Smith Construction (Heckington) Limited
Registered name: SMITH CONSTRUCTION (HECKINGTON) LIMITED
Part of Melbourne Holdings Limited groupSmith Construction (Heckington) Limited made £17.1m revenue and £628k profit in the year to 31 Dec 2025.
Smith Construction (Heckington) Limited’s revenue grew 13% to £17.1m in the year to 31 Dec 2025, with £628k profit and 50 employees. The company is classified under “construction of other civil engineering projects” and is based in Sleaford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Sleaford, East Midlands
- Age
- 34 yrs · since 1992
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £11.6m | £15m | £15.1m | £17.1m |
| Cost of sales | £9.7m | £12.5m | £12.6m | £14.5m |
| Gross profit | £1.9m | £2.5m | £2.6m | £2.6m |
| Operating profit | £531k | £1m | £995k | £906k |
| Profit before tax | £519k | £1m | £957k | £868k |
| Profit after tax | £402k | £751k | £759k | £628k |
| Profit (best available) | £402k | £751k | £759k | £628k |
| Staff costs | £2.2m | £2.3m | £2.5m | £2.6m |
| Employees (average) | 53 | 51 | 53 | 50 |
| Ratios | ||||
| Profit margin | 3.5% | 5% | 5% | 3.7% |
| Gross margin | 16.3% | 16.9% | 17% | 15% |
| Revenue per employee | £220k | £295k | £285k | £342k |
| Profit per employee | £7.6k | £14.7k | £14.3k | £12.6k |
| Cash conversion | −88.5% | −161.3% | −98.5% | −206.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲29.1% | ▲0.6% | ▲13% |
| Profit growth | — | ▲87% | ▲1% | ▼17.3% |
| Headcount growth | — | ▼3.8% | ▲3.9% | ▼5.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £947k | £976k | £1.4m | £1.3m |
| Net assets | £2.2m | £2m | £2.7m | £2.4m |
| Fixed assets | £1.5m | £1.8m | £1.8m | £2m |
| Current assets | £3.6m | £3.6m | £5.1m | £3.8m |
| Debtors | £2.1m | £1.4m | £2.6m | £2.1m |
| Deferred income | £684k | £717k | £744k | £956k |
| Cash from operations | −£470k | −£1.7m | −£980k | −£1.9m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 3.7%
- Profit ÷ revenue.
- Gross margin
- 15%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £342k
- Revenue ÷ average employees.
- Profit per employee
- £12.6k
- Profit ÷ average employees.
- Cash conversion
- −206.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 11.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.5%
- 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
- ▼14%
- Now £2.4m
- Cash at bank
- ▼6%
- Now £1.3m
- Headcount
- ▼6%
- Now 50
- Deferred income
- ▲29%
- Now £956k
- Fixed assets
- ▲12%
- Now £2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Melbourne Holdings Limitedultimate parent75–100%
- Melbourne Food Group Limited75–100%
- Melbourne Construction Limited75–100%
- Smith Construction (Heckington) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (9)
- Cathedral View Developments LimitedFigures not disclosed
- Gallery Walk LimitedFigures not disclosed
- Highgate Meadow LtdFigures not disclosed
- Ladysmith Developments LtdFigures not disclosed
- Melbourne Leisure Holdings LimitedFigures not disclosed
- Meridian Walk LimitedFigures not disclosed
- Stickney Chase LtdFigures not disclosed
- Stickney Chase Management Company LimitedFigures not disclosed
- Thorncliffs 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 Dec 2025 (profit £628k), from the Companies House accounts bulk data published Sep 2026. 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.