Primech Building Services Limited
Registered name: PRIMECH BUILDING SERVICES LIMITED
Part of Synttra Group Ltd groupPrimech Building Services Limited made £27.2m revenue and £2.8m profit in the year to 31 Mar 2026. read from filing text
Primech Building Services Limited’s revenue grew 6% to £27.2m in the year to 31 Mar 2026, with £2.8m profit and 83 employees. The company is classified under “electrical installation” and is based in Gillingham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Gillingham, South East
- Age
- 11 yrs · since 2015
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £16.8m | £21.8m | £25.6m | £27.2m |
| Cost of sales | £11.6m | £15.9m | £20.5m | £21m |
| Gross profit | £5.1m | £5.8m | £5.2m | £6.2m |
| Operating profit | £4.3m | £4.5m | £2.2m | £3.4m |
| Profit before tax | £4.3m | £4.5m | £2.2m | £3.6m |
| Profit after tax | £3.6m | £3.3m | £1.8m | £2.8m |
| Profit (best available) | £3.6m | £3.3m | £1.8m | £2.8m |
| Staff costs | £1.9m | £2.6m | £3.6m | £4.3m |
| Employees (average) | 49 | 56 | 74 | 83 |
| Ratios | ||||
| Profit margin | 21.4% | 15.4% | 6.9% | 10.3% |
| Gross margin | 30.7% | 26.9% | 20.2% | 22.9% |
| Revenue per employee | £342k | £388k | £347k | £328k |
| Profit per employee | £73.1k | £59.8k | £24k | £33.9k |
| Cash conversion | −98.3% | −39.5% | −226.5% | −75.3% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲29.8% | ▲17.9% | ▲6% |
| Profit growth | — | ▼6.6% | ▼46.9% | ▲58.3% |
| Headcount growth | — | ▲14.3% | ▲32.1% | ▲12.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.6m | £3.8m | £6m | £6.7m |
| Net assets | £3.9m | £7m | £8.5m | £10.8m |
| Fixed assets | £788k | £1.2m | £2.1m | £1.9m |
| Current assets | £6.6m | £10.7m | £11.9m | £14.8m |
| Debtors | £1.5m | £2.8m | £2.2m | £3.3m |
| Deferred income | £1.9k | £0 | £941k | £0 |
| Cash from operations | −£4.3m | −£1.8m | −£5m | −£2.6m |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 10.3%
- Profit ÷ revenue.
- Gross margin
- 22.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £328k
- Revenue ÷ average employees.
- Profit per employee
- £33.9k
- Profit ÷ average employees.
- Cash conversion
- −75.3%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.2%
- 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
- ▲27%
- Now £10.8m
- Cash at bank
- ▲11%
- Now £6.7m
- Headcount
- ▲12%
- Now 83
- Deferred income
- ▼100%
- Now £0
- Fixed assets
- ▼8%
- Now £1.9m
Group structure
Ownership chain
- Synttra Group Ltdultimate parent75–100%
- Primech Building Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- National Fire Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Evoenergy LimitedNottingham · Electrical installation
- Revenue
- £27.2m
- Profit
- £1.7m
- Staff
- 49
- Eco-1 Electrical Solutions LtdWalsall · Electrical installation
- Revenue
- £27.2m
- Profit
- £1.4m
- Staff
- 46
- Picow Engineering LimitedRuncorn · Electrical installation
- Revenue
- £27.1m
- Profit
- £960k
- Staff
- 153
- J & J Fire Engineering LimitedRossendale · Electrical installation
- Revenue
- £27.4m
- Profit
- £3.1m
- Staff
- 72
- J & J Design LtdRossendale · Electrical installation
- Revenue
- £27.4m
- Profit
- £3.3m
- Staff
- 72
- Mpact Group LtdLoanhead · Electrical installation
- Revenue
- £26.9m
- Profit
- £2.9m
- Staff
- 57
Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £2.8m), from the Companies House accounts bulk data published Aug 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.