How much does GB Electrical and Building Services Ltd make?

GB Electrical and Building Services Ltd reported revenue of £19.1m and £3.6m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does GB Electrical and Building Services Ltd have?

GB Electrical and Building Services Ltd reported an average of 108 employees in the year to 31 Dec 2024.

Is GB Electrical and Building Services Ltd profitable?

Yes — GB Electrical and Building Services Ltd reported a profit of £3.6m in the year to 31 Dec 2024.

Company No. 05392639 · Incorporated 15 Mar 2005

GB Electrical and Building Services Ltd

Registered name: GB ELECTRICAL AND BUILDING SERVICES LTD

Part of Qubic Trustees Ltd group

GB Electrical and Building Services Ltd made £19.1m revenue and £3.6m profit in the year to 31 Dec 2024.

GB Electrical and Building Services Ltd’s revenue fell 36% to £19.1m in the year to 31 Dec 2024, with £3.6m profit and 108 employees. The company is classified under “electrical installation” and is based in Hereford; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43210Electrical installation SIC 43220Plumbing, heat and air-conditioning installation SIC 43290Other construction installation SIC 43320Joinery installation

Status: Active
Location: Hereford, West Midlands
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.

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightBoring industryCash flow filed

Revenue

£19.1m

Growth ▼35.7%

Profit

£3.6m

Growth ▼35.6%

Profit margin

18.7%

Gross 35.2%

Employees

108

Change ▼5.3%

Profit / employee

£33.1k

Revenue/employee £177k

Profitable streak

3yrs

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&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£21.2m	£29.8m	£19.1m
Cost of sales	£13.7m	£20.6m	£12.4m
Gross profit	£7.4m	£9.2m	£6.7m
Operating profit	£5.2m	£7.3m	£4.8m
Profit before tax	£5.2m	£7.3m	£4.8m
Profit after tax	£4.2m	£5.6m	£3.6m
Profit (best available)	£4.2m	£5.6m	£3.6m
Staff costs	£4m	£4.1m	£3.8m
Employees (average)	104	114	108
Ratios
Profit margin	19.9%	18.7%	18.7%
Gross margin	35%	30.9%	35.2%
Revenue per employee	£203k	£261k	£177k
Profit per employee	£40.5k	£48.8k	£33.1k
Cash conversion	−63.9%	−84.5%	−73.5%
Growth (year on year)
Revenue growth	—	▲40.8%	▼35.7%
Profit growth	—	▲31.8%	▼35.6%
Headcount growth	—	▲9.6%	▼5.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£2.1m	£1m
Net assets	£2.6m	£4.5m	£5m
Fixed assets	£515k	£972k	£860k
Current assets	£4.4m	£7.3m	£6.8m
Debtors	£864k	£3m	£863k
Deferred income	£235k	£282k	£210k
Cash from operations	−£3.3m	−£6.2m	−£3.6m
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: 18.7%; Profit ÷ revenue.
Gross margin: 35.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £177k; Revenue ÷ average employees.
Profit per employee: £33.1k; Profit ÷ average employees.
Cash conversion: −73.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.5%; 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: ▲10%; Now £5m
Cash at bank: ▼51%; Now £1m
Headcount: ▼5%; Now 108
Deferred income: ▼25%; Now £210k
Fixed assets: ▼12%; Now £860k

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

Qubic Trustees Ltdultimate parent75–100%
Qubic Associate Group Limited75–100%
Qubic Trustees Ltd75–100%
GB Corporate Holdings Limited75–100%
GB Electrical and Building Services Ltdthis company

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

Sister companies (2)

GB Group (Corporate) LimitedFigures not disclosed
GB Home Adaptations LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £3.6m), 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.