How much does 2 Excel Engineering Limited make?

2 Excel Engineering Limited reported revenue of £22.4m and £532k profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does 2 Excel Engineering Limited have?

2 Excel Engineering Limited reported an average of 201 employees in the year to 31 Mar 2024.

Is 2 Excel Engineering Limited profitable?

Yes — 2 Excel Engineering Limited reported a profit of £532k in the year to 31 Mar 2024.

Company No. 08965471 · Incorporated 28 Mar 2014

2 Excel Engineering Limited

Registered name: 2 EXCEL ENGINEERING LIMITED

Part of 2 Excel Group Limited group

2 Excel Engineering Limited made £22.4m revenue and £532k profit in the year to 31 Mar 2024.

2 Excel Engineering Limited’s revenue grew 10% to £22.4m in the year to 31 Mar 2024, with £532k profit and 201 employees. The company is classified under “manufacture of air and spacecraft and related machinery” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 30300Manufacture of air and spacecraft and related machinery SIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 12 yrs · since 2014
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: “At the year end, the company's parent undertaking and controlling party was ACH Chiswick Limited, a company incorporated in England and Wales under company registration number 11876493, whose register”

Latest accounts · year to 31 Mar 2024

Key figures

Capital-lightCash flow filed

Revenue

£22.4m

Growth ▲9.5%

Profit

£532k

Growth ▲1.7%

Profit margin

2.4%

Gross 28.8%

Employees

201

Change ▲6.3%

Profit / employee

£2.6k

Revenue/employee £112k

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.

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)	£16.5m	£20.5m	£22.4m
Cost of sales	£12.1m	£14.6m	£16m
Gross profit	£4.4m	£5.9m	£6.5m
Operating profit	−£570k	£564k	£545k
Profit before tax	−£686k	£523k	£532k
Profit after tax	−£686k	£523k	£532k
Profit (best available)	−£686k	£523k	£532k
Staff costs	£7.5m	£9.3m	£10.9m
Employees (average)	170	189	201
Ratios
Profit margin	−4.2%	2.5%	2.4%
Gross margin	26.7%	28.7%	28.8%
Revenue per employee	£97k	£108k	£112k
Profit per employee	−£4k	£2.8k	£2.6k
Cash conversion	—	−195.2%	−35.3%
Growth (year on year)
Revenue growth	—	▲24.3%	▲9.5%
Profit growth	—	—	▲1.7%
Headcount growth	—	▲11.2%	▲6.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£55k	£225k	£28.6k
Net assets	−£5.1m	−£4.6m	−£4.1m
Fixed assets	£833k	£1.3m	£1.4m
Current assets	£4.4m	£5.5m	£6.1m
Debtors	£1.1m	£2.2m	£1.9m
Deferred income	£415k	£1.9m	£1.8m
Cash from operations	−£338k	−£1.1m	−£192k
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: 2.4%; Profit ÷ revenue.
Gross margin: 28.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £112k; Revenue ÷ average employees.
Profit per employee: £2.6k; Profit ÷ average employees.
Cash conversion: −35.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.3%; 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 −£4.1m
Cash at bank: ▼87%; Now £28.6k
Headcount: ▲6%; Now 201
Deferred income: ▼8%; Now £1.8m
Fixed assets: ▲9%; Now £1.4m

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

Ownership chain

2 Excel Group Limitedultimate parent75–100%
2 Excel Midco Limited75–100%
2 Excel Bidco Limited75–100%
2 Excel Engineering Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

2 Excel (Holdings) LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £532k), from the Companies House accounts bulk data published Mar 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.