How much does Hubbard Products Limited make?

Hubbard Products Limited reported revenue of £23.1m and a loss of £771k in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Hubbard Products Limited have?

Hubbard Products Limited reported an average of 170 employees in the year to 31 Mar 2025.

Is Hubbard Products Limited profitable?

No — Hubbard Products Limited reported a loss of £771k in the year to 31 Mar 2025.

Company No. 06217134 · Incorporated 18 Apr 2007

Hubbard Products Limited

Registered name: HUBBARD PRODUCTS LIMITED

Part of Daikin Industries Limited group

Hubbard Products Limited made £23.1m revenue and a £771k loss in the year to 31 Mar 2025. read from filing text

Hubbard Products Limited’s revenue grew 6% to £23.1m in the year to 31 Mar 2025, with a loss of £771k and 170 employees. The company is classified under “manufacture of non-domestic cooling and ventilation equipment” and is based in Ipswich; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28250Manufacture of non-domestic cooling and ventilation equipment

Status: Active
Location: Ipswich, East of England
Age: 19 yrs · since 2007
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 Zanotti Spa, a company registered in Italy. The company is under the control of an intermediate parent company Daikin Europe NV which is the smallest group to consolida”

Latest accounts · year to 31 Mar 2025

Key figures

Doing more with less

Revenue

£23.1m

Growth ▲6.1%

Profit

−£771k

Growth —

Profit margin

−3.3%

Gross 18%

Employees

170

Change ▼8.6%

Profit / employee

−£4.5k

Revenue/employee £136k

Profitable streak

0yrs

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£19.9m	£22.9m	£21.8m	£23.1m
Cost of sales	£19.6m	£20.5m	£19.3m	£18.9m
Gross profit	£285k	£2.4m	£2.5m	£4.2m
Operating profit	−£3.6m	−£2m	−£2.2m	−£141k
Profit before tax	−£3.7m	−£2.6m	−£3.7m	−£1.8m
Profit after tax	−£3.7m	−£2.6m	−£3.1m	−£771k
Profit (best available)	−£3.7m	−£2.6m	−£3.1m	−£771k
Employees (average)	179	182	186	170
Ratios
Profit margin	−18.6%	−11.5%	−14.5%	−3.3%
Gross margin	1.4%	10.6%	11.4%	18%
Revenue per employee	£111k	£126k	£117k	£136k
Profit per employee	−£20.7k	−£14.4k	−£16.9k	−£4.5k
Growth (year on year)
Revenue growth	—	▲14.9%	▼5%	▲6.1%
Headcount growth	—	▲1.7%	▲2.2%	▼8.6%
Balance sheet — indirect signals, not revenue
Net assets	−£9.4m	−£12m	−£14.3m	−£15.1m
Fixed assets	£6m	£5.8m	£5.3m	£4.8m
Current assets	£10.7m	£12.1m	£10.7m	£11m
Debtors	£4.4m	£4.1m	£2.9m	£3.8m
Deferred income	£760k	£843k	£646k	—
Cash from operations	£105k	£4.9m	—	—
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data May 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −3.3%; Profit ÷ revenue.
Gross margin: 18%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £136k; Revenue ÷ average employees.
Profit per employee: −£4.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 21%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.5%; 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: —; Now −£15.1m
Cash at bank: —; Now —
Headcount: ▼9%; Now 170
Deferred income: —; Now —
Fixed assets: ▼9%; Now £4.8m

Corporate ownership

Group structure

Ownership chain

Daikin Industries Limited (registered outside the UK register)ultimate parent75–100%
Hubbard Products 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£771k), from the Companies House accounts bulk data published Dec 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.