Southco Manufacturing Limited
Registered name: SOUTHCO MANUFACTURING LIMITED
Southco Manufacturing Limited made £104m revenue and £3.1m profit in the year to 31 Dec 2025.
Southco Manufacturing Limited’s revenue grew 9% to £104m in the year to 31 Dec 2025, with £3.1m profit and 243 employees. The company is classified under “manufacture of locks and hinges” and is based in Worcester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Worcester, West Midlands
- Age
- 24 yrs · since 2001
- Type
- Private Limited Company
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) | £111m | £107m | £95.7m | £104m |
| Cost of sales | £67.4m | £68.3m | £65.9m | £66.5m |
| Gross profit | £43.6m | £38.5m | £29.8m | £37.6m |
| Operating profit | £9.8m | £1m | −£8.5m | £1.9m |
| Profit before tax | £10.4m | £1.3m | −£8.1m | £3.8m |
| Profit after tax | £9.2m | £550k | −£6.7m | £3.1m |
| Profit (best available) | £9.2m | £550k | −£6.7m | £3.1m |
| Staff costs | £18.2m | £16.6m | £16.6m | £16.3m |
| Employees (average) | 299 | 282 | 272 | 243 |
| Ratios | ||||
| Profit margin | 8.3% | 0.5% | −7% | 3% |
| Gross margin | 39.3% | 36.1% | 31.1% | 36.1% |
| Revenue per employee | £371k | £379k | £352k | £429k |
| Profit per employee | £30.8k | £1.9k | −£24.5k | £12.7k |
| Cash conversion | 13.2% | 966.9% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼3.8% | ▼10.4% | ▲8.8% |
| Profit growth | — | ▼94% | ▼1311% | — |
| Headcount growth | — | ▼5.7% | ▼3.5% | ▼10.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £260k | £274k | £822k | £1.2m |
| Net assets | £93.6m | £93m | £81.5m | £69.9m |
| Fixed assets | £37.5m | £36.9m | £36.8m | £35.8m |
| Current assets | £154m | £115m | £78.1m | £91.8m |
| Debtors | £13.7m | £12.2m | £9.8m | £11.8m |
| Deferred income | £6.2m | £6.9m | £3.8m | £5m |
| Cash from operations | £1.3m | £9.7m | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 3%
- Profit ÷ revenue.
- Gross margin
- 36.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £429k
- Revenue ÷ average employees.
- Profit per employee
- £12.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 34.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.4%
- 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 £69.9m
- Cash at bank
- ▲42%
- Now £1.2m
- Headcount
- ▼11%
- Now 243
- Deferred income
- ▲30%
- Now £5m
- Fixed assets
- ▼3%
- Now £35.8m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Southco Severn LtdRev. — · Profit −£1.5m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £3.1m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 17 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.