How much does Torsion Projects Limited make?

Torsion Projects Limited reported revenue of £47m and £382k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Torsion Projects Limited have?

Torsion Projects Limited reported an average of 67 employees in the year to 31 Dec 2024.

Is Torsion Projects Limited profitable?

Yes — Torsion Projects Limited reported a profit of £382k in the year to 31 Dec 2024.

Company No. 12092020 · Incorporated 8 Jul 2019

Torsion Projects Limited

Registered name: TORSION PROJECTS LIMITED

Torsion Projects Limited made £47m revenue and £382k profit in the year to 31 Dec 2024. read from filing text

Torsion Projects Limited’s revenue grew 28% to £47m in the year to 31 Dec 2024, with £382k profit and 67 employees. The company is classified under “construction of commercial buildings” and is based in Leeds; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41201Construction of commercial buildings SIC 41202Construction of domestic buildings

Status: Active
Location: Leeds, Yorkshire and The Humber
Age: 7 yrs · since 2019
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: “D T Spencer is the ultimate controlling party by virtue of his controlling shareholding in Torsion Projects Limited.”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightCash flow filed

Revenue

£47m

Growth ▲27.8%

Profit

£382k

Growth ▼3.5%

Profit margin

0.8%

Gross 2.3%

Employees

Change ▲31.4%

Profit / employee

£5.7k

Revenue/employee £702k

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 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£36.8m	£47m
Cost of sales	—	£35.6m	£45.9m
Gross profit	—	£1.2m	£1.1m
Operating profit	—	£404k	£523k
Profit before tax	—	£404k	£505k
Profit after tax	—	£396k	£382k
Profit (best available)	—	£396k	£382k
Staff costs	—	−£467	−£184k
Employees (average)	19	51	67
Ratios
Profit margin	—	1.1%	0.8%
Gross margin	—	3.3%	2.3%
Revenue per employee	—	£721k	£702k
Profit per employee	—	£7.8k	£5.7k
Cash conversion	—	−360.4%	136.9%
Growth (year on year)
Revenue growth	—	—	▲27.8%
Profit growth	—	—	▼3.5%
Headcount growth	—	▲168.4%	▲31.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£196k	£1.6m	£737k
Net assets	£118k	£514k	£896k
Fixed assets	£15k	£13k	£5.2k
Current assets	£5.1m	£14m	£15.8m
Debtors	£1.2m	£1m	£426k
Deferred income	—	£8.6m	£7.7m
Cash from operations	—	−£1.5m	£716k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 0.8%; Profit ÷ revenue.
Gross margin: 2.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £702k; Revenue ÷ average employees.
Profit per employee: £5.7k; Profit ÷ average employees.
Cash conversion: 136.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 16.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.9%; 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: ▲74%; Now £896k
Cash at bank: ▼55%; Now £737k
Headcount: ▲31%; Now 67
Deferred income: ▼10%; Now £7.7m
Fixed assets: ▼60%; Now £5.2k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £382k), from the Companies House accounts bulk data published Sep 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.