How much does GL Projects Ltd make?

GL Projects Ltd reported revenue of £1.2m and £220k profit in the year to 31 Jan 2026, according to its accounts filed at Companies House.

How many employees does GL Projects Ltd have?

GL Projects Ltd reported an average of 3 employees in the year to 31 Jan 2026.

Is GL Projects Ltd profitable?

Yes — GL Projects Ltd reported a profit of £220k in the year to 31 Jan 2026.

Company No. 13843141 · Incorporated 12 Jan 2022

GL Projects Ltd

Registered name: GL PROJECTS LTD

Part of GL Group Holdings Limited group

GL Projects Ltd made £1.2m revenue and £220k profit in the year to 31 Jan 2026.

GL Projects Ltd’s revenue grew 316% to £1.2m in the year to 31 Jan 2026, with £220k profit and 3 employees. The company is classified under “electrical installation” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43210Electrical installation SIC 43220Plumbing, heat and air-conditioning installation SIC 43290Other construction installation SIC 62090Other information technology service activities

Status: Active
Location: London, London
Age: 4 yrs · since 2022
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 Jan 2026

Key figures

Small teamCapital-lightYoung and profitableOperating leverageBoring industry

Revenue

£1.2m

Growth ▲316%

Profit

£220k

Growth ▲642.4%

Profit margin

18.8%

Gross 41.3%

Employees

Change 0%

Profit / employee

£73.4k

Revenue/employee £391k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2023	31 Jan 2024	31 Jan 2025	31 Jan 2026
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£282k	£1.2m
Cost of sales	—	—	£115k	£689k
Gross profit	—	—	£167k	£484k
Operating profit	—	—	£40.2k	£322k
Profit before tax	—	—	£36.8k	£294k
Profit after tax	—	—	£29.7k	£220k
Profit (best available)	—	—	£29.7k	£220k
Employees (average)	0	1	3	3
Ratios
Profit margin	—	—	10.5%	18.8%
Gross margin	—	—	59.1%	41.3%
Revenue per employee	—	—	£94k	£391k
Profit per employee	—	—	£9.9k	£73.4k
Growth (year on year)
Revenue growth	—	—	—	▲316%
Profit growth	—	—	—	▲642.4%
Headcount growth	—	—	▲200%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£550	£4.6k	£50.2k	£18.4k
Net assets	£7.4k	£67.7k	£97.4k	£318k
Fixed assets	£7.1k	£45.4k	£106k	£90.9k
Current assets	£1.8k	£303k	£102k	£568k
Debtors	£18.1k	£259k	£7.9k	£536k
Source	Accounts · bulk data Oct 2023	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Jan 2026	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 18.8%; Profit ÷ revenue.
Gross margin: 41.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £391k; Revenue ÷ average employees.
Profit per employee: £73.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 45.6%; 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: ▲226%; Now £318k
Cash at bank: ▼63%; Now £18.4k
Headcount: 0%; Now 3
Deferred income: —; Now —
Fixed assets: ▼14%; Now £90.9k

Corporate ownership

Group structure

Ownership chain

GL Group Holdings Limitedultimate parent75–100%
GL Projects Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

GL Home Developments LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2026 (profit £220k), 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.