How much does Ies Utilities Group Ltd make?

Ies Utilities Group Ltd reported revenue of £26.6m and £2.5m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Ies Utilities Group Ltd have?

Ies Utilities Group Ltd reported an average of 49 employees in the year to 31 Mar 2024.

Is Ies Utilities Group Ltd profitable?

Yes — Ies Utilities Group Ltd reported a profit of £2.5m in the year to 31 Mar 2024.

Company No. 11262423 · Incorporated 19 Mar 2018

Ies Utilities Group Ltd

Registered name: IES UTILITIES GROUP LTD

Part of Integral Utilities Group Ltd group

Ies Utilities Group Ltd made £26.6m revenue and £2.5m profit in the year to 31 Mar 2024. read from filing text

Ies Utilities Group Ltd’s revenue grew 85% to £26.6m in the year to 31 Mar 2024, with £2.5m profit and 49 employees. The company is classified under “construction of other civil engineering projects” and is based in Levenshulme; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 42990Construction of other civil engineering projects n.e.c.

Status: Active
Location: Levenshulme, North West
Age: 8 yrs · since 2018
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”

Latest accounts · year to 31 Mar 2024

Key figures

Capital-lightOperating leverage

Revenue

£26.6m

Growth ▲85%

Profit

£2.5m

Growth ▲250.6%

Profit margin

9.5%

Gross 24.2%

Employees

Change ▲63.3%

Profit / employee

£51.7k

Revenue/employee £543k

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	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£14.4m	£26.6m
Cost of sales	—	£11.8m	£20.2m
Gross profit	—	£2.6m	£6.4m
Operating profit	—	£961k	£2.8m
Profit before tax	—	£905k	£2.7m
Profit after tax	—	£722k	£2.5m
Profit (best available)	—	£722k	£2.5m
Staff costs	—	£925k	£2.1m
Employees (average)	28	30	49
Ratios
Profit margin	—	5%	9.5%
Gross margin	—	18.3%	24.2%
Revenue per employee	—	£479k	£543k
Profit per employee	—	£24.1k	£51.7k
Growth (year on year)
Revenue growth	—	—	▲85%
Profit growth	—	—	▲250.6%
Headcount growth	—	▲7.1%	▲63.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£293k	£120k	£1.6m
Net assets	£160k	£882k	£3.4m
Fixed assets	£532k	£1.4m	£1.7m
Current assets	£4.6m	£5.3m	£7.8m
Debtors	£1.5m	£4.1m	£4m
Deferred income	£748k	£47.6k	£265k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 9.5%; Profit ÷ revenue.
Gross margin: 24.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £543k; Revenue ÷ average employees.
Profit per employee: £51.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.9%; 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: ▲287%; Now £3.4m
Cash at bank: ▲1224%; Now £1.6m
Headcount: ▲63%; Now 49
Deferred income: ▲457%; Now £265k
Fixed assets: ▲22%; 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

Integral Utilities Group Ltdultimate parent75–100%
Ies Utilities Group Ltdthis company

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

Sister companies (1)

Integral Plant Solutions LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £2.5m), from the Companies House accounts bulk data published Dec 2024. 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.