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Company No. SC019963 · Incorporated 25 Sep 1937

Veitchi Flooring Limited

Registered name: VEITCHI FLOORING LIMITED

Veitchi Flooring Limited made £11.4m revenue and £643k profit in the year to 30 Nov 2025. read from filing text

Veitchi Flooring Limited’s revenue fell 1% to £11.4m in the year to 30 Nov 2025, with £643k profit and 58 employees. The company is classified under “other building completion and finishing” and is based in Glasgow; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43390Other building completion and finishing
Status
Active
Location
Glasgow, Scotland
Age
89 yrs · since 1937
Type
Private Limited Company
Latest accounts · year to 30 Nov 2025

Key figures

IndependentCapital-light
Revenue
£11.4m
Growth ▼1.3%
Profit
£643k
Growth ▼7.6%
Profit margin
5.6%
Gross 19.2%
Employees
58
Change ▼6.5%
Profit / employee
£11.1k
Revenue/employee £197k
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 to30 Nov 202330 Nov 202430 Nov 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£14.7m£11.6m£11.4m
Cost of sales£13.2m£9.4m£9.2m
Gross profit£1.5m£2.2m£2.2m
Operating profit−£40.8k£468k£643k
Profit before tax£54.3k£775k£803k
Profit after tax£153k£695k£643k
Profit (best available)£153k£695k£643k
Staff costs£3.2m£3.8m£3.9m
Employees (average)616258
Ratios
Profit margin1%6%5.6%
Gross margin10.4%18.8%19.2%
Revenue per employee£241k£187k£197k
Profit per employee£2.5k£11.2k£11.1k
Growth (year on year)
Revenue growth—▼21.1%▼1.3%
Profit growth—▲353.6%▼7.6%
Headcount growth—▲1.6%▼6.5%
Balance sheet — indirect signals, not revenue
Cash at bank£275k£809k£393k
Net assets£751k£750k£750k
Fixed assets£37.1k£85.7k£68.4k
Current assets£3.3m£4m£3.5m
Debtors£1m£662k£776k
Deferred income£1.4m£1.6m£1.8m
SourceFullAccounts · bulk data May 2025FullAccounts · bulk data May 2025FullAccounts · bulk data Apr 2026
Derived from the latest filing

How the business works

Profit margin
5.6%
Profit ÷ revenue.
Gross margin
19.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£197k
Revenue ÷ average employees.
Profit per employee
£11.1k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
15.6%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
6.8%
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
▲0%
Now £750k
Cash at bank
▼51%
Now £393k
Headcount
▼6%
Now 58
Deferred income
▲13%
Now £1.8m
Fixed assets
▼20%
Now £68.4k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal 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 30 Nov 2025 (profit £643k), from the Companies House accounts bulk data published Apr 2026. 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.