How much does Tew Plus Limited make?

Tew Plus Limited reported revenue of £18.1m and £228k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Tew Plus Limited have?

Tew Plus Limited reported an average of 37 employees in the year to 31 Dec 2024.

Is Tew Plus Limited profitable?

Yes — Tew Plus Limited reported a profit of £228k in the year to 31 Dec 2024.

Company No. 05858025 · Incorporated 26 Jun 2006

Tew Plus Limited

Registered name: TEW PLUS LIMITED

Part of L.B. Foster Rail Technologies (UK) Limited group

Tew Plus Limited made £18.1m revenue and £228k profit in the year to 31 Dec 2024. read from filing text

Tew Plus Limited’s revenue grew 57% to £18.1m in the year to 31 Dec 2024, with £228k profit and 37 employees. The company is classified under “wired telecommunications activities” and is based in Newcastle Upon Tyne; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61100Wired telecommunications activities SIC 61200Wireless telecommunications activities SIC 61900Other telecommunications activities

Status: Active
Location: Newcastle Upon Tyne, North East
Age: 20 yrs · since 2006
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”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightDoing more with less

Revenue

£18.1m

Growth ▲57%

Profit

£228k

Growth —

Profit margin

1.3%

Gross 12.1%

Employees

Change ▼5.1%

Profit / employee

£6.2k

Revenue/employee £488k

Profitable streak

1yr

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)	£16.6m	£11.5m	£18.1m
Cost of sales	£16.8m	£15.9m	£15.9m
Gross profit	−£128k	−£4.4m	£2.2m
Operating profit	−£2.3m	−£8.9m	£228k
Profit before tax	−£2.3m	−£8.9m	£228k
Profit after tax	−£2.2m	−£8.9m	£228k
Profit (best available)	−£2.2m	−£8.9m	£228k
Staff costs	£2.1m	£1.9m	£1.5m
Employees (average)	44	39	37
Ratios
Profit margin	−13.3%	−77%	1.3%
Gross margin	−0.8%	−38.2%	12.1%
Revenue per employee	£378k	£295k	£488k
Profit per employee	−£50.4k	−£227k	£6.2k
Growth (year on year)
Revenue growth	—	▼30.8%	▲57%
Headcount growth	—	▼11.4%	▼5.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£38.4k	£0	—
Net assets	£9.1m	£271k	£499k
Fixed assets	£0	£0	£4.4k
Current assets	£18.5m	£13.1m	£8.8m
Debtors	£1.1m	£933k	£2m
Deferred income	£1.6m	£3.3m	£598k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 1.3%; Profit ÷ revenue.
Gross margin: 12.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £488k; Revenue ÷ average employees.
Profit per employee: £6.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.1%; 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: ▲84%; Now £499k
Cash at bank: —; Now —
Headcount: ▼5%; Now 37
Deferred income: ▼82%; Now £598k
Fixed assets: —; Now £4.4k

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

L.B. Foster Rail Technologies (UK) Limitedultimate parent75–100%
Tew Engineering Limited75–100%
Tew Plus 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 Dec 2024 (profit £228k), from the Companies House accounts bulk data published Sep 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.