How many employees does Innovation Air Conditioning and Building Services Limited have?

Innovation Air Conditioning and Building Services Limited reported an average of 27 employees in the year to 31 Dec 2025.

Company No. 03411438 · Incorporated 30 Jul 1997

Innovation Air Conditioning and Building Services Limited

Q: Is Innovation Air Conditioning and Building Services Limited profitable?

Yes — Innovation Air Conditioning and Building Services Limited reported a profit of £2.8m in the year to 31 Dec 2025.

Registered name: INNOVATION AIR CONDITIONING AND BUILDING SERVICES LIMITED

Innovation Air Conditioning and Building Services Limited made £24.7m revenue and £2.8m profit in the year to 31 Dec 2025. read from filing text

Innovation Air Conditioning and Building Services Limited’s revenue grew 37% to £24.7m in the year to 31 Dec 2025, with £2.8m profit and 27 employees. The company is classified under “plumbing, heat and air-conditioning installation” and is based in Croydon; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43220Plumbing, heat and air-conditioning installation

Status: Active
Location: Croydon, London
Age: 29 yrs · since 1997
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightOperating leverageBoring industryCash flow filed

Revenue

£24.7m

Growth ▲37.3%

Profit

£2.8m

Growth ▲268.8%

Profit margin

11.2%

Gross 24.9%

Employees

Change ▲12.5%

Profit / employee

£102k

Revenue/employee £915k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£16.7m	£18.5m	£18m	£24.7m
Cost of sales	£15.4m	£17.1m	£15.1m	£18.5m
Gross profit	£1.3m	£1.4m	£2.9m	£6.2m
Operating profit	£395k	£368k	£1m	£3.7m
Profit before tax	£395k	£368k	£1m	£3.7m
Profit after tax	£320k	£270k	£749k	£2.8m
Profit (best available)	£320k	£270k	£749k	£2.8m
Staff costs	£1.7m	£2.1m	£2.3m	£2.9m
Employees (average)	21	25	24	27
Ratios
Profit margin	1.9%	1.5%	4.2%	11.2%
Gross margin	7.8%	7.5%	15.9%	24.9%
Revenue per employee	£797k	£742k	£749k	£915k
Profit per employee	£15.2k	£10.8k	£31.2k	£102k
Cash conversion	−292.4%	13.1%	−305.5%	−129%
Growth (year on year)
Revenue growth	—	▲10.8%	▼3%	▲37.3%
Profit growth	—	▼15.5%	▲177.3%	▲268.8%
Headcount growth	—	▲19.1%	▼4%	▲12.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.2m	£1.8m	£4.5m	£8.7m
Net assets	£1.5m	£1.6m	£2.1m	£4.5m
Fixed assets	£57k	£44.5k	£83.1k	£42.6k
Current assets	£6.7m	£5.7m	£7.8m	£10.8m
Debtors	£3m	£623k	£1.1m	£719k
Deferred income	£3.6m	£3.7m	£5.3m	£4.9m
Cash from operations	−£1.2m	£48k	−£3.1m	−£4.8m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 11.2%; Profit ÷ revenue.
Gross margin: 24.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £915k; Revenue ÷ average employees.
Profit per employee: £102k; Profit ÷ average employees.
Cash conversion: −129%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 19.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.9%; 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: ▲120%; Now £4.5m
Cash at bank: ▲94%; Now £8.7m
Headcount: ▲13%; Now 27
Deferred income: ▼7%; Now £4.9m
Fixed assets: ▼49%; Now £42.6k

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £2.8m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 22 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.