How much does SPX Cooling Technologies UK Limited make?

SPX Cooling Technologies UK Limited reported revenue of £19.9m and £2m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does SPX Cooling Technologies UK Limited have?

SPX Cooling Technologies UK Limited reported an average of 37 employees in the year to 31 Dec 2023.

Is SPX Cooling Technologies UK Limited profitable?

Yes — SPX Cooling Technologies UK Limited reported a profit of £2m in the year to 31 Dec 2023.

Company No. 03076564 · Incorporated 6 Jul 1995

SPX Cooling Technologies UK Limited

Registered name: SPX COOLING TECHNOLOGIES UK LIMITED

Part of Spx Technologies, Inc. group

SPX Cooling Technologies UK Limited made £19.9m revenue and £2m profit in the year to 31 Dec 2023.

SPX Cooling Technologies UK Limited’s revenue fell 3% to £19.9m in the year to 31 Dec 2023, with £2m profit and 37 employees. The company is classified under “manufacture of other fabricated metal products” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25990Manufacture of other fabricated metal products n.e.c.

Status: Active
Location: London, London
Age: 31 yrs · since 1995
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: “The directors regard SPX Technologies, Inc. a company incorporated in the United States of America, as the ultimate parent company and the ultimate controlling party.SPX Technologies, Inc. is the pare”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£19.9m

Growth ▼2.7%

Profit

£2m

Growth ▲5.7%

Profit margin

10.3%

Gross 27.7%

Employees

Change ▼2.6%

Profit / employee

£55.1k

Revenue/employee £537k

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 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£20.4m	£19.9m
Cost of sales	£15.1m	£14.4m
Gross profit	£5.3m	£5.5m
Operating profit	£2.2m	£1.4m
Profit before tax	£2.3m	£2.1m
Profit after tax	£1.9m	£2m
Profit (best available)	£1.9m	£2m
Staff costs	£2.6m	£2.7m
Employees (average)	38	37
Ratios
Profit margin	9.4%	10.3%
Gross margin	26%	27.7%
Revenue per employee	£538k	£537k
Profit per employee	£50.8k	£55.1k
Growth (year on year)
Revenue growth	—	▼2.7%
Profit growth	—	▲5.7%
Headcount growth	—	▼2.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£11.5m	£17.2m
Net assets	£13.1m	£15.1m
Fixed assets	£653k	£503k
Current assets	£21.6m	£24.2m
Debtors	£7m	£5.5m
Deferred income	£4.8m	£4.4m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 10.3%; Profit ÷ revenue.
Gross margin: 27.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £537k; Revenue ÷ average employees.
Profit per employee: £55.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 22.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 27.6%; 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: ▲16%; Now £15.1m
Cash at bank: ▲50%; Now £17.2m
Headcount: ▼3%; Now 37
Deferred income: ▼8%; Now £4.4m
Fixed assets: ▼23%; Now £503k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Spx Technologies, Inc. (registered outside the UK register)ultimate parent75–100%
Marley Cooling Tower (Holdings) Limited75–100%
SPX Cooling Technologies UK Limitedthis company

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

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £2m), from the Companies House accounts bulk data published Jul 2024. 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.