Physical Properties Testing Ltd.
Registered name: PHYSICAL PROPERTIES TESTING LTD.
Part of SK PPT Management Ltd groupPhysical Properties Testing Ltd. made £0 revenue and £4m profit in the year to 31 Oct 2024.
Physical Properties Testing Ltd.’s revenue was £0 in the year to 31 Oct 2024, with £4m profit and 3 employees. The company is classified under “manufacture of electronic measuring, testing etc. equipment, not for industrial process control” and is based in Halifax; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Halifax, Yorkshire and The Humber
- Age
- 12 yrs · since 2014
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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.
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £0 | £0 | £0 |
| Operating profit | −£94.2k | −£138k | £306k |
| Profit before tax | −£1.3m | −£3.3m | £4m |
| Profit after tax | −£1.3m | −£3.3m | £4m |
| Profit (best available) | −£1.3m | −£3.3m | £4m |
| Employees (average) | 4 | 4 | 3 |
| Ratios | |||
| Profit margin | — | — | — |
| Revenue per employee | £0 | £0 | £0 |
| Profit per employee | −£337k | −£814k | £1.3m |
| Growth (year on year) | |||
| Headcount growth | — | 0% | ▼25% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £2.2m | −£1.1m | £2.9m |
| Debtors | £22.7m | £22.2m | £412k |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Jul 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £0
- Revenue ÷ average employees.
- Profit per employee
- £1.3m
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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 £2.9m
- Cash at bank
- —
- Now —
- Headcount
- ▼25%
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- SK PPT Management Ltdultimate parent75–100%
- BV PPT Holdings Ltd.75–100%
- Physical Properties Testing Ltd.this company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- PPT Group UK LtdRev. £23.7m · Profit £3.1m
- Mecmesin LimitedRev. £0 · Profit £46k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Oct 2024 (profit £4m), from the Companies House accounts bulk data published Jul 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.