TFP Hydrogen Products Limited
Registered name: TFP HYDROGEN PRODUCTS LIMITED
Part of James Cropper Public Limited Company groupTFP Hydrogen Products Limited made £4.5m revenue and £745k profit in the year to 29 Mar 2025.
TFP Hydrogen Products Limited’s revenue fell 20% to £4.5m in the year to 29 Mar 2025, with £745k profit and 23 employees. The company is classified under “other professional, scientific and technical activities” and is based in Kendal; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Kendal
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 30 Mar 2023 | 29 Mar 2024 | 30 Mar 2024 | 29 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £5.1m | £5.7m | £5.7m | £4.5m |
| Cost of sales | — | −£2.6m | — | −£2.6m |
| Operating profit | £2.5m | £2.4m | £2.4m | £1.1m |
| Profit before tax | £2.5m | £2.4m | £2.4m | £1.1m |
| Profit after tax | £2.5m | £2.4m | £2.4m | £745k |
| Profit (best available) | £2.5m | £2.4m | £2.4m | £745k |
| Employees (average) | 19 | 19 | 19 | 23 |
| Ratios | ||||
| Profit margin | 48.6% | 42.6% | 42.6% | 16.5% |
| Revenue per employee | £267k | £298k | £298k | £196k |
| Profit per employee | £130k | £127k | £127k | £32.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲11.5% | — | ▼20.4% |
| Profit growth | — | ▼2.4% | — | ▼69.1% |
| Headcount growth | — | 0% | — | ▲21.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data May 2025 | Accounts · bulk data Dec 2025 | Accounts · bulk data May 2025 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 16.5%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £196k
- Revenue ÷ average employees.
- Profit per employee
- £32.4k
- 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
- ▲21%
- Now 23
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- James Cropper Public Limited Companyultimate parent75–100%
- Technical Fibre Products Limited75–100%
- TFP Hydrogen Products Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 29 Mar 2025 (profit £745k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 17 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.