Heyne Tillett Steel Ltd
Registered name: HEYNE TILLETT STEEL LTD
Part of HTS Employee Trustee Limited groupHeyne Tillett Steel Ltd made £22.3m revenue and £3.2m profit in the year to 31 Mar 2025.
Heyne Tillett Steel Ltd’s revenue grew 2% to £22.3m in the year to 31 Mar 2025, with £3.2m profit and 187 employees. The company is classified under “other engineering activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 16 yrs · since 2010
- 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 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £15.1m | £20.5m | £21.9m | £22.3m |
| Cost of sales | £6.8m | £7.9m | £8.9m | £9.7m |
| Gross profit | £8.3m | £12.5m | £13m | £12.6m |
| Operating profit | £2.6m | £5.1m | £4.8m | £4.1m |
| Profit before tax | £2.7m | £5.1m | £4.9m | £4.2m |
| Profit after tax | £2.5m | £4.7m | £4.1m | £3.2m |
| Profit (best available) | £2.5m | £4.7m | £4.1m | £3.2m |
| Employees (average) | 136 | 160 | 182 | 187 |
| Ratios | ||||
| Profit margin | 16.3% | 22.8% | 18.8% | 14.2% |
| Gross margin | 54.8% | 61.3% | 59.4% | 56.5% |
| Revenue per employee | £111k | £128k | £120k | £119k |
| Profit per employee | £18.2k | £29.1k | £22.5k | £17k |
| Cash conversion | −256.6% | −72.9% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲35.2% | ▲6.8% | ▲2.2% |
| Profit growth | — | ▲88.3% | ▼11.9% | ▼22.4% |
| Headcount growth | — | ▲17.6% | ▲13.8% | ▲2.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.1m | £1.8m | — | — |
| Net assets | £5.9m | £8.7m | — | — |
| Fixed assets | £920k | £850k | — | — |
| Current assets | £6.4m | £8.8m | — | — |
| Debtors | £4.2m | £5.5m | — | — |
| Deferred income | £922k | £839k | — | — |
| Cash from operations | −£6.8m | −£3.7m | — | — |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | Accounts · bulk data Dec 2024 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 14.2%
- Profit ÷ revenue.
- Gross margin
- 56.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £119k
- Revenue ÷ average employees.
- Profit per employee
- £17k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▲3%
- Now 187
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- HTS Employee Trustee Limitedultimate parent75–100%
- Heyne Tillett Steel Ltdthis 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
Latest figures from accounts for the year to 31 Mar 2025 (profit £3.2m), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.
Updated from Companies House on 14 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.