Plug Power UK Limited
Registered name: PLUG POWER UK LIMITED
Part of Plug Power Inc groupPlug Power UK Limited made £1.5m revenue and £59.9k profit in the year to 31 Dec 2025.
Plug Power UK Limited’s revenue grew 25% to £1.5m in the year to 31 Dec 2025, with £59.9k profit and 12 employees. The company is classified under “manufacture of industrial gases” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 2 yrs · since 2023
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £1.2m | £1.5m |
| Operating profit | £75.6k | £355k |
| Profit before tax | £54.8k | £68.8k |
| Profit after tax | £48.2k | £59.9k |
| Profit (best available) | £48.2k | £59.9k |
| Staff costs | £1.1m | £975k |
| Employees (average) | 15 | 12 |
| Ratios | ||
| Profit margin | 4% | 4% |
| Revenue per employee | £79.3k | £124k |
| Profit per employee | £3.2k | £5k |
| Growth (year on year) | ||
| Revenue growth | — | ▲25.2% |
| Profit growth | — | ▲24.3% |
| Headcount growth | — | ▼20% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £6k | £23.5k |
| Net assets | £48.2k | £108k |
| Current assets | £83.2k | £288k |
| Debtors | £77.1k | £265k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 4%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £124k
- Revenue ÷ average employees.
- Profit per employee
- £5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.8%
- 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
- ▲124%
- Now £108k
- Cash at bank
- ▲289%
- Now £23.5k
- Headcount
- ▼20%
- Now 12
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Plug Power Inc (registered outside the UK register)ultimate parent75–100%
- Plug Power UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £59.9k), from the Companies House accounts bulk data published Sep 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.