Cubic Defence UK Ltd.
Registered name: CUBIC DEFENCE UK LTD.
Part of Cubic (U.K.) Limited groupCubic Defence UK Ltd. made £20.2m revenue and £3.4m profit in the year to 30 Sep 2024.
Cubic Defence UK Ltd.’s revenue grew 13% to £20.2m in the year to 30 Sep 2024, with £3.4m profit and 96 employees. The company is classified under “retail sale of telecommunications equipment other than mobile telephones” and is based in Redhill; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Redhill, South East
- Age
- 25 yrs · since 2001
- 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 | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £17.5m | £18m | £20.2m |
| Cost of sales | £10m | £12.3m | £13m |
| Gross profit | £7.5m | £5.7m | £7.2m |
| Operating profit | −£2.2m | £1.9m | £4.5m |
| Profit before tax | −£3.1m | £2.1m | £4.5m |
| Profit after tax | −£2.9m | £2.2m | £3.4m |
| Profit (best available) | −£2.9m | £2.2m | £3.4m |
| Employees (average) | 93 | 90 | 96 |
| Ratios | |||
| Profit margin | −16.4% | 12.2% | 16.7% |
| Gross margin | 42.6% | 31.8% | 35.5% |
| Revenue per employee | £188k | £200k | £211k |
| Profit per employee | −£30.9k | £24.3k | £35.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲2.7% | ▲12.6% |
| Profit growth | — | — | ▲54.8% |
| Headcount growth | — | ▼3.2% | ▲6.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £3.9m | £2.3m | £1.6m |
| Net assets | −£4.1m | −£1.9m | £1.5m |
| Fixed assets | £2m | £1.7m | £1.5m |
| Current assets | £13.8m | £12.4m | £12.6m |
| Debtors | £39.4k | £0 | £756k |
| Deferred income | £486k | £418k | £1m |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2025 |
How the business works
- Profit margin
- 16.7%
- Profit ÷ revenue.
- Gross margin
- 35.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £211k
- Revenue ÷ average employees.
- Profit per employee
- £35.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.7%
- 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 £1.5m
- Cash at bank
- ▼29%
- Now £1.6m
- Headcount
- ▲7%
- Now 96
- Deferred income
- ▲141%
- Now £1m
- Fixed assets
- ▼11%
- Now £1.5m
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
- Cubic (U.K.) Limitedultimate parent75–100%
- Cubic Defence UK Ltd.this 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).
Similar profitable businesses
- Comm-Tech Voice & Data LimitedNorwich · Retail sale of telecommunications equipment other than mobile telephones
- Revenue
- £8.1m
- Profit
- £1.5m
- Staff
- 43
- Ignite (Grantham) LimitedDerby · Retail sale of mobile telephones
- Revenue
- £23.9m
- Profit
- £3.4m
- Staff
- 90
- Ignite (North) LimitedDerby · Retail sale of mobile telephones
- Revenue
- £13.9m
- Profit
- £2m
- Staff
- 51
- Ortel LimitedGloucester, · Retail sale of mobile telephones
- Revenue
- £12.3m
- Profit
- £2m
- Staff
- 102
- Brandpath UK LimitedMilton Keynes · Retail sale of mobile telephones
- Revenue
- £8.6m
- Profit
- £365k
- Staff
- 75
Sources
Latest figures from FullAccounts for the year to 30 Sep 2024 (profit £3.4m), from the Companies House accounts bulk data published Aug 2025. 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.