Mettex Electric Company Limited
Registered name: METTEX ELECTRIC COMPANY LIMITED
Mettex Electric Company Limited made £8.7m revenue and £131k profit in the year to 31 Mar 2025.
Mettex Electric Company Limited’s revenue fell 7% to £8.7m in the year to 31 Mar 2025, with £131k profit and 62 employees. The company is classified under “manufacture of wire products, chain and springs” and is based in Banbury; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Banbury, South East
- Age
- 53 yrs · since 1973
- 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 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £7.8m | £9.4m | £8.7m |
| Cost of sales | £5.6m | £6.7m | £6.3m |
| Gross profit | £2.2m | £2.7m | £2.4m |
| Operating profit | £270k | £555k | £139k |
| Profit before tax | £270k | £560k | £185k |
| Profit after tax | £217k | £411k | £131k |
| Profit (best available) | £217k | £411k | £131k |
| Staff costs | £2.7m | £2.9m | £3m |
| Employees (average) | 65 | 63 | 62 |
| Ratios | |||
| Profit margin | 2.8% | 4.4% | 1.5% |
| Gross margin | 28.1% | 28.9% | 27.8% |
| Revenue per employee | £120k | £149k | £140k |
| Profit per employee | £3.3k | £6.5k | £2.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲20% | ▼7.3% |
| Profit growth | — | ▲89.2% | ▼68.1% |
| Headcount growth | — | ▼3.1% | ▼1.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.6m | £1.6m | £1.7m |
| Net assets | £5.1m | £5.5m | £5.6m |
| Fixed assets | £2.5m | £2.4m | £2.5m |
| Current assets | £3.9m | £4.3m | £4.6m |
| Debtors | £1.2m | £1.7m | £1.6m |
| Deferred income | £34k | £55.9k | £69.2k |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 1.5%
- Profit ÷ revenue.
- Gross margin
- 27.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £140k
- Revenue ÷ average employees.
- Profit per employee
- £2.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 28.8%
- 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
- 18.2%
- 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
- ▲1%
- Now £5.6m
- Cash at bank
- ▲3%
- Now £1.7m
- Headcount
- ▼2%
- Now 62
- Deferred income
- ▲24%
- Now £69.2k
- Fixed assets
- ▲2%
- Now £2.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Springmasters LimitedManufacture of wire products, chain and springs
- Revenue
- £9m
- Profit
- £1.2m
- Staff
- 100
- Qube Total Solutions LtdNottingham · Manufacture of wire products, chain and springs
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- HS Products LtdLeeds · Manufacture of wire products, chain and springs
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- £13.4m
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- European Springs and Pressings LimitedBeckenham · Manufacture of wire products, chain and springs
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- £17m
- Profit
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- Advanex Europe LimitedSouthwell · Manufacture of wire products, chain and springs
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- Pfeifer Drako LtdCrewe · Manufacture of wire products, chain and springs
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- £19.8m
- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £131k), from the Companies House accounts bulk data published Sep 2025. 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.