Precon Products Ltd
Registered name: PRECON PRODUCTS LTD
Part of Precon Holdings Limited groupPrecon Products Ltd made £77.7m revenue and £1.9m profit in the year to 31 Dec 2025.
Precon Products Ltd’s revenue fell 4% to £77.7m in the year to 31 Dec 2025, with £1.9m profit and 124 employees. The company is classified under “wholesale of metals and metal ores” and is based in Ipswich; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Ipswich, East of England
- Age
- 19 yrs · since 2007
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £110m | £77.9m | £81.1m | £77.7m |
| Cost of sales | £82.8m | £59.3m | £61.1m | −£57.8m |
| Gross profit | £27m | £18.6m | £20m | £19.9m |
| Operating profit | £9m | £2.9m | £3.2m | £2.4m |
| Profit before tax | £9m | £2.9m | £3.2m | £2.3m |
| Profit after tax | £7.3m | £2.2m | £2.3m | £1.9m |
| Profit (best available) | £7.3m | £2.2m | £2.3m | £1.9m |
| Staff costs | £5.6m | £4.7m | £4.9m | — |
| Employees (average) | 77 | 102 | 113 | 124 |
| Ratios | ||||
| Profit margin | 6.6% | 2.8% | 2.9% | 2.5% |
| Gross margin | 24.6% | 23.8% | 24.7% | 25.6% |
| Revenue per employee | £1.4m | £764k | £717k | £627k |
| Profit per employee | £94.5k | £21.5k | £20.5k | £15.6k |
| Cash conversion | 58.3% | 67.2% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲4.1% | ▼4.1% |
| Profit growth | — | — | ▲6% | ▼16.5% |
| Headcount growth | — | — | ▲10.8% | ▲9.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £6.5m | £5.6m | £5m | — |
| Net assets | £14.3m | £15.1m | £14.4m | — |
| Fixed assets | £1.6m | £2m | £2.9m | — |
| Current assets | £31.1m | £26.7m | £26.5m | — |
| Debtors | £13.5m | £11.7m | £10.6m | — |
| Deferred income | £1.1m | £964k | £868k | — |
| Cash from operations | £5.2m | £1.9m | — | — |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Jun 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 2.5%
- Profit ÷ revenue.
- Gross margin
- 25.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £627k
- Revenue ÷ average employees.
- Profit per employee
- £15.6k
- 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
- ▲10%
- Now 124
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Precon Holdings Limitedultimate parent75–100%
- Precon Products Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Buildspan LimitedFigures not disclosed
- Pre-Pour Reinforcements 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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- Staff
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- Davro Steel LimitedHalesowen · Wholesale of metals and metal ores
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- MSS Products LimitedManchester · Wholesale of metals and metal ores
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- £93.5m
- Profit
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- Associated Lead Mills Ltd.Hoddesdon · Wholesale of metals and metal ores
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- £63.9m
- Profit
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- C.J. Upton & Sons LimitedBelfast · Wholesale of metals and metal ores
- Revenue
- £94.7m
- Profit
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- Richard Austin Alloys (Northern) LimitedWholesale of metals and metal ores
- Revenue
- £51m
- Profit
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- Staff
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £1.9m), from the Companies House accounts bulk data published Aug 2026. 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.