How much does Cartwright Vehicle Conversions Limited make?

Cartwright Vehicle Conversions Limited reported revenue of £19.3m and £392k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Cartwright Vehicle Conversions Limited have?

Cartwright Vehicle Conversions Limited reported an average of 89 employees in the year to 31 Mar 2025.

Is Cartwright Vehicle Conversions Limited profitable?

Yes — Cartwright Vehicle Conversions Limited reported a profit of £392k in the year to 31 Mar 2025.

Company No. 12898420 · Incorporated 23 Sep 2020

Cartwright Vehicle Conversions Limited

Registered name: CARTWRIGHT VEHICLE CONVERSIONS LIMITED

Cartwright Vehicle Conversions Limited made £19.3m revenue and £392k profit in the year to 31 Mar 2025. read from filing text

Cartwright Vehicle Conversions Limited’s revenue fell 7% to £19.3m in the year to 31 Mar 2025, with £392k profit and 89 employees. The company is classified under “manufacture of bodies (coachwork) for motor vehicles (except caravans)” and is based in Sheffield; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 29201Manufacture of bodies (coachwork) for motor vehicles (except caravans)

Status: Active
Location: Sheffield, Yorkshire and The Humber
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-lightYoung and profitableCash flow filed

Revenue

£19.3m

Growth ▼6.7%

Profit

£392k

Growth ▲16.4%

Profit margin

Gross 18.5%

Employees

Change ▼28.2%

Profit / employee

£4.4k

Revenue/employee £217k

Profitable streak

4yrs

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£13.1m	£17.6m	£20.7m	£19.3m
Cost of sales	£11m	£15.2m	£16.9m	£15.8m
Gross profit	£2.1m	£2.4m	£3.8m	£3.6m
Operating profit	£272k	£265k	£449k	£563k
Profit before tax	£241k	£307k	£383k	£490k
Profit after tax	£275k	£378k	£337k	£392k
Profit (best available)	£275k	£378k	£337k	£392k
Staff costs	£2.3m	£2.4m	£4.1m	£4.1m
Employees (average)	73	78	124	89
Ratios
Profit margin	2.1%	2.1%	1.6%	2%
Gross margin	16.3%	13.5%	18.3%	18.5%
Revenue per employee	£180k	£226k	£167k	£217k
Profit per employee	£3.8k	£4.8k	£2.7k	£4.4k
Cash conversion	13.2%	−1067%	417%	−111.8%
Growth (year on year)
Revenue growth	—	▲34.2%	▲17.7%	▼6.7%
Profit growth	—	▲37.4%	▼10.9%	▲16.4%
Headcount growth	—	▲6.9%	▲59%	▼28.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£680k	£3.1m	£1.5m	£2m
Net assets	£577k	£955k	£1.3m	£1.7m
Fixed assets	£199k	£793k	£657k	£578k
Current assets	£5m	£8.5m	£12m	£12.3m
Debtors	£444k	£842k	£2.9m	£2.4m
Deferred income	£284k	£3.7m	£2.4m	£2.6m
Cash from operations	£36k	−£2.8m	£1.9m	−£629k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 2%; Profit ÷ revenue.
Gross margin: 18.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £217k; Revenue ÷ average employees.
Profit per employee: £4.4k; Profit ÷ average employees.
Cash conversion: −111.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.3%; 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: ▲30%; Now £1.7m
Cash at bank: ▲37%; Now £2m
Headcount: ▼28%; Now 89
Deferred income: ▲9%; Now £2.6m
Fixed assets: ▼12%; Now £578k

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 Mar 2025 (profit £392k), from the Companies House accounts bulk data published Dec 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.