Peerless Europe Ltd.
Registered name: PEERLESS EUROPE LTD.
Part of Ceco Environmental Corporation groupPeerless Europe Ltd. made £10.5m revenue and a £8.2m loss in the year to 31 Dec 2024.
Peerless Europe Ltd.’s revenue grew 69% to £10.5m in the year to 31 Dec 2024, with a loss of £8.2m and 10 employees. The company is classified under “other manufacturing” and is based in Stansted; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Stansted
- Age
- 35 yrs · since 1991
- 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) | £11.6m | £6.2m | £10.5m |
| Cost of sales | −£9.4m | −£4.6m | −£7.6m |
| Gross profit | £2.2m | £1.6m | £2.9m |
| Operating profit | £390k | −£130k | −£8.8m |
| Profit before tax | £352k | −£346k | −£7.9m |
| Profit after tax | £257k | −£346k | −£8.2m |
| Profit (best available) | £257k | −£346k | −£8.2m |
| Employees (average) | 10 | 9 | 10 |
| Ratios | |||
| Profit margin | 2.2% | −5.6% | −78.2% |
| Gross margin | 19.4% | 26.2% | 27.7% |
| Revenue per employee | £1.2m | £685k | £1m |
| Profit per employee | £25.7k | −£38.5k | −£817k |
| Growth (year on year) | |||
| Revenue growth | — | ▼46.9% | ▲69.4% |
| Profit growth | — | ▼234.4% | — |
| Headcount growth | — | ▼10% | ▲11.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2025 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −78.2%
- Profit ÷ revenue.
- Gross margin
- 27.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1m
- Revenue ÷ average employees.
- Profit per employee
- −£817k
- 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
- ▲11%
- Now 10
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Ceco Environmental Corporation (registered outside the UK register)ultimate parent75–100%
- Peerless Europe Ltd.this company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Environmental Integrated Solutions LimitedRev. £10m · Profit £909k
- Malvar Engineering LimitedRev. — · Profit −£60
- Western Air Ducts (UK) 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 −£8.2m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 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.