Hi-Tec Europe Limited
Registered name: HI-TEC EUROPE LIMITED
Hi-Tec Europe Limited made £13.3m revenue and a £1.2m loss in the year to 31 Dec 2025.
Hi-Tec Europe Limited’s revenue fell 42% to £13.3m in the year to 31 Dec 2025, with a loss of £1.2m and 29 employees. The company is classified under “other retail sale in non-specialised stores” and is based in Watford,; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Watford,, East of England
- Age
- 10 yrs · since 2016
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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) | £34.5m | £26.4m | £22.7m | £13.3m |
| Cost of sales | £26.4m | £19.9m | £18.5m | £11.8m |
| Gross profit | £8.1m | £6.5m | £4.2m | £1.5m |
| Operating profit | £374k | £357k | £443k | £2.2k |
| Profit before tax | £284k | £325k | £432k | £32.6k |
| Profit after tax | £953k | −£544k | £1.4m | −£1.2m |
| Profit (best available) | £953k | −£544k | £1.4m | −£1.2m |
| Staff costs | £2.6m | £2m | £2.1m | £2.4m |
| Employees (average) | 48 | 39 | 33 | 29 |
| Ratios | ||||
| Profit margin | 2.8% | −2.1% | 6.2% | −9.4% |
| Gross margin | 23.5% | 24.7% | 18.4% | 11.3% |
| Revenue per employee | £718k | £676k | £689k | £457k |
| Profit per employee | £19.9k | −£13.9k | £42.6k | −£42.9k |
| Cash conversion | −1429% | 1686% | 509.3% | 15434% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼23.5% | ▼13.8% | ▼41.7% |
| Profit growth | — | ▼157.1% | — | ▼188.5% |
| Headcount growth | — | ▼18.8% | ▼15.4% | ▼12.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £776k | £1.4m | £2.3m | £1.7m |
| Net assets | £3.4m | £2.9m | £4.1m | £2.8m |
| Fixed assets | £310k | £280k | £226k | £169k |
| Current assets | £13.6m | £7.5m | £6.5m | £3.6m |
| Debtors | £1.5m | £593k | £1.9m | £1m |
| Cash from operations | −£5.3m | £6m | £2.3m | £335k |
| Source | Accounts · bulk data Jun 2024 | Accounts · bulk data Jun 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −9.4%
- Profit ÷ revenue.
- Gross margin
- 11.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £457k
- Revenue ÷ average employees.
- Profit per employee
- −£42.9k
- Profit ÷ average employees.
- Cash conversion
- 15434%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.7%
- 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
- ▼31%
- Now £2.8m
- Cash at bank
- ▼26%
- Now £1.7m
- Headcount
- ▼12%
- Now 29
- Deferred income
- —
- Now —
- Fixed assets
- ▼25%
- Now £169k
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£1.2m), 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.