Hill Engineering Limited
Registered name: HILL ENGINEERING LIMITED
Part of W.i. Hill Holdings Limited groupHill Engineering Limited made £14.5m revenue and £3.7m profit in the year to 31 Dec 2024.
Hill Engineering Limited’s revenue fell 30% to £14.5m in the year to 31 Dec 2024, with £3.7m profit and 53 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Newry; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Newry
- Age
- 26 yrs · since 1999
- 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) | £20.7m | £14.5m |
| Cost of sales | £10.9m | £7.2m |
| Gross profit | £9.8m | £7.3m |
| Operating profit | £7m | £4.2m |
| Profit before tax | £7m | £4.2m |
| Profit after tax | £6.2m | £3.7m |
| Profit (best available) | £6.2m | £3.7m |
| Staff costs | £2.3m | £2m |
| Employees (average) | 66 | 53 |
| Ratios | ||
| Profit margin | 30.1% | 25.6% |
| Gross margin | 47.5% | 50.7% |
| Revenue per employee | £314k | £274k |
| Profit per employee | £94.5k | £70k |
| Growth (year on year) | ||
| Revenue growth | — | ▼30% |
| Profit growth | — | ▼40.5% |
| Headcount growth | — | ▼19.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.6m | £1.5m |
| Net assets | £25.8m | £5.8m |
| Fixed assets | £1.5m | £1.6m |
| Current assets | £25.9m | £6.3m |
| Debtors | £2.9m | £1.8m |
| Deferred income | £159k | £114k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 25.6%
- Profit ÷ revenue.
- Gross margin
- 50.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £274k
- Revenue ÷ average employees.
- Profit per employee
- £70k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 10.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.6%
- 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
- ▼78%
- Now £5.8m
- Cash at bank
- ▼9%
- Now £1.5m
- Headcount
- ▼20%
- Now 53
- Deferred income
- ▼28%
- Now £114k
- Fixed assets
- ▲1%
- Now £1.6m
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
- W.i. Hill Holdings Limitedultimate parent75–100%
- Hill Engineering Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Hiltec Designs LtdFigures not disclosed
- Whitehill House LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £3.7m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.