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Company No. 06699502 · Incorporated 16 Sep 2008

Kirintec Limited

Registered name: KIRINTEC LIMITED

Part of Bae Systems PLC group

Kirintec Limited made £21.8m profit in the year to 31 Dec 2023 (revenue not disclosed).

Kirintec Limited reported £21.8m profit in the year to 31 Dec 2023, up 76% on the year before; its revenue was not disclosed. It had 38 employees. The company is classified under “manufacture of communication equipment other than telegraph, and telephone apparatus and equipment” and is based in Ross-on-Wye; we hold 2 years of its filed accounts.

Profit onlySection C · ManufacturingSIC 26309Manufacture of communication equipment other than telegraph, and telephone apparatus and equipmentSIC 27900Manufacture of other electrical equipmentSIC 28220Manufacture of lifting and handling equipmentSIC 46190Agents involved in the sale of a variety of goods
Status
Active
Location
Ross-on-Wye, West Midlands
Age
18 yrs · since 2008
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. From the filing: “The company is controlled by R P Peers-Smith who owns 94% of the issued share capital of the company.”

Latest accounts · year to 31 Dec 2023

Key figures

Cash flow filed
Revenue
—
Not disclosed in filing
Profit
£21.8m
Growth ▲76.3%
Profit margin
—
 
Employees
38
Change ▲5.6%
Profit / employee
£574k
 
Profitable streak
2yrs
Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 2023
DisclosureProfit onlyProfit only
Profit & loss
Revenue (turnover)——
Cost of sales£6.8m£25.2m
Gross profit£18.5m£32.1m
Profit after tax£12.4m£21.8m
Profit (best available)£12.4m£21.8m
Staff costs£1.8m£2.1m
Employees (average)3638
Ratios
Profit margin——
Profit per employee£344k£574k
Growth (year on year)
Profit growth—▲76.3%
Headcount growth—▲5.6%
Balance sheet — indirect signals, not revenue
Cash at bank£15m£19.7m
Net assets£25.8m£46.9m
Fixed assets£5.2m£10.8m
Current assets£27.2m£50.3m
Debtors£3.5m£20.1m
Deferred income£981k£2.9m
Cash from operations−£9.1m−£12.8m
SourceFullAccounts · bulk data Jul 2024FullAccounts · bulk data Jul 2024
Derived from the latest filing

How the business works

Profit margin
—
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
£574k
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.
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
▲82%
Now £46.9m
Cash at bank
▲31%
Now £19.7m
Headcount
▲6%
Now 38
Deferred income
▲196%
Now £2.9m
Fixed assets
▲109%
Now £10.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Bae Systems PLCultimate parent75–100%
  2. Bae Systems (Holdings) Limited75–100%
  3. Kirintec Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sister companies (30)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £21.8m), from the Companies House accounts bulk data published Jul 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.