How much does Northern Switchgear Limited make?

Northern Switchgear Limited reported revenue of £9.7m and £583k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Northern Switchgear Limited have?

Northern Switchgear Limited reported an average of 37 employees in the year to 31 Mar 2025.

Is Northern Switchgear Limited profitable?

Yes — Northern Switchgear Limited reported a profit of £583k in the year to 31 Mar 2025.

Company No. NI055664 · Incorporated 21 Jun 2005

Northern Switchgear Limited

Registered name: NORTHERN SWITCHGEAR LIMITED

Northern Switchgear Limited made £9.7m revenue and £583k profit in the year to 31 Mar 2025.

Northern Switchgear Limited’s revenue grew 11% to £9.7m in the year to 31 Mar 2025, with £583k profit and 37 employees. The company is classified under “non-specialised wholesale trade” and is based in Belfast; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active
Location: Belfast, Northern Ireland
Age: 21 yrs · since 2005
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-lightDoing more with less

Revenue

£9.7m

Growth ▲10.5%

Profit

£583k

Growth ▼14.8%

Profit margin

Gross 36.7%

Employees

Change ▼7.5%

Profit / employee

£15.8k

Revenue/employee £261k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£8.8m	£9.7m
Cost of sales	—	—	£5.3m	£6.1m
Gross profit	—	—	£3.4m	£3.5m
Operating profit	—	—	£1m	£873k
Profit before tax	—	—	£939k	£810k
Profit after tax	—	—	£684k	£583k
Profit (best available)	—	—	£684k	£583k
Employees (average)	36	42	40	37
Ratios
Profit margin	—	—	7.8%	6%
Gross margin	—	—	38.9%	36.7%
Revenue per employee	—	—	£219k	£261k
Profit per employee	—	—	£17.1k	£15.8k
Growth (year on year)
Revenue growth	—	—	—	▲10.5%
Profit growth	—	—	—	▼14.8%
Headcount growth	—	▲16.7%	▼4.8%	▼7.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£400k	£280k	£839k	£1.3m
Net assets	£1.3m	£1.9m	£2.4m	£2.4m
Fixed assets	£312k	£284k	£243k	£227k
Current assets	£2.2m	£3m	£3.7m	£3.9m
Debtors	£1.5m	£2.3m	£2.1m	£1.8m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	AbridgedAccounts · bulk data Mar 2025	AbridgedAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 6%; Profit ÷ revenue.
Gross margin: 36.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £261k; Revenue ÷ average employees.
Profit per employee: £15.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.6%; 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: ▲1%; Now £2.4m
Cash at bank: ▲53%; Now £1.3m
Headcount: ▼8%; Now 37
Deferred income: —; Now —
Fixed assets: ▼7%; Now £227k

Corporate ownership

Group structure

Subsidiaries (1)

NSG Manufacturing LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from AbridgedAccounts for the year to 31 Mar 2025 (profit £583k), from the Companies House accounts bulk data published Dec 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.