T.gray Groundworks Ltd
Registered name: T.GRAY GROUNDWORKS LTD
T.gray Groundworks Ltd made £1.6m revenue and £149k profit in the year to 28 Feb 2025.
T.gray Groundworks Ltd’s revenue grew 2% to £1.6m in the year to 28 Feb 2025, with £149k profit and 8 employees. The company is classified under “construction of other civil engineering projects” and is based in Muir of Ord; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Muir of Ord, Scotland
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 29 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £1.6m | £1.6m |
| Gross profit | — | — | £702k | £502k |
| Profit before tax | — | — | £460k | £149k |
| Profit after tax | — | — | £460k | £149k |
| Profit (best available) | — | — | £460k | £149k |
| Employees (average) | 5 | 5 | 8 | 8 |
| Ratios | ||||
| Profit margin | — | — | 29.4% | 9.3% |
| Gross margin | — | — | 44.9% | 31.5% |
| Revenue per employee | — | — | £196k | £200k |
| Profit per employee | — | — | £57.5k | £18.7k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲1.9% |
| Profit growth | — | — | — | ▼67.6% |
| Headcount growth | — | 0% | ▲60% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | £35.3k | £82.2k | £28.8k |
| Net assets | £106k | £226k | £649k | £761k |
| Fixed assets | £340k | £417k | £795k | £864k |
| Current assets | £68.5k | £119k | £170k | £140k |
| Debtors | — | £83.2k | £87.5k | £111k |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | AbridgedAccounts · bulk data Mar 2025 | AbridgedAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 9.3%
- Profit ÷ revenue.
- Gross margin
- 31.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £200k
- Revenue ÷ average employees.
- Profit per employee
- £18.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 54.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7%
- 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
- ▲17%
- Now £761k
- Cash at bank
- ▼65%
- Now £28.8k
- Headcount
- 0%
- Now 8
- Deferred income
- —
- Now —
- Fixed assets
- ▲9%
- Now £864k
Similar profitable businesses
- M&D Foundations Eastern LimitedDoncaster · Construction of other civil engineering projects n.e.c.
- Revenue
- £1.2m
- Profit
- £1
- Staff
- 1
- Elite Architectural Systems LimitedWelwyn Garden City · Construction of other civil engineering projects n.e.c.
- Revenue
- £2.2m
- Profit
- £66.4k
- Staff
- 13
- Midlands Civil Engineering & Plant Hire LimitedNottingham · Construction of other civil engineering projects n.e.c.
- Revenue
- £1.2m
- Profit
- £126k
- Staff
- 4
- Clear Route Utility Services LimitedLondon · Construction of other civil engineering projects n.e.c.
- Revenue
- £2.3m
- Profit
- £120k
- Staff
- 8
- Bethell Group PLCKearsley · Construction of other civil engineering projects n.e.c.
- Revenue
- £2.3m
- Profit
- £23.8k
- Staff
- 4
- UK & European Construction LtdMitcham · Construction of other civil engineering projects n.e.c.
- Revenue
- £1.1m
- Profit
- £34k
- Staff
- 10
Sources
Latest figures from AbridgedAccounts for the year to 28 Feb 2025 (profit £149k), 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.