Toughsheet Limited
Registered name: TOUGHSHEET LIMITED
Toughsheet Limited made £15.6m revenue and £2.5m profit in the year to 31 Mar 2024.
Toughsheet Limited’s revenue fell 12% to £15.6m in the year to 31 Mar 2024, with £2.5m profit and 66 employees. The company is classified under “manufacture of other plastic products” and is based in Road, Chequerbent; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Road, Chequerbent, North West
- Age
- 22 yrs · since 2004
- 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 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £17.6m | £15.6m |
| Cost of sales | £10m | £9.4m |
| Gross profit | £7.6m | £6.2m |
| Operating profit | £6m | £967k |
| Profit before tax | £5.9m | £916k |
| Profit after tax | £5.1m | £2.5m |
| Profit (best available) | £5.1m | £2.5m |
| Staff costs | £2.4m | £5.2m |
| Employees (average) | 74 | 66 |
| Ratios | ||
| Profit margin | 28.7% | 16.2% |
| Gross margin | 43.3% | 39.9% |
| Revenue per employee | £238k | £236k |
| Profit per employee | £68.3k | £38.1k |
| Cash conversion | 100.2% | 324.9% |
| Growth (year on year) | ||
| Revenue growth | — | ▼11.7% |
| Profit growth | — | ▼50.2% |
| Headcount growth | — | ▼10.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2k | £2k |
| Net assets | £6.4m | £4.9m |
| Fixed assets | £5.7m | £5.1m |
| Current assets | £5.8m | £5.5m |
| Debtors | £1.8m | £1.8m |
| Cash from operations | £6m | £3.1m |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 16.2%
- Profit ÷ revenue.
- Gross margin
- 39.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £236k
- Revenue ÷ average employees.
- Profit per employee
- £38.1k
- Profit ÷ average employees.
- Cash conversion
- 324.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 33%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.6%
- 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
- ▼23%
- Now £4.9m
- Cash at bank
- ▼4%
- Now £2k
- Headcount
- ▼11%
- Now 66
- Deferred income
- —
- Now —
- Fixed assets
- ▼9%
- Now £5.1m
Group structure
Subsidiaries (1)
- Frank Mercer & Sons LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £2.5m), from the Companies House accounts bulk data published Dec 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.