How much does Tekever Ltd make?

Tekever Ltd reported revenue of £18m and £2.3m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Tekever Ltd have?

Tekever Ltd reported an average of 60 employees in the year to 31 Dec 2023.

Is Tekever Ltd profitable?

Yes — Tekever Ltd reported a profit of £2.3m in the year to 31 Dec 2023.

Company No. 08684764 · Incorporated 10 Sep 2013

Tekever Ltd

Registered name: TEKEVER LTD

Tekever Ltd made £18m revenue and £2.3m profit in the year to 31 Dec 2023. read from filing text

Tekever Ltd’s revenue grew 2% to £18m in the year to 31 Dec 2023, with £2.3m profit and 60 employees. The company is classified under “manufacture of air and spacecraft and related machinery” and is based in Southampton; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 30300Manufacture of air and spacecraft and related machinery SIC 72190Other research and experimental development on natural sciences and engineering SIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Southampton, South East
Age: 13 yrs · since 2013
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. From the filing: “The directors consider the ultimate controlling entity to be the company's parent, Tekever Holdings S.A., a company”

Latest accounts · year to 31 Dec 2023

Key figures

Operating leverageCash flow filed

Revenue

£18m

Growth ▲1.7%

Profit

£2.3m

Growth ▲68.7%

Profit margin

12.9%

Gross 51.2%

Employees

Change ▲50%

Profit / employee

£38.6k

Revenue/employee £300k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£17.7m	£18m
Cost of sales	£11.3m	£8.8m
Gross profit	£6.4m	£9.2m
Operating profit	£2.1m	£2.6m
Profit before tax	£2.1m	£2.7m
Profit after tax	£1.4m	£2.3m
Profit (best available)	£1.4m	£2.3m
Staff costs	£1.9m	£3.4m
Employees (average)	40	60
Ratios
Profit margin	7.8%	12.9%
Gross margin	36%	51.2%
Revenue per employee	£442k	£300k
Profit per employee	£34.3k	£38.6k
Cash conversion	−138.4%	−232.9%
Growth (year on year)
Revenue growth	—	▲1.7%
Profit growth	—	▲68.7%
Headcount growth	—	▲50%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.3m	£4.7m
Net assets	£7.5m	£9.8m
Fixed assets	£3.7m	£6.1m
Current assets	£12.1m	£11.1m
Debtors	£2.4m	£823k
Deferred income	£1.1m	£5.1m
Cash from operations	−£2.9m	−£6.1m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 12.9%; Profit ÷ revenue.
Gross margin: 51.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £300k; Revenue ÷ average employees.
Profit per employee: £38.6k; Profit ÷ average employees.
Cash conversion: −232.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 33.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 28.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.6%; 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: ▲31%; Now £9.8m
Cash at bank: ▲42%; Now £4.7m
Headcount: ▲50%; Now 60
Deferred income: ▲348%; Now £5.1m
Fixed assets: ▲63%; Now £6.1m

Corporate ownership

Group structure

Subsidiaries (2)

Flowcopter Ltd.Figures not disclosed
West Wales Airport 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 2023 (profit £2.3m), from the Companies House accounts bulk data published Sep 2024. 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.