2.8m
Net assets	£2.5m	£3m	£4.1m	£6.6m
Fixed assets	£214k	£236k	£173k	£166k
Current assets	£5.3m	£6.6m	£6.8m	£10m
Debtors	£371k	£461k	£60.6k	£208k
Deferred income	£106k	£20.6k	£186k	£850k
Cash from operations	−£652k	£23k	−£2.7m	−£2.6m
Source	Accounts · bulk data Apr 2024	Accounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 12.7%; Profit ÷ revenue.
Gross margin: 36.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £458k; Revenue ÷ average employees.
Profit per employee: £58.2k; Profit ÷ average employees.
Cash conversion: −85.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.2%; 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: ▲62%; Now £6.6m
Cash at bank: ▼11%; Now £2.8m
Headcount: ▼3%; Now 38
Deferred income: ▲357%; Now £850k
Fixed assets: ▼4%; Now £166k

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

Kovara Holdings Limitedultimate parent75–100%
Kovara Projects 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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £2.2m), from the Companies House accounts bulk data published Feb 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.