How much does Project 12 Limited make?

Project 12 Limited reported revenue of £4.6m and £80.6k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Project 12 Limited have?

Project 12 Limited reported an average of 72 employees in the year to 31 Mar 2025.

Is Project 12 Limited profitable?

Yes — Project 12 Limited reported a profit of £80.6k in the year to 31 Mar 2025.

Company No. 09982547 · Incorporated 2 Feb 2016

Project 12 Limited

Registered name: PROJECT 12 LIMITED

Part of Rockman Advanced Composites UK Limited group

Project 12 Limited made £4.6m revenue and £80.6k profit in the year to 31 Mar 2025.

Project 12 Limited’s revenue fell 21% to £4.6m in the year to 31 Mar 2025, with £80.6k profit and 72 employees. The company is classified under “other engineering activities” and is based in Banbury; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71129Other engineering activities

Status: Active
Location: Banbury, South East
Age: 10 yrs · since 2016
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 Mar 2025

Key figures

Capital-light

Revenue

£4.6m

Growth ▼21.4%

Profit

£80.6k

Growth ▼88.7%

Profit margin

1.8%

Gross 28.3%

Employees

Change ▲9.1%

Profit / employee

£1.1k

Revenue/employee £63.7k

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	30 Apr 2023	30 Apr 2024	31 Mar 2025
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£5.8m	£4.6m
Cost of sales	—	£3.8m	£3.3m
Gross profit	—	£2.1m	£1.3m
Operating profit	—	£874k	£37.9k
Profit before tax	—	£877k	£49.8k
Profit after tax	—	£710k	£80.6k
Profit (best available)	—	£710k	£80.6k
Employees (average)	59	66	72
Ratios
Profit margin	—	12.2%	1.8%
Gross margin	—	35.4%	28.3%
Revenue per employee	—	£88.4k	£63.7k
Profit per employee	—	£10.8k	£1.1k
Growth (year on year)
Revenue growth	—	—	▼21.4%
Profit growth	—	—	▼88.7%
Headcount growth	—	▲11.9%	▲9.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£995k	£1.2m	£309k
Net assets	£1.4m	£2m	£1.1m
Fixed assets	£272k	£264k	£316k
Current assets	£1.7m	£2.5m	£1.2m
Debtors	£594k	£1.1m	£763k
Deferred income	£12.4k	£42.6k	£55.8k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 1.8%; Profit ÷ revenue.
Gross margin: 28.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £63.7k; Revenue ÷ average employees.
Profit per employee: £1.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.6%; 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: ▼46%; Now £1.1m
Cash at bank: ▼74%; Now £309k
Headcount: ▲9%; Now 72
Deferred income: ▲31%; Now £55.8k
Fixed assets: ▲20%; Now £316k

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

Rockman Advanced Composites UK Limitedultimate parent75–100%
Project 12 Limitedthis company

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

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 2025 (profit £80.6k), from the Companies House accounts bulk data published Jun 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.