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Company No. NI026999 · Incorporated 9 Nov 1992

Parkelect Limited

Registered name: PARKELECT LIMITED

Part of Westbank Group Limited group

Parkelect Limited made £29.9m revenue and £6.8m profit in the year to 31 Aug 2025.

Parkelect Limited’s revenue fell 7% to £29.9m in the year to 31 Aug 2025, with £6.8m profit and 57 employees. The company is classified under “wholesale of other machinery and equipment” and is based in Belfast; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46690Wholesale of other machinery and equipment
Status
Active
Location
Belfast, Northern Ireland
Age
33 yrs · since 1992
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 Aug 2025

Key figures

Cash flow filed
Revenue
£29.9m
Growth ▼6.8%
Profit
£6.8m
Growth ▼2.6%
Profit margin
22.6%
Gross 18.9%
Employees
57
Change 0%
Profit / employee
£119k
Revenue/employee £525k
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Aug 202431 Aug 2025
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£32.1m£29.9m
Cost of sales£26.3m£24.3m
Gross profit£5.9m£5.7m
Operating profit£2.5m£1.5m
Profit before tax£7.5m£7.2m
Profit after tax£6.9m£6.8m
Profit (best available)£6.9m£6.8m
Staff costs£2.6m£3.2m
Employees (average)5757
Ratios
Profit margin21.6%22.6%
Gross margin18.3%18.9%
Revenue per employee£564k£525k
Profit per employee£122k£119k
Cash conversion80.3%210.9%
Growth (year on year)
Revenue growth—▼6.8%
Profit growth—▼2.6%
Headcount growth—0%
Balance sheet — indirect signals, not revenue
Cash at bank−£888k£110k
Net assets£9m£9.2m
Fixed assets£6.2m£7.3m
Current assets£27.4m£25.7m
Debtors£10m£6.2m
Cash from operations£2m£3.2m
SourceReports and Financial Statements · bulk data Apr 2026Reports and Financial Statements · bulk data Apr 2026
Derived from the latest filing

How the business works

Profit margin
22.6%
Profit ÷ revenue.
Gross margin
18.9%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£525k
Revenue ÷ average employees.
Profit per employee
£119k
Profit ÷ average employees.
Cash conversion
210.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
24.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
20.8%
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
▲2%
Now £9.2m
Cash at bank
—
Now £110k
Headcount
0%
Now 57
Deferred income
—
Now —
Fixed assets
▲18%
Now £7.3m
Corporate ownership

Group structure

Ownership chain

  1. Westbank Group Limitedultimate parent75–100%
  2. Parkelect Limitedthis company

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

Subsidiaries (2)

Sister companies (3)

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 Reports and Financial Statements for the year to 31 Aug 2025 (profit £6.8m), from the Companies House accounts bulk data published Apr 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.