How much does Vapormatic U.K. Limited make?

Vapormatic U.K. Limited reported revenue of £37.9m and a loss of £988k in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Vapormatic U.K. Limited have?

Vapormatic U.K. Limited reported an average of 103 employees in the year to 31 Oct 2024.

Is Vapormatic U.K. Limited profitable?

No — Vapormatic U.K. Limited reported a loss of £988k in the year to 31 Oct 2024.

Company No. 10698462 · Incorporated 30 Mar 2017

Vapormatic U.K. Limited

Registered name: VAPORMATIC U.K. LIMITED

Part of Deere & Co group

Vapormatic U.K. Limited made £37.9m revenue and a £988k loss in the year to 31 Oct 2024.

Vapormatic U.K. Limited’s revenue grew 4% to £37.9m in the year to 31 Oct 2024, with a loss of £988k and 103 employees. The company is classified under “wholesale of agricultural machinery, equipment and supplies” and is based in Exeter; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46610Wholesale of agricultural machinery, equipment and supplies

Status: Active
Location: Exeter, South West
Age: 9 yrs · since 2017
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. From the filing: “The immediate parent company is Vapormatic Europe Limited, a company registered in England. The ultimate parent company and controlling party is Deere & Co, a corporation registered in the United Stat”

Latest accounts · year to 31 Oct 2024

Key figures

Capital-lightDoing more with less

Revenue

£37.9m

Growth ▲4.1%

Profit

−£988k

Growth ▼431.5%

Profit margin

−2.6%

Gross 22.1%

Employees

103

Change ▼6.4%

Profit / employee

−£9.6k

Revenue/employee £368k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2023	31 Oct 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£36.4m	£37.9m
Cost of sales	£27.2m	£29.5m
Gross profit	£9.2m	£8.4m
Operating profit	£730k	−£836k
Profit before tax	£429k	−£1.3m
Profit after tax	£298k	−£988k
Profit (best available)	£298k	−£988k
Staff costs	£5.1m	£5.4m
Employees (average)	110	103
Ratios
Profit margin	0.8%	−2.6%
Gross margin	25.3%	22.1%
Revenue per employee	£331k	£368k
Profit per employee	£2.7k	−£9.6k
Growth (year on year)
Revenue growth	—	▲4.1%
Profit growth	—	▼431.5%
Headcount growth	—	▼6.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£229k	£1m
Net assets	£17.6m	£16.6m
Fixed assets	£1.6m	£1.7m
Current assets	£26.3m	£28.4m
Debtors	£3.2m	£7.6m
Deferred income	£1.3m	£1.1m
Source	FullAccounts · bulk data Oct 2025	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: −2.6%; Profit ÷ revenue.
Gross margin: 22.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £368k; Revenue ÷ average employees.
Profit per employee: −£9.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.1%; 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: ▼6%; Now £16.6m
Cash at bank: ▲339%; Now £1m
Headcount: ▼6%; Now 103
Deferred income: ▼14%; Now £1.1m
Fixed assets: ▲3%; Now £1.7m

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

Deere & Co (registered outside the UK register)ultimate parent75–100%
Vapormatic Company Limited(The)75–100%
Vapormatic Europe Limited75–100%
Vapormatic U.K. 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 Oct 2024 (profit −£988k), from the Companies House accounts bulk data published Oct 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.