How much does STS Defence Limited make?

STS Defence Limited reported revenue of £11.8m and £819k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does STS Defence Limited have?

STS Defence Limited reported an average of 157 employees in the year to 31 Dec 2023.

Is STS Defence Limited profitable?

Yes — STS Defence Limited reported a profit of £819k in the year to 31 Dec 2023.

Company No. 03193298 · Incorporated 1 May 1996

STS Defence Limited

Registered name: STS DEFENCE LIMITED

Part of Cicor Technologies Ltd group

STS Defence Limited made £11.8m revenue and £819k profit in the year to 31 Dec 2023.

STS Defence Limited’s revenue was £11.8m in the year to 31 Dec 2023, with £819k profit and 157 employees. The company is classified under “other manufacturing” and is based in Gosport; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32990Other manufacturing n.e.c.SIC 43210Electrical installation SIC 61900Other telecommunications activities SIC 84220Defence activities

Status: Active
Location: Gosport, South East
Age: 30 yrs · since 1996
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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£11.8m

Growth —

Profit

£819k

Growth —

Profit margin

Gross 30%

Employees

157

Change —

Profit / employee

£5.2k

Revenue/employee £75.1k

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	30 Jun 2023	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.5m	£11.8m
Cost of sales	£18.9m	£8.3m
Gross profit	£8.7m	£3.5m
Operating profit	£4.2m	£1.1m
Profit before tax	£4.2m	£1.1m
Profit after tax	£3.6m	£819k
Profit (best available)	£3.6m	£819k
Employees (average)	158	157
Ratios
Profit margin	12.9%	7%
Gross margin	31.5%	30%
Revenue per employee	£174k	£75.1k
Profit per employee	£22.5k	£5.2k
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£1.7m
Net assets	£7.6m	£8.4m
Fixed assets	£519k	£509k
Current assets	£14.7m	£14m
Debtors	£4.6m	£3.1m
Deferred income	£858k	£725k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: 7%; Profit ÷ revenue.
Gross margin: 30%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £75.1k; Revenue ÷ average employees.
Profit per employee: £5.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 26.2%; 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: —; Now £8.4m
Cash at bank: —; Now £1.7m
Headcount: —; Now 157
Deferred income: —; Now £725k
Fixed assets: —; Now £509k

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

Cicor Technologies Ltd (registered outside the UK register)ultimate parent75–100%
Cicor UK Ltd75–100%
STS Defence Limitedthis company

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

Sister companies (3)

Axis Electronics LimitedRev. £41.9m · Profit £7m
Cicor Newport LtdRev. £33.6m · Profit £2.9m
Cicor Hartlepool LtdRev. £25m · Profit £1.8m

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 £819k), from the Companies House accounts bulk data published Aug 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.