Ics Cool Energy Limited
Registered name: ICS COOL ENERGY LIMITED
Part of Trane Technologies Plc groupIcs Cool Energy Limited made £63m revenue and £11.5m profit in the year to 31 Dec 2024.
Ics Cool Energy Limited’s revenue grew 5% to £63m in the year to 31 Dec 2024, with £11.5m profit and 219 employees. The company is classified under “agents involved in the sale of machinery, industrial equipment, ships and aircraft” and is based in Totton, Southampton; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Totton, Southampton
- Age
- 21 yrs · since 2005
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £55.1m | £60.1m | £63m |
| Cost of sales | −£31.4m | −£33.5m | −£37.1m |
| Gross profit | £23.7m | £26.6m | £25.9m |
| Operating profit | £14.9m | £16.2m | £14m |
| Profit before tax | £15.5m | £18.4m | £15.6m |
| Profit after tax | £12.8m | £15.2m | £11.5m |
| Profit (best available) | £12.8m | £15.2m | £11.5m |
| Employees (average) | 181 | 193 | 219 |
| Ratios | |||
| Profit margin | 23.2% | 25.3% | 18.2% |
| Gross margin | 43% | 44.3% | 41.1% |
| Revenue per employee | £304k | £312k | £288k |
| Profit per employee | £70.7k | £78.7k | £52.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲9.2% | ▲4.8% |
| Profit growth | — | ▲18.7% | ▼24.4% |
| Headcount growth | — | ▲6.6% | ▲13.5% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2024 | Accounts · bulk data Aug 2024 | Accounts · bulk data Jul 2025 |
How the business works
- Profit margin
- 18.2%
- Profit ÷ revenue.
- Gross margin
- 41.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £288k
- Revenue ÷ average employees.
- Profit per employee
- £52.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▲13%
- Now 219
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Trane Technologies Plc (registered outside the UK register)ultimate parent75–100%
- Trane UK Limited75–100%
- Ics Group Holdings Limited75–100%
- Ics Cool Energy Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Cool Energy LimitedFigures not disclosed
- Tricool Thermal LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £11.5m), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.
Updated from Companies House on 25 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.