How much does Hyspec Engineering Limited make?

Hyspec Engineering Limited reported revenue of £4.8m and a loss of £57.2k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Hyspec Engineering Limited have?

Hyspec Engineering Limited reported an average of 60 employees in the year to 31 Dec 2025.

Is Hyspec Engineering Limited profitable?

No — Hyspec Engineering Limited reported a loss of £57.2k in the year to 31 Dec 2025.

Company No. SC371408 · Incorporated 19 Jan 2010

Hyspec Engineering Limited

Registered name: HYSPEC ENGINEERING LIMITED

Hyspec Engineering Limited made £4.8m revenue and a £57.2k loss in the year to 31 Dec 2025. read from filing text

Hyspec Engineering Limited’s revenue fell 31% to £4.8m in the year to 31 Dec 2025, with a loss of £57.2k and 60 employees. The company is classified under “manufacture of tubes, pipes, hollow profiles and related fittings, of steel” and is based in Ayrshire; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 24200Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Status: Active
Location: Ayrshire, Scotland
Age: 16 yrs · since 2010
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. From the filing: “At 31 December 2025, the company's immediate parent was Hyspec Engineering Holdings Limited. The ultimate parent undertaking and controlling party was Mohammed Al Barwani LLC. The smallest and largest”

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£4.8m

Growth ▼30.6%

Profit

−£57.2k

Growth ▼117.3%

Profit margin

−1.2%

Gross 41.2%

Employees

Change ▼9.1%

Profit / employee

−£954

Revenue/employee £80.6k

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.

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	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£6.7m	£8.8m	£7m	£4.8m
Cost of sales	£5.1m	£5.9m	£4m	£2.8m
Gross profit	£1.6m	£2.9m	£2.9m	£2m
Operating profit	−£1m	£642k	£425k	−£192k
Profit before tax	−£1.2m	£316k	£331k	−£246k
Profit after tax	−£1.2m	£443k	£331k	−£57.2k
Profit (best available)	−£1.2m	£443k	£331k	−£57.2k
Staff costs	£3.7m	£3.5m	£3m	£2.5m
Employees (average)	89	83	66	60
Ratios
Profit margin	−17.7%	5.1%	4.7%	−1.2%
Gross margin	23.7%	32.8%	42%	41.2%
Revenue per employee	£74.7k	£106k	£106k	£80.6k
Profit per employee	−£13.2k	£5.3k	£5k	−£954
Growth (year on year)
Revenue growth	—	▲31.7%	▼20.4%	▼30.6%
Profit growth	—	—	▼25.4%	▼117.3%
Headcount growth	—	▼6.7%	▼20.5%	▼9.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£25.2k	£40.7k	£72.2k	£10k
Net assets	−£925k	−£482k	−£151k	−£209k
Fixed assets	£384k	£0	—	—
Current assets	£4.4m	£3.1m	£2.2m	£2.1m
Debtors	£2.8m	£2.4m	£1.6m	£1.4m
Deferred income	£158k	£120k	£3k	£38.1k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −1.2%; Profit ÷ revenue.
Gross margin: 41.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £80.6k; Revenue ÷ average employees.
Profit per employee: −£954; 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: 0.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 29.6%; 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: —; Now −£209k
Cash at bank: ▼86%; Now £10k
Headcount: ▼9%; Now 60
Deferred income: ▲1151%; Now £38.1k
Fixed assets: —; Now —

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 −£57.2k), 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.