How much does Formtech Machining UK Limited make?

Formtech Machining UK Limited reported revenue of £4.9m and £467k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Formtech Machining UK Limited have?

Formtech Machining UK Limited reported an average of 7 employees in the year to 31 Dec 2024.

Is Formtech Machining UK Limited profitable?

Yes — Formtech Machining UK Limited reported a profit of £467k in the year to 31 Dec 2024.

Company No. 12240975 · Incorporated 3 Oct 2019

Formtech Machining UK Limited

Registered name: FORMTECH MACHINING UK LIMITED

Formtech Machining UK Limited made £4.9m revenue and £467k profit in the year to 31 Dec 2024.

Formtech Machining UK Limited’s revenue grew 109% to £4.9m in the year to 31 Dec 2024, with £467k profit and 7 employees. The company is classified under “machining” and is based in Silverstone; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25620Machining SIC 71129Other engineering activities

Status: Active
Location: Silverstone, East Midlands
Age: 7 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentSmall teamOperating leverageDoing more with lessCash flow filed

Revenue

£4.9m

Growth ▲108.7%

Profit

£467k

Growth ▲256.7%

Profit margin

9.6%

Gross 89.1%

Employees

Change ▼91%

Profit / employee

£66.7k

Revenue/employee £697k

Profitable streak

3yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£491k	£2.3m	£4.9m
Cost of sales	—	£89.7k	£128k	£531k
Gross profit	—	£401k	£2.2m	£4.4m
Profit before tax	—	£460k	£348k	£619k
Profit after tax	—	£399k	£131k	£467k
Profit (best available)	—	£399k	£131k	£467k
Staff costs	—	£9.8m	£4.3m	£452k
Employees (average)	—	155	78	7
Ratios
Profit margin	—	81.2%	5.6%	9.6%
Gross margin	—	81.7%	94.5%	89.1%
Revenue per employee	—	£3.2k	£30k	£697k
Profit per employee	—	£2.6k	£1.7k	£66.7k
Growth (year on year)
Revenue growth	—	—	▲376.2%	▲108.7%
Profit growth	—	—	▼67.2%	▲256.7%
Headcount growth	—	—	▼49.7%	▼91%
Balance sheet — indirect signals, not revenue
Cash at bank	£668k	£946k	£569k	£701k
Net assets	£319k	£717k	£848k	£1.3m
Fixed assets	£4.8m	£4m	£10.5m	£8.5m
Current assets	£1m	£4.4m	£1.5m	£2.3m
Debtors	£0	£210k	£430k	£412k
Deferred income	—	£838k	£476k	£104k
Cash from operations	—	£366k	−£3.7m	−£3.4m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Jan 2026

Derived from the latest filing

How the business works

Profit margin: 9.6%; Profit ÷ revenue.
Gross margin: 89.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £697k; Revenue ÷ average employees.
Profit per employee: £66.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 174.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.4%; 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: ▲55%; Now £1.3m
Cash at bank: ▲23%; Now £701k
Headcount: ▼91%; Now 7
Deferred income: ▼78%; Now £104k
Fixed assets: ▼19%; Now £8.5m

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 £467k), from the Companies House accounts bulk data published Jan 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.