CTS Offshore and Marine Limited
Registered name: CTS OFFSHORE AND MARINE LIMITED
CTS Offshore and Marine Limited made £13.2m revenue and £403k profit in the year to 31 Dec 2024. read from filing text
CTS Offshore and Marine Limited’s revenue fell 19% to £13.2m in the year to 31 Dec 2024, with £403k profit and 98 employees. The company is classified under “repair of machinery” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 20 yrs · since 2006
- 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 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £16.2m | £13.2m |
| Cost of sales | £6.9m | £16.1m | £10.3m | £7.5m |
| Gross profit | — | — | £6m | £5.8m |
| Operating profit | — | — | £1.4m | £495k |
| Profit before tax | — | — | £1.3m | £448k |
| Profit after tax | £344k | £1.2m | £247k | £403k |
| Profit (best available) | £344k | £1.2m | £247k | £403k |
| Staff costs | £377k | £698k | £738k | — |
| Employees (average) | 10 | 10 | 12 | 98 |
| Ratios | ||||
| Profit margin | — | — | 1.5% | 3% |
| Gross margin | — | — | 36.7% | 43.6% |
| Revenue per employee | — | — | £1.4m | £135k |
| Profit per employee | £34.4k | £123k | £20.6k | £4.1k |
| Cash conversion | — | — | −47.9% | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼18.6% |
| Profit growth | — | ▲257.3% | ▼79.9% | ▲63.1% |
| Headcount growth | — | 0% | ▲20% | ▲716.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.7m | £2.1m | £2.1m | £1.9m |
| Net assets | £1.2m | £1.7m | £817k | £966k |
| Fixed assets | £69.3k | £65.2k | £82.1k | £97.9k |
| Current assets | £3.2m | £7.1m | £5.9m | £5.9m |
| Debtors | £1.1m | £3.2m | £2.3m | £1.7m |
| Deferred income | £27k | £619k | £37.3k | — |
| Cash from operations | £34.2k | −£1.4m | −£656k | — |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 3%
- Profit ÷ revenue.
- Gross margin
- 43.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £135k
- Revenue ÷ average employees.
- Profit per employee
- £4.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.2%
- 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
- ▲18%
- Now £966k
- Cash at bank
- ▼9%
- Now £1.9m
- Headcount
- ▲717%
- Now 98
- Deferred income
- —
- Now —
- Fixed assets
- ▲19%
- Now £97.9k
Group structure
Subsidiaries (1)
- CTS H2 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Profit
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- Profit
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- Profit
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- Profit
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £403k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 13 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.