How much does Connex Offsite Limited make?

Connex Offsite Limited reported revenue of £5.4m and £1.5m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Connex Offsite Limited have?

Connex Offsite Limited reported an average of 60 employees in the year to 31 Dec 2025.

Is Connex Offsite Limited profitable?

Yes — Connex Offsite Limited reported a profit of £1.5m in the year to 31 Dec 2025.

Company No. NI649510 · Incorporated 27 Nov 2017

Connex Offsite Limited

Registered name: CONNEX OFFSITE LIMITED

Connex Offsite Limited made £5.4m revenue and £1.5m profit in the year to 31 Dec 2025.

Connex Offsite Limited’s revenue fell 57% to £5.4m in the year to 31 Dec 2025, with £1.5m profit and 60 employees. The company is classified under “other construction installation” and is based in Newry; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43290Other construction installation

Status: Active
Location: Newry, Northern Ireland
Age: 8 yrs · since 2017
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentBoring industryCash flow filed

Revenue

£5.4m

Growth ▼56.7%

Profit

£1.5m

Growth ▼14.3%

Profit margin

28%

Gross 10.3%

Employees

Change ▲15.4%

Profit / employee

£25.4k

Revenue/employee £90.6k

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£12.5m	£5.4m
Cost of sales	—	—	£8.7m	£4.9m
Gross profit	—	—	£3.8m	£559k
Operating profit	—	—	£2.5m	£2.1m
Profit before tax	—	—	£2.3m	£1.8m
Profit after tax	—	—	£1.8m	£1.5m
Profit (best available)	—	—	£1.8m	£1.5m
Staff costs	—	—	£2.2m	£2.3m
Employees (average)	41	56	52	60
Ratios
Profit margin	—	—	14.2%	28%
Gross margin	—	—	30.4%	10.3%
Revenue per employee	—	—	£241k	£90.6k
Profit per employee	—	—	£34.2k	£25.4k
Cash conversion	—	—	113.7%	161.4%
Growth (year on year)
Revenue growth	—	—	—	▼56.7%
Profit growth	—	—	—	▼14.3%
Headcount growth	—	▲36.6%	▼7.1%	▲15.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£934k	£711k	£3m	£4.6m
Net assets	£1.7m	£2.1m	£3.9m	£5.4m
Fixed assets	£2.6m	£2.8m	£2.9m	£4.1m
Current assets	£2.9m	£4.1m	£6.6m	£7m
Debtors	£481k	£1.5m	£1.6m	£737k
Deferred income	£8.7k	£0	£486k	£461k
Cash from operations	—	—	£2.9m	£3.3m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 28%; Profit ÷ revenue.
Gross margin: 10.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £90.6k; Revenue ÷ average employees.
Profit per employee: £25.4k; Profit ÷ average employees.
Cash conversion: 161.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 76.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.6%; 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: ▲40%; Now £5.4m
Cash at bank: ▲53%; Now £4.6m
Headcount: ▲15%; Now 60
Deferred income: ▼5%; Now £461k
Fixed assets: ▲43%; Now £4.1m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.5m), from the Companies House accounts bulk data published Sep 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.