Tong Engineering Limited
Registered name: TONG ENGINEERING LIMITED
Tong Engineering Limited made £22.3m revenue and £732k profit in the year to 31 Jan 2025.
Tong Engineering Limited’s revenue grew 19% to £22.3m in the year to 31 Jan 2025, with £732k profit and 175 employees. The company is classified under “manufacture of agricultural and forestry machinery other than tractors” and is based in Spilsby; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Spilsby, East of England
- Age
- 40 yrs · since 1985
- 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 2023 | 31 Jan 2024 | 31 Jan 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £17.6m | £18.7m | £22.3m |
| Cost of sales | £14.3m | £13.8m | £16.5m |
| Gross profit | £3.4m | £4.9m | £5.7m |
| Operating profit | £375k | £956k | £1.1m |
| Profit before tax | £259k | £793k | £906k |
| Profit after tax | £355k | £622k | £732k |
| Profit (best available) | £355k | £622k | £732k |
| Staff costs | £6.7m | £7.2m | £7.8m |
| Employees (average) | 177 | 173 | 175 |
| Ratios | |||
| Profit margin | 2% | 3.3% | 3.3% |
| Gross margin | 19.1% | 26% | 25.7% |
| Revenue per employee | £99.7k | £108k | £127k |
| Profit per employee | £2k | £3.6k | £4.2k |
| Cash conversion | −159% | −146% | −119% |
| Growth (year on year) | |||
| Revenue growth | — | ▲5.7% | ▲19.3% |
| Profit growth | — | ▲75.2% | ▲17.7% |
| Headcount growth | — | ▼2.3% | ▲1.2% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £404k | £746k | £1.1m |
| Net assets | £7.5m | £8m | £8.6m |
| Fixed assets | £7.6m | £7.8m | £7.9m |
| Current assets | £7.5m | £8.4m | £7.9m |
| Debtors | £2.7m | £2.9m | £2.1m |
| Deferred income | £836k | £1.4m | £846k |
| Cash from operations | −£596k | −£1.4m | −£1.3m |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Jun 2025 |
How the business works
- Profit margin
- 3.3%
- Profit ÷ revenue.
- Gross margin
- 25.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £127k
- Revenue ÷ average employees.
- Profit per employee
- £4.2k
- Profit ÷ average employees.
- Cash conversion
- −119%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 35.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 9.3%
- 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
- ▲8%
- Now £8.6m
- Cash at bank
- ▲53%
- Now £1.1m
- Headcount
- ▲1%
- Now 175
- Deferred income
- ▼39%
- Now £846k
- Fixed assets
- ▲2%
- Now £7.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- E.j.tong & Sons(Engineering)limitedFigures not disclosed
- Peal Engineering LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £732k), from the Companies House accounts bulk data published Jun 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.