How much does TGS (UK) Ltd make?

TGS (UK) Ltd reported revenue of £29.4m and £55.2k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does TGS (UK) Ltd have?

TGS (UK) Ltd reported an average of 147 employees in the year to 31 Dec 2025.

Is TGS (UK) Ltd profitable?

Yes — TGS (UK) Ltd reported a profit of £55.2k in the year to 31 Dec 2025.

Company No. 08970441 · Incorporated 1 Apr 2014

TGS (UK) Ltd

Registered name: TGS (UK) LTD

Part of Candleford Investments Ltd group

TGS (UK) Ltd made £29.4m revenue and £55.2k profit in the year to 31 Dec 2025.

TGS (UK) Ltd’s revenue grew 20% to £29.4m in the year to 31 Dec 2025, with £55.2k profit and 147 employees. The company is classified under “manufacture of bodies (coachwork) for motor vehicles (except caravans)” and is based in Bristol; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 29201Manufacture of bodies (coachwork) for motor vehicles (except caravans)

Status: Active
Location: Bristol, South West
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.

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightDoing more with lessCash flow filed

Revenue

£29.4m

Growth ▲20.5%

Profit

£55.2k

Growth ▼55.2%

Profit margin

0.2%

Gross 22%

Employees

147

Change ▼4.5%

Profit / employee

£376

Revenue/employee £200k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13m	£22.1m	£24.4m	£29.4m
Cost of sales	£10.5m	£16.6m	£17.7m	£23m
Gross profit	£2.6m	£5.5m	£6.7m	£6.5m
Profit before tax	−£1.2m	£60.6k	£122k	£79.3k
Profit after tax	−£976k	£51.6k	£123k	£55.2k
Profit (best available)	−£976k	£51.6k	£123k	£55.2k
Staff costs	£2.8m	£4.9m	£6.5m	£7.2m
Employees (average)	87	111	154	147
Ratios
Profit margin	−7.5%	0.2%	0.5%	0.2%
Gross margin	19.7%	24.8%	27.6%	22%
Revenue per employee	£150k	£199k	£159k	£200k
Profit per employee	−£11.2k	£465	£800	£376
Growth (year on year)
Revenue growth	—	▲69.7%	▲10.6%	▲20.5%
Profit growth	—	—	▲138.8%	▼55.2%
Headcount growth	—	▲27.6%	▲38.7%	▼4.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£459k	£2.1m	£305k	£925k
Net assets	£6.7m	£5.8m	£5m	£4.4m
Fixed assets	£512k	£492k	£431k	£362k
Current assets	£8.2m	£10.6m	£9.4m	£11.8m
Debtors	£2.1m	£2.8m	£3.4m	£3.3m
Cash from operations	£2.1m	£2.6m	−£624k	£327k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 0.2%; Profit ÷ revenue.
Gross margin: 22%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £200k; Revenue ÷ average employees.
Profit per employee: £376; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.1%; 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: ▼12%; Now £4.4m
Cash at bank: ▲203%; Now £925k
Headcount: ▼5%; Now 147
Deferred income: —; Now —
Fixed assets: ▼16%; Now £362k

Corporate ownership

Group structure

Ownership chain

Candleford Investments Ltdultimate parent75–100%
TGS Holdings (UK) Ltd75–100%
TGS (UK) Ltdthis company

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

Sister companies (1)

Transquip Group LimitedFigures not disclosed

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £55.2k), from the Companies House accounts bulk data published Sep 2026. 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.