How much does See Services Ltd make?

See Services Ltd reported revenue of £29.9m and £1.1m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does See Services Ltd have?

See Services Ltd reported an average of 138 employees in the year to 31 Mar 2025.

Is See Services Ltd profitable?

Yes — See Services Ltd reported a profit of £1.1m in the year to 31 Mar 2025.

Company No. 08854191 · Incorporated 21 Jan 2014

See Services Ltd

Registered name: SEE SERVICES LTD

See Services Ltd made £29.9m revenue and £1.1m profit in the year to 31 Mar 2025. read from filing text

See Services Ltd’s revenue fell 11% to £29.9m in the year to 31 Mar 2025, with £1.1m profit and 138 employees. The company is classified under “electrical installation” and is based in Ilford; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43210Electrical installation

Status: Active
Location: Ilford, London
Age: 12 yrs · since 2014
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-lightBoring industryCash flow filed

Revenue

£29.9m

Growth ▼10.5%

Profit

£1.1m

Growth ▼49%

Profit margin

3.6%

Gross 32.2%

Employees

138

Change ▼4.2%

Profit / employee

£7.9k

Revenue/employee £217k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£30.3m	£33.4m	£29.9m
Cost of sales	£20m	£22.7m	£20.3m
Gross profit	£10.3m	£10.7m	£9.6m
Operating profit	£3.7m	£2.9m	£1.4m
Profit before tax	£4.6m	£2.9m	£1.5m
Profit after tax	£3.7m	£2.1m	£1.1m
Profit (best available)	£3.7m	£2.1m	£1.1m
Staff costs	£5.8m	£7.5m	£7.6m
Employees (average)	117	144	138
Ratios
Profit margin	12.1%	6.4%	3.6%
Gross margin	34.1%	32.1%	32.2%
Revenue per employee	£259k	£232k	£217k
Profit per employee	£31.2k	£14.8k	£7.9k
Cash conversion	−32.7%	−68.4%	−120.2%
Growth (year on year)
Revenue growth	—	▲10.3%	▼10.5%
Profit growth	—	▼41.6%	▼49%
Headcount growth	—	▲23.1%	▼4.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.5m	£3.7m	£4.5m
Net assets	£8.4m	£10.3m	£11.1m
Fixed assets	£370k	£328k	£589k
Current assets	£15.5m	£17.4m	£17.2m
Debtors	£8.6m	£10m	£8m
Deferred income	—	£3.2m	£3.3m
Cash from operations	−£1.2m	−£2m	−£1.6m
Source	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 3.6%; Profit ÷ revenue.
Gross margin: 32.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £217k; Revenue ÷ average employees.
Profit per employee: £7.9k; Profit ÷ average employees.
Cash conversion: −120.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 26.9%; 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: ▲7%; Now £11.1m
Cash at bank: ▲21%; Now £4.5m
Headcount: ▼4%; Now 138
Deferred income: ▲3%; Now £3.3m
Fixed assets: ▲79%; Now £589k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £1.1m), from the Companies House accounts bulk data published Dec 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.