How much does Etec Contract Services Limited make?

Etec Contract Services Limited reported revenue of £30.3m and £886k profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Etec Contract Services Limited have?

Etec Contract Services Limited reported an average of 96 employees in the year to 31 Mar 2024.

Is Etec Contract Services Limited profitable?

Yes — Etec Contract Services Limited reported a profit of £886k in the year to 31 Mar 2024.

Company No. 05392794 · Incorporated 15 Mar 2005

Etec Contract Services Limited

Registered name: ETEC CONTRACT SERVICES LIMITED

Etec Contract Services Limited made £30.3m revenue and £886k profit in the year to 31 Mar 2024.

Etec Contract Services Limited’s revenue was £30.3m in the year to 31 Mar 2024, with £886k profit and 96 employees. The company is classified under “construction of commercial buildings” and is based in South Woodford; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41201Construction of commercial buildings SIC 41202Construction of domestic buildings

Status: Active
Location: South Woodford, London
Age: 21 yrs · since 2005
Type: Private Limited Company

Latest accounts · year to 31 Mar 2024

Key figures

IndependentCapital-lightOperating leverageCash flow filed

Revenue

£30.3m

Growth ▲0.2%

Profit

£886k

Growth ▲191.4%

Profit margin

2.9%

Gross 7.2%

Employees

Change ▲31.5%

Profit / employee

£9.2k

Revenue/employee £316k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£30.3m	£30.3m
Cost of sales	£26.2m	£28.1m
Gross profit	£4.1m	£2.2m
Operating profit	£2m	£589k
Profit before tax	£309k	£886k
Profit after tax	£304k	£886k
Profit (best available)	£304k	£886k
Employees (average)	73	96
Ratios
Profit margin	1%	2.9%
Gross margin	13.5%	7.2%
Revenue per employee	£415k	£316k
Profit per employee	£4.2k	£9.2k
Cash conversion	−186.9%	168.8%
Growth (year on year)
Revenue growth	—	▲0.2%
Profit growth	—	▲191.4%
Headcount growth	—	▲31.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.9m	£3.6m
Net assets	£2.8m	£3.6m
Fixed assets	£76.3k	£88.7k
Current assets	£14.9m	£13.3m
Debtors	£5.9m	£5.9m
Deferred income	£102k	£25.5k
Cash from operations	−£3.7m	£994k
Source	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Jan 2025

Derived from the latest filing

How the business works

Profit margin: 2.9%; Profit ÷ revenue.
Gross margin: 7.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £316k; Revenue ÷ average employees.
Profit per employee: £9.2k; Profit ÷ average employees.
Cash conversion: 168.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.3%; 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: ▲28%; Now £3.6m
Cash at bank: ▼26%; Now £3.6m
Headcount: ▲32%; Now 96
Deferred income: ▼75%; Now £25.5k
Fixed assets: ▲16%; Now £88.7k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £886k), from the Companies House accounts bulk data published Jan 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.