Modutec Limited
Registered name: MODUTEC LIMITED
Part of Envoy Capital Management Limited groupModutec Limited made £40.3m revenue and £3.2m profit in the year to 31 Mar 2025.
Modutec Limited’s revenue grew 48% to £40.3m in the year to 31 Mar 2025, with £3.2m profit and 478 employees. The company is classified under “other specialised construction activities” and is based in Aberdeen; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Aberdeen
- Age
- 24 yrs · since 2002
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £31.6m | £27.2m | £40.3m |
| Cost of sales | −£24.5m | −£21m | −£29.8m |
| Gross profit | £7.1m | £6.2m | £10.5m |
| Operating profit | £2.2m | £2.2m | £4m |
| Profit before tax | £2.2m | £2.2m | £3.8m |
| Profit after tax | £1.9m | £2.1m | £3.2m |
| Profit (best available) | £1.9m | £2.1m | £3.2m |
| Employees (average) | 315 | 373 | 478 |
| Ratios | |||
| Profit margin | 6% | 7.7% | 7.9% |
| Gross margin | 22.5% | 22.7% | 26% |
| Revenue per employee | £100k | £72.8k | £84.2k |
| Profit per employee | £6k | £5.6k | £6.6k |
| Growth (year on year) | |||
| Revenue growth | — | ▼14.1% | ▲48.2% |
| Profit growth | — | ▲10.7% | ▲51% |
| Headcount growth | — | ▲18.4% | ▲28.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2025 | Accounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 7.9%
- Profit ÷ revenue.
- Gross margin
- 26%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £84.2k
- Revenue ÷ average employees.
- Profit per employee
- £6.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲28%
- Now 478
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Envoy Capital Management Limitedultimate parent75–100%
- Envoy Group Holdings Limited75–100%
- Envoy & Partners Limited75–100%
- Modutec Holdings Limited75–100%
- Modutec Group Holdings Limited75–100%
- Modutec Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Eos Europe LtdFigures not disclosed
Sister companies (1)
- Modutec Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit £3.2m), from the Companies House accounts bulk data published Feb 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.