Knowles Construction Ltd
Registered name: KNOWLES CONSTRUCTION LTD
Part of Knowles Holdings Limited groupKnowles Construction Ltd made £67.4m revenue and £2.5m profit in the year to 31 Oct 2024.
Knowles Construction Ltd’s revenue fell 32% to £67.4m in the year to 31 Oct 2024, with £2.5m profit and 35 employees. The company is classified under “other specialised construction 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 Oct 2021 | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £37.3m | £76.4m | £99.4m | £67.4m |
| Cost of sales | £31.7m | £69.5m | £92.7m | £63.8m |
| Gross profit | £5.6m | £6.9m | £6.7m | £3.6m |
| Operating profit | £3.6m | £4.8m | £3.9m | £2.4m |
| Profit before tax | £2.1m | £2.1m | £3.8m | £2.5m |
| Profit after tax | £1.7m | £1.8m | £3.2m | £2.5m |
| Profit (best available) | £1.7m | £1.8m | £3.2m | £2.5m |
| Staff costs | £1.7m | £2.4m | — | — |
| Employees (average) | 28 | 38 | 36 | 35 |
| Ratios | ||||
| Profit margin | 4.6% | 2.4% | 3.3% | 3.8% |
| Gross margin | 15.1% | 9% | 6.8% | 5.3% |
| Revenue per employee | £1.3m | £2m | £2.8m | £1.9m |
| Profit per employee | £61.7k | £47.6k | £89.7k | £72.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲104.7% | ▲30.1% | ▼32.2% |
| Profit growth | — | ▲4.8% | ▲78.3% | ▼21.6% |
| Headcount growth | — | ▲35.7% | ▼5.3% | ▼2.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.2m | £6.3m | £8.1m | £5.1m |
| Net assets | £11.3m | £12.2m | £14.7m | £11m |
| Fixed assets | £182k | £177k | £180k | £264k |
| Current assets | £21.4m | £26.8m | £29.3m | £21.9m |
| Debtors | £920k | £1.2m | £1.4m | £2.3m |
| Deferred income | £4.1m | £2.8m | £3.8m | £33.7k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | Accounts · bulk data Jun 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 3.8%
- Profit ÷ revenue.
- Gross margin
- 5.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.9m
- Revenue ÷ average employees.
- Profit per employee
- £72.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.4%
- 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
- 3.4%
- 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
- ▼25%
- Now £11m
- Cash at bank
- ▼37%
- Now £5.1m
- Headcount
- ▼3%
- Now 35
- Deferred income
- ▼99%
- Now £33.7k
- Fixed assets
- ▲47%
- Now £264k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Knowles Holdings Limitedultimate parent75–100%
- Knowles Construction Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (6)
- Autocave LimitedFigures not disclosed
- K Piling LimitedFigures not disclosed
- K Plant Hire LimitedFigures not disclosed
- Knowles Land LimitedFigures not disclosed
- Knowles Property Group 2 LimitedFigures not disclosed
- Knowles Property Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Sarens (UK) LtdMiddlesbrough · Other specialised construction activities n.e.c.
- Revenue
- £67.4m
- Profit
- £1.9m
- Staff
- 227
- Aptus Utilities LimitedBolton · Other specialised construction activities n.e.c.
- Revenue
- £66.8m
- Profit
- £1.9m
- Staff
- 306
- WJ North LimitedNewcastle Under Lyme · Other specialised construction activities n.e.c.
- Revenue
- £68.3m
- Profit
- £8.1m
- Staff
- 217
- Thames Reinforcements LimitedBorehamwood · Other specialised construction activities n.e.c.
- Revenue
- £65.5m
- Profit
- £693k
- Staff
- 133
- Stanford Industrial Concrete Flooring LimitedWest Midlands · Other specialised construction activities n.e.c.
- Revenue
- £69.6m
- Profit
- £6.9m
- Staff
- 60
- P.n.daly LimitedRochdale · Other specialised construction activities n.e.c.
- Revenue
- £65m
- Profit
- £5.6m
- Staff
- 583
Sources
Latest figures from FullAccounts for the year to 31 Oct 2024 (profit £2.5m), from the Companies House accounts bulk data published Oct 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.