Gillman Electrical Group Limited
Registered name: GILLMAN ELECTRICAL GROUP LIMITED
Gillman Electrical Group Limited made £14.5m revenue and £529k profit in the year to 31 Dec 2024. read from filing text
Gillman Electrical Group Limited’s revenue grew 7% to £14.5m in the year to 31 Dec 2024, with £529k profit and 87 employees. The company is classified under “activities of head offices” and is based in Gloucester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Gloucester, South West
- Age
- 14 yrs · since 2012
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £13.6m | £14.5m |
| Cost of sales | — | — | £8.5m | £8.8m |
| Gross profit | — | — | £5.1m | £5.7m |
| Operating profit | — | — | £692k | £706k |
| Profit before tax | — | — | £687k | £694k |
| Profit after tax | £2.7m | £1.1m | £494k | £529k |
| Profit (best available) | £2.7m | £1.1m | £494k | £529k |
| Employees (average) | 201 | 112 | 83 | 87 |
| Ratios | ||||
| Profit margin | — | — | 3.6% | 3.6% |
| Gross margin | — | — | 37.5% | 39% |
| Revenue per employee | — | — | £164k | £167k |
| Profit per employee | £13.5k | £9.9k | £6k | £6.1k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲6.7% |
| Profit growth | — | ▼58.9% | ▼55.6% | ▲7% |
| Headcount growth | — | ▼44.3% | ▼25.9% | ▲4.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £0 | £2.7m | £2.7m | £1.7m |
| Net assets | £3.1m | £14.3m | £14m | £13.8m |
| Fixed assets | £9.1m | £3.6m | £3.8m | £3.8m |
| Current assets | £358k | £11.1m | £11.2m | £11.2m |
| Debtors | £0 | £0 | £0 | £0 |
| Source | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 3.6%
- Profit ÷ revenue.
- Gross margin
- 39%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £167k
- Revenue ÷ average employees.
- Profit per employee
- £6.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 26.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▼1%
- Now £13.8m
- Cash at bank
- ▼37%
- Now £1.7m
- Headcount
- ▲5%
- Now 87
- Deferred income
- —
- Now —
- Fixed assets
- 0%
- Now £3.8m
Group structure
Subsidiaries (3)
- Gillmans Electrical LimitedRev. £14.5m · Profit £751k
- Bira (UK) LimitedFigures not disclosed
- Danube UK LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £529k), 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.