How much does Idem Safety Switches Limited make?

Idem Safety Switches Limited reported revenue of £24.3m and £10.8m profit in the year to 30 Sep 2025, according to its accounts filed at Companies House.

How many employees does Idem Safety Switches Limited have?

Idem Safety Switches Limited reported an average of 83 employees in the year to 30 Sep 2025.

Is Idem Safety Switches Limited profitable?

Yes — Idem Safety Switches Limited reported a profit of £10.8m in the year to 30 Sep 2025.

Company No. 04822458 · Incorporated 6 Jul 2003

Idem Safety Switches Limited

Registered name: IDEM SAFETY SWITCHES LIMITED

Idem Safety Switches Limited made £24.3m revenue and £10.8m profit in the year to 30 Sep 2025. read from filing text

Idem Safety Switches Limited’s revenue grew 28% to £24.3m in the year to 30 Sep 2025, with £10.8m profit and 83 employees. The company is classified under “manufacture of bearings, gears, gearing and driving elements” and is based in Wigan; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28150Manufacture of bearings, gears, gearing and driving elements

Status: Active
Location: Wigan, North West
Age: 23 yrs · since 2003
Type: Private Limited Company

Latest accounts · year to 30 Sep 2025

Key figures

IndependentCapital-lightOperating leverageCash flow filed

Revenue

£24.3m

Growth ▲28.3%

Profit

£10.8m

Growth ▲44.7%

Profit margin

44.4%

Gross 59.4%

Employees

Change ▲72.9%

Profit / employee

£130k

Revenue/employee £293k

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	30 Sep 2022	30 Sep 2023	30 Sep 2024	30 Sep 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)	£22m	£19.2m	£19m	£24.3m
Cost of sales	£9.7m	£7.5m	£7.4m	£9.9m
Gross profit	£12.4m	£11.6m	£11.6m	£14.4m
Operating profit	£11.4m	£9.4m	£9.1m	£12.5m
Profit before tax	£11.4m	£9.4m	£9m	£13.2m
Profit after tax	£9.9m	£7.9m	£7.5m	£10.8m
Profit (best available)	£9.9m	£7.9m	£7.5m	£10.8m
Staff costs	£2.7m	£3m	£2.9m	£3.6m
Employees (average)	45	45	48	83
Ratios
Profit margin	44.8%	41.2%	39.3%	44.4%
Gross margin	56.1%	60.7%	61.1%	59.4%
Revenue per employee	£490k	£426k	£395k	£293k
Profit per employee	£219k	£176k	£155k	£130k
Cash conversion	−75.5%	−115.1%	−49.5%	−53.2%
Growth (year on year)
Revenue growth	—	▼12.9%	▼1.1%	▲28.3%
Profit growth	—	▼19.9%	▼5.7%	▲44.7%
Headcount growth	—	0%	▲6.7%	▲72.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.7m	£7.6m	£9.7m	£9.8m
Net assets	£10.5m	£14.8m	£20.7m	£31.4m
Fixed assets	£1.3m	£1.2m	£1.1m	£1.1m
Current assets	£12.3m	£15.7m	£22.7m	£34.8m
Debtors	£6.6m	£4.5m	£4.4m	£4m
Deferred income	£524k	£43k	£37.9k	£28.2k
Cash from operations	−£8.6m	−£10.8m	−£4.5m	−£6.6m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 44.4%; Profit ÷ revenue.
Gross margin: 59.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £293k; Revenue ÷ average employees.
Profit per employee: £130k; Profit ÷ average employees.
Cash conversion: −53.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.6%; 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: ▲52%; Now £31.4m
Cash at bank: ▲1%; Now £9.8m
Headcount: ▲73%; Now 83
Deferred income: ▼26%; Now £28.2k
Fixed assets: ▼3%; Now £1.1m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal 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 30 Sep 2025 (profit £10.8m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.

Updated from Companies House on 11 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.