Prestige Pipelaying JV Ltd
Registered name: PRESTIGE PIPELAYING JV LTD
Prestige Pipelaying JV Ltd made £22.8m revenue and £2.9m profit in the year to 30 Nov 2025.
Prestige Pipelaying JV Ltd’s revenue grew 10% to £22.8m in the year to 30 Nov 2025, with £2.9m profit and 36 employees. The company is classified under “distribution of gaseous fuels through mains” and is based in March; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- March, East of England
- Age
- 6 yrs · since 2019
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £20.7m | £22.8m |
| Cost of sales | — | — | £16.1m | £17.4m |
| Gross profit | — | — | £4.6m | £5.4m |
| Operating profit | — | — | £3.4m | £4m |
| Profit before tax | — | — | £3.4m | £3.9m |
| Profit after tax | — | — | £2.5m | £2.9m |
| Profit (best available) | — | — | £2.5m | £2.9m |
| Staff costs | — | — | £2m | £2.2m |
| Employees (average) | 24 | 31 | 34 | 36 |
| Ratios | ||||
| Profit margin | — | — | 12.3% | 12.8% |
| Gross margin | — | — | 22.4% | 23.7% |
| Revenue per employee | — | — | £608k | £633k |
| Profit per employee | — | — | £74.8k | £81.2k |
| Cash conversion | — | — | −121% | −107.4% |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲10.2% |
| Profit growth | — | — | — | ▲14.9% |
| Headcount growth | — | ▲29.2% | ▲9.7% | ▲5.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £655k | £1.1m | £2m | £1.5m |
| Net assets | £983k | £1.9m | £2.6m | £2.4m |
| Fixed assets | £674k | £910k | £1.4m | £1.6m |
| Current assets | £2m | £3.6m | £4.1m | £4m |
| Debtors | £841k | £1.5m | £1.5m | £2.1m |
| Cash from operations | — | — | −£4.2m | −£4.3m |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 12.8%
- Profit ÷ revenue.
- Gross margin
- 23.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £633k
- Revenue ÷ average employees.
- Profit per employee
- £81.2k
- Profit ÷ average employees.
- Cash conversion
- −107.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 9.4%
- Money owed by customers. Low = customers pay quickly.
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
- ▼7%
- Now £2.4m
- Cash at bank
- ▼23%
- Now £1.5m
- Headcount
- ▲6%
- Now 36
- Deferred income
- —
- Now —
- Fixed assets
- ▲11%
- Now £1.6m
Group structure
Minority corporate shareholders
- JM Utility Services Ltd 25–50%
- Prestige Pipelaying Ltd 25–50%
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £2.9m), from the Companies House accounts bulk data published Aug 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.