How much does System Locksmiths Limited make?

System Locksmiths Limited reported revenue of £24k and a loss of £585 in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does System Locksmiths Limited have?

System Locksmiths Limited reported an average of 1 employee in the year to 31 Jan 2025.

Is System Locksmiths Limited profitable?

No — System Locksmiths Limited reported a loss of £585 in the year to 31 Jan 2025.

Company No. 08371504 · Incorporated 23 Jan 2013

System Locksmiths Limited

Registered name: SYSTEM LOCKSMITHS LIMITED

System Locksmiths Limited made £24k revenue and a £585 loss in the year to 31 Jan 2025.

System Locksmiths Limited’s revenue grew 153% to £24k in the year to 31 Jan 2025, with a loss of £585 and 1 employee. The company is classified under “repair of personal and household goods” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 95290Repair of personal and household goods n.e.c.

Status: Active
Location: London, London
Age: 13 yrs · since 2013
Type: Private Limited Company

Latest accounts · year to 31 Jan 2025

Key figures

IndependentSmall team

Revenue

£24k

Growth ▲152.6%

Profit

−£585

Growth —

Profit margin

−2.4%

Employees

Change 0%

Profit / employee

−£585

Revenue/employee £24k

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 Jan 2022	31 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£30.5k	£33k	£9.5k	£24k
Profit after tax	−£176	−£351	−£12.8k	−£585
Profit (best available)	−£176	−£351	−£12.8k	−£585
Staff costs	£8.8k	£9.1k	£9.1k	£9.1k
Employees (average)	—	1	1	1
Ratios
Profit margin	−0.6%	−1.1%	−134.9%	−2.4%
Revenue per employee	—	£33k	£9.5k	£24k
Profit per employee	—	−£351	−£12.8k	−£585
Growth (year on year)
Revenue growth	—	▲8.3%	▼71.3%	▲152.6%
Headcount growth	—	—	0%	0%
Balance sheet — indirect signals, not revenue
Net assets	−£6.5k	−£12.9k	−£27.7k	−£20.3k
Fixed assets	£18.2k	£16.5k	£14.2k	£12.2k
Current assets	£9.3k	£9.7k	£574	£2.8k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: −2.4%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £24k; Revenue ÷ average employees.
Profit per employee: −£585; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 50.9%; 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.

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 −£20.3k
Cash at bank: —; Now —
Headcount: 0%; Now 1
Deferred income: —; Now —
Fixed assets: ▼14%; Now £12.2k

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit −£585), 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.