Pip Safety UK Limited
Registered name: PIP SAFETY UK LIMITED
Part of Pip Global Safety Holding UK Limited groupPip Safety UK Limited made £10m revenue and £259k profit in the year to 31 Dec 2024.
Pip Safety UK Limited’s revenue fell 2% to £10m in the year to 31 Dec 2024, with £259k profit and 18 employees. The company is classified under “other service activities” and is based in Wolverhampton; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Wolverhampton
- Age
- 53 yrs · since 1973
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £27.8m | £10.2m | £10m |
| Cost of sales | −£42.3m | −£6.4m | −£7.4m |
| Gross profit | −£14.5m | £3.8m | £2.6m |
| Operating profit | −£19.1m | £338k | £1.1m |
| Profit before tax | −£19.4m | −£599k | £278k |
| Profit after tax | −£19.4m | −£569k | £259k |
| Profit (best available) | −£19.4m | −£569k | £259k |
| Employees (average) | 25 | 19 | 18 |
| Ratios | |||
| Profit margin | −69.8% | −5.6% | 2.6% |
| Gross margin | −52.1% | 37.2% | 26.1% |
| Revenue per employee | £1.1m | £538k | £555k |
| Profit per employee | −£776k | −£29.9k | £14.4k |
| Growth (year on year) | |||
| Revenue growth | — | ▼63.2% | ▼2.2% |
| Headcount growth | — | ▼24% | ▼5.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data May 2025 | Accounts · bulk data May 2025 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 2.6%
- Profit ÷ revenue.
- Gross margin
- 26.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £555k
- Revenue ÷ average employees.
- Profit per employee
- £14.4k
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▼5%
- Now 18
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Pip Global Safety Holding UK Limitedultimate parent75–100%
- Sperian Protection Holding (UK) Ltd75–100%
- Pip Safety UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Pillar Electrical Overseas LimitedFigures not disclosed
- Unova Operations U.K. LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £259k), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.
Updated from Companies House on 22 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.