How much does Gcu (UK) Limited make?

Gcu (UK) Limited reported revenue of £42.4m and £3.9m profit in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Gcu (UK) Limited have?

Gcu (UK) Limited reported an average of 78 employees in the year to 31 Oct 2024.

Is Gcu (UK) Limited profitable?

Yes — Gcu (UK) Limited reported a profit of £3.9m in the year to 31 Oct 2024.

Company No. NI620995 · Incorporated 18 Oct 2013

Gcu (UK) Limited

Registered name: GCU (UK) LIMITED

Part of Gallagher Properties (S) Ltd group

Gcu (UK) Limited made £42.4m revenue and £3.9m profit in the year to 31 Oct 2024.

Gcu (UK) Limited’s revenue fell 34% to £42.4m in the year to 31 Oct 2024, with £3.9m profit and 78 employees. The company is classified under “construction of utility projects for electricity and telecommunications” and is based in Derry; 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: Derry, Northern Ireland
Age: 12 yrs · since 2013
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 Oct 2024

Key figures

Revenue

£42.4m

Growth ▼34.2%

Profit

£3.9m

Growth ▼10.5%

Profit margin

9.2%

Gross 30.5%

Employees

Change ▼32.8%

Profit / employee

£50.2k

Revenue/employee £543k

Profitable streak

3yrs

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	31 Oct 2022	31 Oct 2023	31 Oct 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£58.1m	£64.3m	£42.4m
Cost of sales	£41.8m	£48.2m	£29.4m
Gross profit	£16.4m	£16.2m	£12.9m
Operating profit	£7.7m	£5.3m	£4.2m
Profit before tax	£7.8m	£5.3m	£4.8m
Profit after tax	£6.1m	£4.4m	£3.9m
Profit (best available)	£6.1m	£4.4m	£3.9m
Staff costs	£3.8m	£5.5m	£4.3m
Employees (average)	86	116	78
Ratios
Profit margin	10.4%	6.8%	9.2%
Gross margin	28.2%	25.1%	30.5%
Revenue per employee	£676k	£555k	£543k
Profit per employee	£70.5k	£37.7k	£50.2k
Cash conversion	−40.5%	−148.1%	—
Growth (year on year)
Revenue growth	—	▲10.7%	▼34.2%
Profit growth	—	▼27.9%	▼10.5%
Headcount growth	—	▲34.9%	▼32.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.9m	£4.6m	£2m
Net assets	£12m	£16.3m	£20.1m
Fixed assets	£1.8m	£8.1m	£14.7m
Current assets	£17.1m	£14.4m	£11.4m
Debtors	£5.9m	£5.2m	£2.9m
Deferred income	£451k	£599k	£374k
Cash from operations	−£3.1m	−£7.8m	—
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 9.2%; Profit ÷ revenue.
Gross margin: 30.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £543k; Revenue ÷ average employees.
Profit per employee: £50.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 34.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.9%; 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: ▲23%; Now £20.1m
Cash at bank: ▼56%; Now £2m
Headcount: ▼33%; Now 78
Deferred income: ▼38%; Now £374k
Fixed assets: ▲82%; Now £14.7m

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

Gallagher Properties (S) Ltdultimate parent75–100%
Gcu (UK) Limitedthis company

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

Sister companies (1)

Fibreplan LimitedFigures not disclosed

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2024 (profit £3.9m), from the Companies House accounts bulk data published Jul 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.