Project 3 Mobility R&D UK Limited
Registered name: PROJECT 3 MOBILITY R&D UK LIMITED
Project 3 Mobility R&D UK Limited made £5m revenue and £378k profit in the year to 31 Dec 2025.
Project 3 Mobility R&D UK Limited’s revenue fell 71% to £5m in the year to 31 Dec 2025, with £378k profit and 27 employees. The company is classified under “engineering design activities for industrial process and production” and is based in Coventry; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Coventry, West Midlands
- Age
- 6 yrs · since 2020
- 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 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £9.3m | £12m | £17.1m | £5m |
| Cost of sales | — | £0 | £68.3k | £1.3k |
| Gross profit | — | £12m | £17m | £5m |
| Operating profit | £1.5m | £709k | £1.8m | £651k |
| Profit before tax | £1.5m | £692k | £1.8m | £653k |
| Profit after tax | £1.1m | £435k | £1.2m | £378k |
| Profit (best available) | £1.1m | £435k | £1.2m | £378k |
| Staff costs | £7m | £9.6m | £14m | £3.9m |
| Employees (average) | 84 | 109 | 131 | 27 |
| Ratios | ||||
| Profit margin | 12.2% | 3.6% | 6.9% | 7.5% |
| Gross margin | — | 100% | 99.6% | 100% |
| Revenue per employee | £110k | £110k | £131k | £187k |
| Profit per employee | £13.5k | £4k | £9k | £14k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲29.6% | ▲42.6% | ▼70.5% |
| Profit growth | — | ▼61.5% | ▲169.4% | ▼67.7% |
| Headcount growth | — | ▲29.8% | ▲20.2% | ▼79.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £630k | £701k | £609k | £92.7k |
| Net assets | £1.7m | £3.1m | £4.9m | £5.3m |
| Fixed assets | £330k | £353k | £263k | £99 |
| Current assets | £2.6m | £4m | £5.3m | £5.5m |
| Debtors | £1.4m | £2.5m | £4.3m | £5.3m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 7.5%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £187k
- Revenue ÷ average employees.
- Profit per employee
- £14k
- Profit ÷ average employees.
- Cash conversion
- —
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 105%
- 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
- ▲9%
- Now £5.3m
- Cash at bank
- ▼85%
- Now £92.7k
- Headcount
- ▼79%
- Now 27
- Deferred income
- —
- Now —
- Fixed assets
- ▼100%
- Now £99
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £378k), from the Companies House accounts bulk data published Apr 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.