How much does Ship IT Appliances Limited make?

Ship IT Appliances Limited reported revenue of £17.5m and a loss of £1m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ship IT Appliances Limited have?

Ship IT Appliances Limited reported an average of 11 employees in the year to 31 Dec 2024.

Is Ship IT Appliances Limited profitable?

No — Ship IT Appliances Limited reported a loss of £1m in the year to 31 Dec 2024.

Company No. 07705721 · Incorporated 14 Jul 2011

Ship IT Appliances Limited

Registered name: SHIP IT APPLIANCES LIMITED

Part of For Everyone Group Ltd group

Ship IT Appliances Limited made £17.5m revenue and a £1m loss in the year to 31 Dec 2024.

Ship IT Appliances Limited’s revenue fell 8% to £17.5m in the year to 31 Dec 2024, with a loss of £1m and 11 employees. The company is classified under “retail sale via mail order houses or via internet” and is based in Salford; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47910Retail sale via mail order houses or via Internet

Status: Active
Location: Salford, North West
Age: 15 yrs · since 2011
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.

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£17.5m

Growth ▼8.4%

Profit

−£1m

Growth —

Profit margin

−5.9%

Gross 31.8%

Employees

Change ▼47.6%

Profit / employee

−£93.7k

Revenue/employee £1.6m

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 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£13.1m	£19.1m	£17.5m
Cost of sales	—	£9.2m	£14.8m	£11.9m
Gross profit	—	£3.9m	£4.3m	£5.6m
Operating profit	—	−£1.1m	−£2.2m	−£1m
Profit before tax	—	−£1.1m	−£2.3m	−£1m
Profit after tax	—	−£891k	−£2.4m	−£1m
Profit (best available)	—	−£891k	−£2.4m	−£1m
Staff costs	—	£821k	£730k	£574k
Employees (average)	26	19	21	11
Ratios
Profit margin	—	−6.8%	−12.6%	−5.9%
Gross margin	—	29.6%	22.6%	31.8%
Revenue per employee	—	£691k	£912k	£1.6m
Profit per employee	—	−£46.9k	−£115k	−£93.7k
Growth (year on year)
Revenue growth	—	—	▲45.8%	▼8.4%
Headcount growth	—	▼26.9%	▲10.5%	▼47.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£114k	£194k	£92.2k	£251k
Net assets	−£163k	−£860k	−£3.5m	−£4.5m
Fixed assets	£276k	£285k	£203k	£172k
Current assets	£3.4m	£5.3m	£5.7m	£5.5m
Debtors	£89.6k	£90.8k	£141k	£376k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −5.9%; Profit ÷ revenue.
Gross margin: 31.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.6m; Revenue ÷ average employees.
Profit per employee: −£93.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.1%; 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: —; Now −£4.5m
Cash at bank: ▲172%; Now £251k
Headcount: ▼48%; Now 11
Deferred income: —; Now —
Fixed assets: ▼15%; Now £172k

Corporate ownership

Group structure

Ownership chain

For Everyone Group Ltdultimate parent75–100%
Ship IT Appliances Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (5)

Oem Appliances LimitedRev. £22.1m · Profit −£945k
Coolmed LimitedFigures not disclosed
Evec LtdFigures not disclosed
Sia Appliances LimitedFigures not disclosed
Xingbang UK LimitedFigures not disclosed

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 Dec 2024 (profit −£1m), 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.