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Company No. 05800388 · Incorporated 28 Apr 2006

Thor Atkinson Steel Fabrications Ltd

Registered name: THOR ATKINSON STEEL FABRICATIONS LTD

Thor Atkinson Steel Fabrications Ltd made £18.8m revenue and £1.5m profit in the year to 31 May 2025.

Thor Atkinson Steel Fabrications Ltd’s revenue grew 7% to £18.8m in the year to 31 May 2025, with £1.5m profit and 116 employees. The company is classified under “other engineering activities” and is based in Ulverston; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71129Other engineering activitiesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
Ulverston, North West
Age
20 yrs · since 2006
Type
Private Limited Company
Latest accounts · year to 31 May 2025

Key figures

IndependentOperating leverageDoing more with lessCash flow filed
Revenue
£18.8m
Growth ▲7.1%
Profit
£1.5m
Growth ▲43.4%
Profit margin
8%
Gross 28.2%
Employees
116
Change ▼4.1%
Profit / employee
£13k
Revenue/employee £162k
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 to31 May 202231 May 202331 May 202431 May 2025
DisclosureFull P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£16.1m£15.9m£17.6m£18.8m
Cost of sales£11.9m£11.2m£11.8m£13.5m
Gross profit£4.1m£4.7m£5.8m£5.3m
Operating profit£849k£905k£1.8m£1.5m
Profit before tax£526k£533k£1.5m£1m
Profit after tax£432k£428k£1m£1.5m
Profit (best available)£432k£428k£1m£1.5m
Staff costs£5.5m£5.7m£5.6m£6.2m
Employees (average)122121121116
Ratios
Profit margin2.7%2.7%6%8%
Gross margin25.7%29.5%33.1%28.2%
Revenue per employee£132k£132k£145k£162k
Profit per employee£3.5k£3.5k£8.7k£13k
Cash conversion−222.5%−179.2%−127.8%−78.9%
Growth (year on year)
Revenue growth—▼0.9%▲10.3%▲7.1%
Profit growth—▼0.9%▲144.5%▲43.4%
Headcount growth—▼0.8%0%▼4.1%
Balance sheet — indirect signals, not revenue
Net assets£755k£836k£1.4m£2.4m
Fixed assets£4.2m£4.8m£4.3m£6.1m
Current assets£4.4m£3.9m£4.4m£5.9m
Debtors£1.2m£755k£801k£2.4m
Deferred income£19.8k£19.4k——
Cash from operations−£1.9m−£1.6m−£2.3m−£1.1m
SourceFullAccounts · bulk data May 2024FullAccounts · bulk data May 2024FullAccounts · bulk data May 2025FullAccounts · bulk data May 2026
Derived from the latest filing

How the business works

Profit margin
8%
Profit ÷ revenue.
Gross margin
28.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£162k
Revenue ÷ average employees.
Profit per employee
£13k
Profit ÷ average employees.
Cash conversion
−78.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
32.5%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
12.5%
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
▲71%
Now £2.4m
Cash at bank
—
Now —
Headcount
▼4%
Now 116
Deferred income
—
Now —
Fixed assets
▲43%
Now £6.1m
Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2025 (profit £1.5m), from the Companies House accounts bulk data published May 2026. 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.