How much does Kooltech Limited make?

Kooltech Limited reported revenue of £65.2m and £3.5m profit in the year to 31 Oct 2023, according to its accounts filed at Companies House.

How many employees does Kooltech Limited have?

Kooltech Limited reported an average of 121 employees in the year to 31 Oct 2023.

Is Kooltech Limited profitable?

Yes — Kooltech Limited reported a profit of £3.5m in the year to 31 Oct 2023.

Company No. SC293806 · Incorporated 29 Nov 2005

Kooltech Limited

Registered name: KOOLTECH LIMITED

Part of Wolseley Investments Limited group

Kooltech Limited made £65.2m revenue and £3.5m profit in the year to 31 Oct 2023.

Kooltech Limited’s revenue grew 19% to £65.2m in the year to 31 Oct 2023, with £3.5m profit and 121 employees. The company is classified under “other business support service activities” and is based in Glasgow; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Glasgow, Scotland
Age: 20 yrs · since 2005
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 2023

Key figures

Capital-light

Revenue

£65.2m

Growth ▲18.6%

Profit

£3.5m

Growth ▼6.5%

Profit margin

5.4%

Gross 12.8%

Employees

121

Change ▲12%

Profit / employee

£28.9k

Revenue/employee £539k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£55m	£65.2m
Cost of sales	£47.3m	£56.9m
Gross profit	£7.7m	£8.3m
Operating profit	£4.5m	£4.3m
Profit before tax	£4.6m	£4.5m
Profit after tax	£3.7m	£3.5m
Profit (best available)	£3.7m	£3.5m
Employees (average)	108	121
Ratios
Profit margin	6.8%	5.4%
Gross margin	13.9%	12.8%
Revenue per employee	£509k	£539k
Profit per employee	£34.6k	£28.9k
Growth (year on year)
Revenue growth	—	▲18.6%
Profit growth	—	▼6.5%
Headcount growth	—	▲12%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.5m	£4.7m
Net assets	£14.6m	£18.1m
Fixed assets	£443k	£833k
Current assets	£29.7m	£35.5m
Debtors	£13m	£13.6m
Deferred income	£1.5m	£2.1m
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024

Derived from the latest filing

How the business works

Profit margin: 5.4%; Profit ÷ revenue.
Gross margin: 12.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £539k; Revenue ÷ average employees.
Profit per employee: £28.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.8%; 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: ▲24%; Now £18.1m
Cash at bank: ▲88%; Now £4.7m
Headcount: ▲12%; Now 121
Deferred income: ▲35%; Now £2.1m
Fixed assets: ▲88%; Now £833k

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

Wolseley Investments Limitedultimate parent75–100%
Wolseley Group Holdings Limited75–100%
Wolseley Group Limited75–100%
Wolseley UK Limited75–100%
Kooltech Limitedthis company

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

Sister companies (12)

C.P. Hart & Sons LimitedRev. £50.2m · Profit £2.9m
Blue Bay Building Products LimitedRev. £18.4m · Profit £1.1m
Logicool Air Conditioning & Heat Pumps LimitedRev. £11.4m · Profit £321k
Bassetts (Wolseley) LimitedFigures not disclosed
Continental Product Engineering LimitedFigures not disclosed
Ideal Bathrooms (Wolseley) LimitedFigures not disclosed
Jointing Tech LimitedFigures not disclosed
Logicool Holdings LimitedActive - Proposal to Strike offFigures not disclosed
Res-Distribution LimitedFigures not disclosed
William Wilson Holdings LimitedFigures not disclosed
Wolseley Properties LimitedFigures not disclosed
Wolseley UK Finance LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2023 (profit £3.5m), from the Companies House accounts bulk data published Mar 2024. 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.