How much does Summit Platforms Ltd make?

Summit Platforms Ltd reported revenue of £65.5m and £5m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Summit Platforms Ltd have?

Summit Platforms Ltd reported an average of 250 employees in the year to 31 Mar 2024.

Is Summit Platforms Ltd profitable?

Yes — Summit Platforms Ltd reported a profit of £5m in the year to 31 Mar 2024.

Company No. 08957126 · Incorporated 25 Mar 2014

Summit Platforms Ltd

Registered name: SUMMIT PLATFORMS LTD

Summit Platforms Ltd made £65.5m revenue and £5m profit in the year to 31 Mar 2024.

Summit Platforms Ltd’s revenue grew 15% to £65.5m in the year to 31 Mar 2024, with £5m profit and 250 employees. The company is classified under “renting and leasing of construction and civil engineering machinery and equipment” and is based in Maidenhead; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 77320Renting and leasing of construction and civil engineering machinery and equipment

Status: Active
Location: Maidenhead, South East
Age: 12 yrs · since 2014
Type: Private Limited Company

Latest accounts · year to 31 Mar 2024

Key figures

IndependentBoring industryCash flow filed

Revenue

£65.5m

Growth ▲14.9%

Profit

£5m

Growth ▼9.3%

Profit margin

7.6%

Gross 37%

Employees

250

Change ▲11.6%

Profit / employee

£19.8k

Revenue/employee £262k

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 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£43.8m	£57m	£65.5m
Cost of sales	£27.3m	£36.1m	£41.2m
Gross profit	£16.6m	£20.9m	£24.2m
Operating profit	£8.6m	£10.4m	£11.8m
Profit before tax	£6.3m	£6.9m	£6.8m
Profit after tax	£4m	£5.5m	£5m
Profit (best available)	£4m	£5.5m	£5m
Staff costs	£8.7m	£11.4m	£13.9m
Employees (average)	186	224	250
Ratios
Profit margin	9.1%	9.6%	7.6%
Gross margin	37.9%	36.6%	37%
Revenue per employee	£236k	£254k	£262k
Profit per employee	£21.5k	£24.4k	£19.8k
Cash conversion	198.9%	221.6%	281.9%
Growth (year on year)
Revenue growth	—	▲30%	▲14.9%
Profit growth	—	▲36.7%	▼9.3%
Headcount growth	—	▲20.4%	▲11.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.6k	£2.9k	£2.9k
Net assets	£14.8m	£20.3m	£25.1m
Fixed assets	£90.7m	£108m	£128m
Current assets	£11.2m	£12.1m	£13.5m
Debtors	£11.1m	£11.9m	£12.7m
Deferred income	£1.7m	£2.8m	£3.3m
Cash from operations	£17.1m	£23m	£33.2m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	Accounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 7.6%; Profit ÷ revenue.
Gross margin: 37%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £262k; Revenue ÷ average employees.
Profit per employee: £19.8k; Profit ÷ average employees.
Cash conversion: 281.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 195.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.4%; 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: ▲24%; Now £25.1m
Cash at bank: 0%; Now £2.9k
Headcount: ▲12%; Now 250
Deferred income: ▲16%; Now £3.3m
Fixed assets: ▲19%; Now £128m

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

Corporate ownership

Group structure

Subsidiaries (1)

Summit Power Generation LtdFigures 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 accounts for the year to 31 Mar 2024 (profit £5m), from the Companies House accounts bulk data published Dec 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.