How much does Royd Toolgroup UK Limited make?

Royd Toolgroup UK Limited reported revenue of £18m and £2.1m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Royd Toolgroup UK Limited have?

Royd Toolgroup UK Limited reported an average of 48 employees in the year to 31 Dec 2023.

Is Royd Toolgroup UK Limited profitable?

Yes — Royd Toolgroup UK Limited reported a profit of £2.1m in the year to 31 Dec 2023.

Company No. 10345480 · Incorporated 25 Aug 2016

Royd Toolgroup UK Limited

Registered name: ROYD TOOLGROUP UK LIMITED

Part of Ox Tools Global Holdings Ltd group

Royd Toolgroup UK Limited made £18m revenue and £2.1m profit in the year to 31 Dec 2023. read from filing text

Royd Toolgroup UK Limited’s revenue was £18m in the year to 31 Dec 2023, with £2.1m profit and 48 employees. The company is classified under “other business support service activities” and is based in Lincoln; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Lincoln, East Midlands
Age: 10 yrs · since 2016
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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightCash flow filed

Revenue

£18m

Growth —

Profit

£2.1m

Growth —

Profit margin

11.5%

Gross 44.2%

Employees

Change —

Profit / employee

£43k

Revenue/employee £375k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2022	31 Dec 2022	31 Dec 2023
Disclosure	Profit only	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£9.9m	£18m
Cost of sales	£8.9m	£6.1m	£10m
Gross profit	—	£4m	£8m
Operating profit	—	£996k	£2.8m
Profit before tax	£1.7m	£902k	£2.8m
Profit after tax	£1.4m	£660k	£2.1m
Profit (best available)	£1.4m	£660k	£2.1m
Staff costs	£1.5m	£1.3m	£2.2m
Employees (average)	38	38	48
Ratios
Profit margin	—	6.7%	11.5%
Gross margin	—	40.2%	44.2%
Revenue per employee	—	£259k	£375k
Profit per employee	£37.6k	£17.4k	£43k
Cash conversion	—	−98.3%	−168.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£984k	£980k	£4m
Net assets	£4.4m	£4.8m	£5.6m
Fixed assets	£166k	£143k	£185k
Current assets	—	£9m	£12.1m
Debtors	£2.7m	£2.8m	£2.6m
Deferred income	£667k	£861k	£1.7m
Cash from operations	£943k	−£980k	−£4.8m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Oct 2024

Derived from the latest filing

How the business works

Profit margin: 11.5%; Profit ÷ revenue.
Gross margin: 44.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £375k; Revenue ÷ average employees.
Profit per employee: £43k; Profit ÷ average employees.
Cash conversion: −168.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.2%; 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: —; Now £5.6m
Cash at bank: —; Now £4m
Headcount: —; Now 48
Deferred income: —; Now £1.7m
Fixed assets: —; Now £185k

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

Ox Tools Global Holdings Ltdultimate parent75–100%
Ox Tools Global Investments Limited75–100%
Ox Products Group UK Limited75–100%
Royd Toolgroup UK Limitedthis company

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

Sister companies (4)

Ox Products UK LimitedFigures not disclosed
Ox Tools LtdFigures not disclosed
Ox Tools Shared Services LimitedFigures not disclosed
Ox Tools UK LtdFigures not disclosed

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £2.1m), from the Companies House accounts bulk data published Oct 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.