Project Rewire Ltd
Registered name: PROJECT REWIRE LTD
Project Rewire Ltd made £529k revenue and £41.2k profit in the year to 31 Jan 2026.
Project Rewire Ltd’s revenue grew 54% to £529k in the year to 31 Jan 2026, with £41.2k profit and 8 employees. The company is classified under “electrical installation” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 3 yrs · since 2023
- 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 | 31 Jan 2024 | 31 Jan 2025 | 31 Jan 2026 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £240k | £343k | £529k |
| Cost of sales | — | £117k | £348k |
| Gross profit | — | £226k | £181k |
| Operating profit | — | −£6.7k | £41.2k |
| Profit before tax | — | −£6.7k | £41.2k |
| Profit after tax | −£18.9k | −£6.7k | £41.2k |
| Profit (best available) | −£18.9k | −£6.7k | £41.2k |
| Staff costs | £115k | — | — |
| Employees (average) | 4 | 5 | 8 |
| Ratios | |||
| Profit margin | −7.9% | −2% | 7.8% |
| Gross margin | — | 65.8% | 34.2% |
| Revenue per employee | £60.1k | £68.6k | £66.1k |
| Profit per employee | −£4.7k | −£1.3k | £5.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲42.6% | ▲54.1% |
| Headcount growth | — | ▲25% | ▲60% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | — | £0 | £15.1k |
| Net assets | £1.6k | £0 | £45.9k |
| Fixed assets | £5k | £0 | £62k |
| Current assets | £5k | £0 | £25.1k |
| Debtors | — | £0 | £0 |
| Deferred income | — | £0 | £0 |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2025 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 7.8%
- Profit ÷ revenue.
- Gross margin
- 34.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £66.1k
- Revenue ÷ average employees.
- Profit per employee
- £5.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 11.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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 £45.9k
- Cash at bank
- —
- Now £15.1k
- Headcount
- ▲60%
- Now 8
- Deferred income
- —
- Now £0
- Fixed assets
- —
- Now £62k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Micarta LtdAshford · Electrical installation
- Revenue
- £534k
- Profit
- £94.1k
- Staff
- 3
- McLarnon Electrical Contractors Ltd.Keighley · Electrical installation
- Revenue
- £523k
- Profit
- £30.4k
- Staff
- 5
- Alpha Mechanical Services LimitedLondon · Electrical installation
- Revenue
- £515k
- Profit
- £166k
- Staff
- 0
- A. C. E. Electrical Contracting Company LimitedUsk · Electrical installation
- Revenue
- £558k
- Profit
- £14.5k
- Staff
- 4
- Swiftsure Electrical LtdMaidstone · Electrical installation
- Revenue
- £500k
- Profit
- £28.5k
- Staff
- 2
- Avondale Electrical Solutions LimitedSheffield · Electrical installation
- Revenue
- £481k
- Profit
- £54.8k
- Staff
- 5
Sources
Latest figures from FullAccounts for the year to 31 Jan 2026 (profit £41.2k), 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.