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Company No. SC043459 · Incorporated 3 May 1966

Devol Engineering Limited

Registered name: DEVOL ENGINEERING LIMITED

Part of James Walker Group Limited group

Devol Engineering Limited made £10.8m revenue and a £1k loss in the year to 31 Mar 2025.

Devol Engineering Limited’s revenue grew 8% to £10.8m in the year to 31 Mar 2025, with a loss of £1k and 110 employees. The company is classified under “manufacture of other plastic products” and is based in Gourock; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22290Manufacture of other plastic products
Status
Active
Location
Gourock, Scotland
Age
60 yrs · since 1966
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 Mar 2025

Key figures

Doing more with less
Revenue
£10.8m
Growth ▲8%
Profit
−£1k
Growth —
Profit margin
0%
 
Employees
110
Change ▼3.5%
Profit / employee
−£9
Revenue/employee £98.6k
Profitable streak
0yrs
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 to31 Mar 202331 Mar 202431 Mar 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£9.1m£10m£10.8m
Operating profit−£2m−£727k£188k
Profit before tax−£2.2m−£966k−£1k
Profit after tax−£2.2m−£966k−£1k
Profit (best available)−£2.2m−£966k−£1k
Staff costs£4.6m£5.1m£5.3m
Employees (average)111114110
Ratios
Profit margin−23.9%−9.6%0%
Revenue per employee£81.9k£88.1k£98.6k
Profit per employee−£19.6k−£8.5k−£9
Growth (year on year)
Revenue growth—▲10.5%▲8%
Headcount growth—▲2.7%▼3.5%
Balance sheet — indirect signals, not revenue
Cash at bank£30k£16k£1k
Net assets£273k£2.3m£2.3m
Fixed assets£1.6m£1.8m£1.8m
Current assets£3.6m£4.1m£4.2m
Debtors£1.5m£1.6m£1.4m
Deferred income£543k£516k£393k
SourceFullAccounts · bulk data Oct 2024FullAccounts · bulk data Oct 2024FullAccounts · bulk data Oct 2025
Derived from the latest filing

How the business works

Profit margin
0%
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£98.6k
Revenue ÷ average employees.
Profit per employee
−£9
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
16.7%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
3.6%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
12.8%
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
▼1%
Now £2.3m
Cash at bank
▼94%
Now £1k
Headcount
▼4%
Now 110
Deferred income
▼24%
Now £393k
Fixed assets
▲3%
Now £1.8m

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

  1. James Walker Group Limitedultimate parent75–100%
  2. Devol Engineering Limitedthis company

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

Subsidiaries (4)

Sister companies (18)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£1k), from the Companies House accounts bulk data published Oct 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.