How much does Geoquip Marine Services P.L.C. make?

Geoquip Marine Services P.L.C. reported revenue of £11.8m and £487k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Geoquip Marine Services P.L.C. have?

Geoquip Marine Services P.L.C. reported an average of 115 employees in the year to 31 Dec 2024.

Is Geoquip Marine Services P.L.C. profitable?

Yes — Geoquip Marine Services P.L.C. reported a profit of £487k in the year to 31 Dec 2024.

Company No. 11600693 · Incorporated 2 Oct 2018

Geoquip Marine Services P.L.C.

Registered name: GEOQUIP MARINE SERVICES P.L.C.

Part of Njord Partners LLP group

Geoquip Marine Services P.L.C. made £11.8m revenue and £487k profit in the year to 31 Dec 2024.

Geoquip Marine Services P.L.C.’s revenue grew 43% to £11.8m in the year to 31 Dec 2024, with £487k profit and 115 employees. The company is classified under “engineering related scientific and technical consulting activities” and is based in Bristol; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71122Engineering related scientific and technical consulting activities

Status: Active
Location: Bristol, South West
Age: 8 yrs · since 2018
Type: Public 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 2024

Key figures

Operating leverage

Revenue

£11.8m

Growth ▲43.4%

Profit

£487k

Growth ▲67.2%

Profit margin

4.1%

Gross 36.9%

Employees

115

Change ▲32.2%

Profit / employee

£4.2k

Revenue/employee £103k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£5.5m	£8.2m	£11.8m
Cost of sales	—	£3.5m	£5.2m	−£7.4m
Gross profit	—	£2m	£3m	£4.4m
Operating profit	—	£346k	£392k	£688k
Profit before tax	—	£346k	£392k	£652k
Profit after tax	—	£260k	£292k	£487k
Profit (best available)	—	£260k	£292k	£487k
Employees (average)	58	70	87	115
Ratios
Profit margin	—	4.8%	3.5%	4.1%
Gross margin	—	35.7%	36.3%	36.9%
Revenue per employee	—	£78.1k	£94.5k	£103k
Profit per employee	—	£3.7k	£3.4k	£4.2k
Growth (year on year)
Revenue growth	—	—	▲50.4%	▲43.4%
Profit growth	—	—	▲12%	▲67.2%
Headcount growth	—	▲20.7%	▲24.3%	▲32.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£8.3k	£32.9k	£204k	—
Net assets	£130k	£390k	£682k	—
Fixed assets	£401k	£432k	£346k	—
Current assets	£689k	£504k	£2.4m	—
Debtors	£681k	£95.7k	£941k	—
Deferred income	—	£98.5k	£1m	—
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Jul 2024	Accounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 4.1%; Profit ÷ revenue.
Gross margin: 36.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £103k; Revenue ÷ average employees.
Profit per employee: £4.2k; 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: —; Now —
Cash at bank: —; Now —
Headcount: ▲32%; Now 115
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Njord Partners LLPultimate parent75–100%
Njord Partners Sma-Seal GP Limited75–100%
Geoquip Marine Services P.L.C.this company

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

Minority corporate shareholders

Njord Partners LLP

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit £487k), from the Companies House accounts bulk data published Sep 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.