How much does Peter McCormack & Sons Limited make?

Peter McCormack & Sons Limited reported revenue of £24.1m and £4.7m profit in the year to 21 Oct 2024, according to its accounts filed at Companies House.

How many employees does Peter McCormack & Sons Limited have?

Peter McCormack & Sons Limited reported an average of 22 employees in the year to 21 Oct 2024.

Is Peter McCormack & Sons Limited profitable?

Yes — Peter McCormack & Sons Limited reported a profit of £4.7m in the year to 21 Oct 2024.

Company No. NI038813 · Incorporated 16 Jun 2000

Peter McCormack & Sons Limited

Registered name: PETER MCCORMACK & SONS LIMITED

Part of Oat Topco Limited group

Peter McCormack & Sons Limited made £24.1m revenue and £4.7m profit in the year to 21 Oct 2024. read from filing text

Peter McCormack & Sons Limited’s revenue was £24.1m in the year to 21 Oct 2024, with £4.7m profit and 22 employees. The company is classified under “construction of utility projects for electricity and telecommunications”; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 42220Construction of utility projects for electricity and telecommunications

Status: Active
Location: Northern Ireland
Age: 26 yrs · since 2000
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. From the filing: “The company was acquired by OCU Utility Services Limited on 22 October 2024. From this date, the ultimate parent undertaking is Triton Managers V Limited, a company registered in Jersey, with register”

Latest accounts · year to 21 Oct 2024

Key figures

Cash flow filed

Revenue

£24.1m

Growth —

Profit

£4.7m

Growth —

Profit margin

19.5%

Gross 36.6%

Employees

Change —

Profit / employee

£213k

Revenue/employee £1.1m

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2022	30 Jun 2023	21 Oct 2024
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£16.4m	£24.1m
Cost of sales	—	£12.8m	£15.3m
Gross profit	—	£3.6m	£8.8m
Operating profit	—	£2.4m	£6.4m
Profit before tax	—	£2.3m	£6.3m
Profit after tax	—	£2m	£4.7m
Profit (best available)	—	£2m	£4.7m
Staff costs	—	£1.4m	£2.8m
Employees (average)	22	25	22
Ratios
Profit margin	—	12.1%	19.5%
Gross margin	—	22%	36.6%
Revenue per employee	—	£655k	£1.1m
Profit per employee	—	£79.4k	£213k
Cash conversion	—	−93.4%	−131.7%
Growth (year on year)
Headcount growth	—	▲13.6%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£1.3m	£585k	£3.5m
Net assets	£5.7m	£7.6m	£10.7m
Fixed assets	£4.6m	£6.7m	£5.8m
Current assets	£4.2m	£4.9m	£8.5m
Debtors	£646k	£1.8m	£721k
Deferred income	£51.8k	£79.9k	£14k
Cash from operations	—	−£2.2m	−£8.4m
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 19.5%; Profit ÷ revenue.
Gross margin: 36.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.1m; Revenue ÷ average employees.
Profit per employee: £213k; Profit ÷ average employees.
Cash conversion: −131.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 24.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3%; 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: —; Now £10.7m
Cash at bank: —; Now £3.5m
Headcount: —; Now 22
Deferred income: —; Now £14k
Fixed assets: —; Now £5.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Oat Topco Limitedultimate parent75–100%
Oat Holdco Limited75–100%
Oat Bidco Limited75–100%
Ocu Holdings Limited75–100%
Ocu Group Ltd75–100%
Ocu Utility Services Limited75–100%
Carmar Ltd75–100%
Peter McCormack & Sons 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 21 Oct 2024 (profit £4.7m), from the Companies House accounts bulk data published Jun 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.