Ofp Timber Framed Homes Ltd
Registered name: OFP TIMBER FRAMED HOMES LTD
Part of Chartway Partnerships Group Limited groupOfp Timber Framed Homes Ltd made £13.6m revenue and £513k profit in the year to 31 Dec 2023.
Ofp Timber Framed Homes Ltd’s revenue was £13.6m in the year to 31 Dec 2023, with £513k profit and 79 employees. The company is classified under “manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials” and is based in Kings Hill; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Kings Hill, South East
- Age
- 21 yrs · since 2005
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £16.8m | £13.6m |
| Cost of sales | £13.9m | £10.6m |
| Gross profit | £2.9m | £3.1m |
| Operating profit | £866k | £389k |
| Profit before tax | £799k | £301k |
| Profit after tax | £632k | £513k |
| Profit (best available) | £632k | £513k |
| Staff costs | £1.6m | £2.4m |
| Employees (average) | 88 | 79 |
| Ratios | ||
| Profit margin | 3.8% | 3.8% |
| Gross margin | 17.4% | 22.4% |
| Revenue per employee | £191k | £173k |
| Profit per employee | £7.2k | £6.5k |
| Cash conversion | 91.6% | 77.2% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £123k | £312 |
| Net assets | £1.3m | £1.5m |
| Fixed assets | £4.1m | £4.1m |
| Current assets | £5.2m | £3.9m |
| Debtors | £2.9m | £2.4m |
| Deferred income | £1.7m | £1.9m |
| Cash from operations | £794k | £301k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 3.8%
- Profit ÷ revenue.
- Gross margin
- 22.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £173k
- Revenue ÷ average employees.
- Profit per employee
- £6.5k
- Profit ÷ average employees.
- Cash conversion
- 77.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 30%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 13.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.9%
- 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 £1.5m
- Cash at bank
- —
- Now £312
- Headcount
- —
- Now 79
- Deferred income
- —
- Now £1.9m
- Fixed assets
- —
- Now £4.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Chartway Partnerships Group Limitedultimate parent75–100%
- Chartway Partnerships Finco Limited75–100%
- Chartway Cleanco Limited75–100%
- Chartway Bidco Limited75–100%
- Chartway Group Holdings Limited75–100%
- Chartway Group Limited75–100%
- Ofp Timber Framed Homes Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (7)
- Chartway Building Supplies Holdings LimitedFigures not disclosed
- Chartway Civil Engineering LimitedFigures not disclosed
- Chartway Partnerships (Southern) LimitedFigures not disclosed
- Chartway Partnerships LimitedFigures not disclosed
- Chartway Property Management LimitedFigures not disclosed
- Friday Street Farm Developments LimitedFigures not disclosed
- Westerhill Homes LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £513k), from the Companies House accounts bulk data published Dec 2024. 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.