Harlequin Manufacturing Limited
Registered name: HARLEQUIN MANUFACTURING LIMITED
Part of Jain Irrigation Systems Ltd groupHarlequin Manufacturing Limited made £14.2m revenue and a £156k loss in the year to 31 Dec 2024.
Harlequin Manufacturing Limited’s revenue fell 6% to £14.2m in the year to 31 Dec 2024, with a loss of £156k and 110 employees. The company is classified under “manufacture of other plastic products” and is based in Craigavon; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Craigavon, Northern Ireland
- Age
- 44 yrs · since 1981
- 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 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £15.2m | £14.2m |
| Cost of sales | £11.3m | £11m |
| Gross profit | £3.9m | £3.3m |
| Operating profit | £807k | £148k |
| Profit before tax | £600k | −£97.8k |
| Profit after tax | £410k | −£156k |
| Profit (best available) | £410k | −£156k |
| Staff costs | £4m | £4.3m |
| Employees (average) | 110 | 110 |
| Ratios | ||
| Profit margin | 2.7% | −1.1% |
| Gross margin | 25.6% | 22.9% |
| Revenue per employee | £138k | £129k |
| Profit per employee | £3.7k | −£1.4k |
| Cash conversion | 173.3% | 357.8% |
| Growth (year on year) | ||
| Revenue growth | — | ▼6.4% |
| Profit growth | — | ▼138% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £3.2k | £1.3k |
| Net assets | £5.8m | £5.6m |
| Fixed assets | £7.2m | £7.7m |
| Current assets | £4.1m | £4.2m |
| Debtors | £2.2m | £2.4m |
| Deferred income | £413k | £398k |
| Cash from operations | £1.4m | £529k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −1.1%
- Profit ÷ revenue.
- Gross margin
- 22.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £129k
- Revenue ÷ average employees.
- Profit per employee
- −£1.4k
- Profit ÷ average employees.
- Cash conversion
- 357.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 54.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.8%
- 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
- ▼3%
- Now £5.6m
- Cash at bank
- ▼61%
- Now £1.3k
- Headcount
- 0%
- Now 110
- Deferred income
- ▼4%
- Now £398k
- Fixed assets
- ▲7%
- Now £7.7m
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
- Jain Irrigation Systems Ltd (registered outside the UK register)ultimate parent75–100%
- Jain (Europe) Limited50–75%
- Harlequin Manufacturing Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Boomer Industries LimitedFigures not disclosed
- Northern Ireland Plastics LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Revenue
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- Profit
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- Staff
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- Detectamet LtdPocklington · Manufacture of other plastic products
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- Ingenia LimitedBristol · Manufacture of other plastic products
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- Profit
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- Plastech LimitedLiverpool · Manufacture of other plastic products
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- Profit
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- Kutting UK LimitedDunstable · Manufacture of other plastic products
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- SMH Products LimitedSouth Shields · Manufacture of other plastic products
- Revenue
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£156k), from the Companies House accounts bulk data published Sep 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.