How much does Gel Engineering Limited make?

Gel Engineering Limited reported revenue of £27.3m and £1.5m profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Gel Engineering Limited have?

Gel Engineering Limited reported an average of 150 employees in the year to 31 May 2025.

Is Gel Engineering Limited profitable?

Yes — Gel Engineering Limited reported a profit of £1.5m in the year to 31 May 2025.

Company No. 08032283 · Incorporated 16 Apr 2012

Gel Engineering Limited

Registered name: GEL ENGINEERING LIMITED

Gel Engineering Limited made £27.3m revenue and £1.5m profit in the year to 31 May 2025.

Gel Engineering Limited’s revenue grew 3% to £27.3m in the year to 31 May 2025, with £1.5m profit and 150 employees. The company is classified under “other construction installation” and is based in Enfield; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43290Other construction installation

Status: Active
Location: Enfield, East of England
Age: 14 yrs · since 2012
Type: Private Limited Company

Latest accounts · year to 31 May 2025

Key figures

IndependentCapital-lightBoring industryCash flow filed

Revenue

£27.3m

Growth ▲2.8%

Profit

£1.5m

Growth ▼30.3%

Profit margin

5.6%

Gross 21.8%

Employees

150

Change ▲15.4%

Profit / employee

£10.1k

Revenue/employee £182k

Profitable streak

4yrs

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 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.2m	£22.6m	£26.5m	£27.3m
Cost of sales	£13.4m	£16.5m	£20.6m	£21.3m
Gross profit	£4.8m	£6.1m	£5.9m	£5.9m
Operating profit	£2.4m	£3.1m	£2.2m	£1.7m
Profit before tax	£2.4m	£3.1m	£2.2m	£1.7m
Profit after tax	£2.2m	£2.6m	£2.2m	£1.5m
Profit (best available)	£2.2m	£2.6m	£2.2m	£1.5m
Staff costs	£4.2m	£4.7m	£5.9m	£7.7m
Employees (average)	87	99	130	150
Ratios
Profit margin	11.8%	11.7%	8.2%	5.6%
Gross margin	26.5%	27.1%	22.4%	21.8%
Revenue per employee	£210k	£228k	£204k	£182k
Profit per employee	£24.8k	£26.8k	£16.7k	£10.1k
Cash conversion	59.4%	54.8%	−5.5%	266.9%
Growth (year on year)
Revenue growth	—	▲23.8%	▲17.3%	▲2.8%
Profit growth	—	▲22.9%	▼17.9%	▼30.3%
Headcount growth	—	▲13.8%	▲31.3%	▲15.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.9m	£1.5m	£1.5m	£284k
Net assets	£1.6m	£4.2m	£5.3m	£3.9m
Fixed assets	£1.9m	£2.6m	£2.2m	£1.9m
Current assets	£7.6m	£10.3m	£11.5m	£10.9m
Debtors	£4.9m	£8.1m	£7.1m	£8.5m
Cash from operations	£1.4m	£1.7m	−£121k	£4.6m
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 5.6%; Profit ÷ revenue.
Gross margin: 21.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £182k; Revenue ÷ average employees.
Profit per employee: £10.1k; Profit ÷ average employees.
Cash conversion: 266.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 31.1%; 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: ▼27%; Now £3.9m
Cash at bank: ▼82%; Now £284k
Headcount: ▲15%; Now 150
Deferred income: —; Now —
Fixed assets: ▼12%; Now £1.9m

Corporate ownership

Group structure

Subsidiaries (2)

Lowestoft Offshore Services LimitedRev. £4.3m · Profit £205k
Hydrofast LimitedFigures not disclosed

Minority corporate shareholders

Hartex Limited 25–50%
L C Andrews Limited 25–50%

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 May 2025 (profit £1.5m), from the Companies House accounts bulk data published Jun 2026. 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.