How much does Neles UK Ltd make?

Neles UK Ltd reported revenue of £11.1m and £614k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Neles UK Ltd have?

Neles UK Ltd reported an average of 29 employees in the year to 31 Dec 2023.

Is Neles UK Ltd profitable?

Yes — Neles UK Ltd reported a profit of £614k in the year to 31 Dec 2023.

Company No. 12250895 · Incorporated 9 Oct 2019

Neles UK Ltd

Registered name: NELES UK LTD

Part of Valmet Flow Control Oy group

Neles UK Ltd made £11.1m revenue and £614k profit in the year to 31 Dec 2023. read from filing text

Neles UK Ltd’s revenue grew 18% to £11.1m in the year to 31 Dec 2023, with £614k profit and 29 employees. The company is classified under “manufacture of other special-purpose machinery” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28990Manufacture of other special-purpose machinery n.e.c.

Status: Liquidation
Location: London, London
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.

Latest accounts · year to 31 Dec 2023

Key figures

Young and profitableOperating leverage

Revenue

£11.1m

Growth ▲18.1%

Profit

£614k

Growth ▲629.4%

Profit margin

5.5%

Gross 35%

Employees

Change ▲11.5%

Profit / employee

£21.2k

Revenue/employee £381k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£9.4m	£11.1m
Cost of sales	£6m	£7.2m
Gross profit	£3.4m	£3.9m
Operating profit	£141k	£635k
Profit before tax	£84.1k	£614k
Profit (best available)	£84.1k	£614k
Staff costs	£1.8m	£1.9m
Employees (average)	26	29
Ratios
Profit margin	0.9%	5.5%
Gross margin	36.3%	35%
Revenue per employee	£360k	£381k
Profit per employee	£3.2k	£21.2k
Growth (year on year)
Revenue growth	—	▲18.1%
Profit growth	—	▲629.4%
Headcount growth	—	▲11.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£42.8k	£237k
Net assets	£706k	£1.2m
Debtors	£3m	£2.5m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 5.5%; Profit ÷ revenue.
Gross margin: 35%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £381k; Revenue ÷ average employees.
Profit per employee: £21.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.4%; 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: ▲66%; Now £1.2m
Cash at bank: ▲455%; Now £237k
Headcount: ▲12%; Now 29
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Valmet Flow Control Oy (registered outside the UK register)ultimate parent75–100%
Neles UK Ltdthis 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £614k), from the Companies House accounts bulk data published Sep 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.