How much does Formatank Limited make?

Formatank Limited reported revenue of £557k and £56.9k profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Formatank Limited have?

Formatank Limited reported an average of 4 employees in the year to 31 Mar 2026.

Is Formatank Limited profitable?

Yes — Formatank Limited reported a profit of £56.9k in the year to 31 Mar 2026.

Company No. SC419774 · Incorporated 19 Mar 2012

Formatank Limited

Registered name: FORMATANK LIMITED

Formatank Limited made £557k revenue and £56.9k profit in the year to 31 Mar 2026.

Formatank Limited’s revenue fell 8% to £557k in the year to 31 Mar 2026, with £56.9k profit and 4 employees. The company is classified under “repair of other equipment” and is based in Selkirk; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 33190Repair of other equipment

Status: Active
Location: Selkirk, Scotland
Age: 14 yrs · since 2012
Type: Private Limited Company

Latest accounts · year to 31 Mar 2026

Key figures

IndependentSmall teamCapital-light

Revenue

£557k

Growth ▼8%

Profit

£56.9k

Growth ▲71%

Profit margin

10.2%

Gross 50.3%

Employees

Change 0%

Profit / employee

£14.2k

Revenue/employee £139k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£481k	£606k	£557k
Cost of sales	—	£292k	£372k	£277k
Gross profit	—	£190k	£234k	£280k
Operating profit	—	£40.2k	£50.3k	£91.6k
Profit before tax	—	£28.3k	£42.6k	£77.9k
Profit after tax	—	£20.3k	£33.3k	£56.9k
Profit (best available)	—	£20.3k	£33.3k	£56.9k
Employees (average)	4	4	4	4
Ratios
Profit margin	—	4.2%	5.5%	10.2%
Gross margin	—	39.4%	38.6%	50.3%
Revenue per employee	—	£120k	£151k	£139k
Profit per employee	—	£5.1k	£8.3k	£14.2k
Growth (year on year)
Revenue growth	—	—	▲25.9%	▼8%
Profit growth	—	—	▲64.3%	▲71%
Headcount growth	—	0%	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£260	£260	£20.6k
Net assets	£62.2k	£63.5k	£62.4k	£67k
Fixed assets	£56k	£42k	£36.8k	£47.8k
Current assets	£197k	£235k	£209k	£419k
Debtors	—	£228k	£182k	£388k
Deferred income	—	£1.6k	£1.8k	£138
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 10.2%; Profit ÷ revenue.
Gross margin: 50.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £139k; Revenue ÷ average employees.
Profit per employee: £14.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 69.6%; 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: ▲7%; Now £67k
Cash at bank: ▲7810%; Now £20.6k
Headcount: 0%; Now 4
Deferred income: ▼92%; Now £138
Fixed assets: ▲30%; Now £47.8k

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 Mar 2026 (profit £56.9k), from the Companies House accounts bulk data published Jul 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.