How much does Ashe Construction Limited make?

Ashe Construction Limited reported revenue of £89.6m and £4.9m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ashe Construction Limited have?

Ashe Construction Limited reported an average of 103 employees in the year to 31 Dec 2024.

Is Ashe Construction Limited profitable?

Yes — Ashe Construction Limited reported a profit of £4.9m in the year to 31 Dec 2024.

Company No. 02373535 · Incorporated 18 Apr 1989

Ashe Construction Limited

Registered name: ASHE CONSTRUCTION LIMITED

Part of Ashe Group Holdings Limited group

Ashe Construction Limited made £89.6m revenue and £4.9m profit in the year to 31 Dec 2024.

Ashe Construction Limited’s revenue grew 42% to £89.6m in the year to 31 Dec 2024, with £4.9m profit and 103 employees. The company is classified under “construction of other civil engineering projects” and is based in Hitchin; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 42990Construction of other civil engineering projects n.e.c.

Status: Active
Location: Hitchin, East of England
Age: 37 yrs · since 1989
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Ashe Group Holdings Ltd”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£89.6m

Growth ▲41.7%

Profit

£4.9m

Growth ▲122.5%

Profit margin

5.4%

Gross 13.9%

Employees

103

Change ▲4%

Profit / employee

£47.1k

Revenue/employee £870k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£63.2m	£89.6m
Cost of sales	£55.5m	£77.1m
Gross profit	£7.7m	£12.5m
Operating profit	£2m	£5.9m
Profit before tax	£2.4m	£6.5m
Profit after tax	£2.2m	£4.9m
Profit (best available)	£2.2m	£4.9m
Staff costs	£8.9m	£11.1m
Employees (average)	99	103
Ratios
Profit margin	3.5%	5.4%
Gross margin	12.2%	13.9%
Revenue per employee	£638k	£870k
Profit per employee	£22k	£47.1k
Cash conversion	−321.3%	−181.8%
Growth (year on year)
Revenue growth	—	▲41.7%
Profit growth	—	▲122.5%
Headcount growth	—	▲4%
Balance sheet — indirect signals, not revenue
Cash at bank	£15.3m	£19.9m
Net assets	£5.9m	£5.3m
Fixed assets	£459k	£618k
Current assets	£29m	£32.2m
Debtors	£7.1m	£7.6m
Cash from operations	−£6.6m	−£10.6m
Source	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: 5.4%; Profit ÷ revenue.
Gross margin: 13.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £870k; Revenue ÷ average employees.
Profit per employee: £47.1k; Profit ÷ average employees.
Cash conversion: −181.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼11%; Now £5.3m
Cash at bank: ▲30%; Now £19.9m
Headcount: ▲4%; Now 103
Deferred income: —; Now —
Fixed assets: ▲35%; Now £618k

Corporate ownership

Group structure

Ownership chain

Ashe Group Holdings Limitedultimate parent75–100%
Ashe Construction Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (3)

Ashe Roofing LimitedRev. £19.3m · Profit £1.1m
Ashe Developments LimitedFigures not disclosed
Saffire Services LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £4.9m), from the Companies House accounts bulk data published Aug 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.