Inco Construction Group Ltd
Registered name: INCO CONSTRUCTION GROUP LTD
Part of Bosh UK Holdings Limited groupInco Construction Group Ltd made £48.2m revenue and £2.4m profit in the year to 30 Sep 2024.
Inco Construction Group Ltd’s revenue grew 34% to £48.2m in the year to 30 Sep 2024, with £2.4m profit and 2 employees. The company is classified under “activities of construction holding companies” and is based in Cannock; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cannock, West Midlands
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £25.3m | £36m | £48.2m |
| Cost of sales | £19.6m | £28.8m | £39.9m |
| Gross profit | £5.7m | £7.2m | £8.3m |
| Operating profit | £3.2m | £4.3m | £4.4m |
| Profit before tax | £3.1m | £3.7m | £4.3m |
| Profit after tax | £1.2m | £1.3m | £2.4m |
| Profit (best available) | £1.2m | £1.3m | £2.4m |
| Staff costs | £1.2m | £1.6m | £2.2m |
| Employees (average) | 2 | 2 | 2 |
| Ratios | |||
| Profit margin | 4.7% | 3.7% | 5% |
| Gross margin | 22.7% | 20.1% | 17.2% |
| Revenue per employee | £12.6m | £18m | £24.1m |
| Profit per employee | £590k | £667k | £1.2m |
| Cash conversion | −61.9% | −83.9% | −46.7% |
| Growth (year on year) | |||
| Revenue growth | — | ▲42.4% | ▲33.9% |
| Profit growth | — | ▲13% | ▲81.6% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.2m | £4.2m | £3.3m |
| Net assets | £2.7m | £3.8m | £4.5m |
| Fixed assets | £4.5m | £4.5m | £4.5m |
| Current assets | £30 | £60.2k | £128k |
| Debtors | £0 | £0 | £0 |
| Deferred income | £3.3k | £4.8k | £65.8k |
| Cash from operations | −£2m | −£3.6m | −£2.1m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Jun 2025 |
How the business works
- Profit margin
- 5%
- Profit ÷ revenue.
- Gross margin
- 17.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £24.1m
- Revenue ÷ average employees.
- Profit per employee
- £1.2m
- Profit ÷ average employees.
- Cash conversion
- −46.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲20%
- Now £4.5m
- Cash at bank
- ▼21%
- Now £3.3m
- Headcount
- 0%
- Now 2
- Deferred income
- ▲1285%
- Now £65.8k
- Fixed assets
- 0%
- Now £4.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Bosh UK Holdings Limitedultimate parent75–100%
- STS UK Holdings Ltd75–100%
- Inco Construction Group Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Cki Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Sep 2024 (profit £2.4m), from the Companies House accounts bulk data published Jun 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.