Cunningham Covers Limited
Registered name: CUNNINGHAM COVERS LIMITED
Cunningham Covers Limited made £11.1m revenue and £851k profit in the year to 31 Aug 2025.
Cunningham Covers Limited’s revenue grew 16% to £11.1m in the year to 31 Aug 2025, with £851k profit and 95 employees. The company is classified under “manufacture of other technical and industrial textiles” and is based in Maghera; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Maghera, Northern Ireland
- Age
- 39 yrs · since 1987
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Aug 2022 | 31 Aug 2023 | 31 Aug 2024 | 31 Aug 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £8.2m | £8.5m | £9.6m | £11.1m |
| Cost of sales | £5.2m | £5.8m | £6.4m | £7.2m |
| Gross profit | £3m | £2.7m | £3.2m | £3.9m |
| Operating profit | £1.2m | £679k | £793k | £1.3m |
| Profit before tax | £1.2m | £704k | £805k | £1.3m |
| Profit after tax | £1.2m | £826k | £781k | £851k |
| Profit (best available) | £1.2m | £826k | £781k | £851k |
| Staff costs | £2.6m | £2.9m | £3.1m | £3.8m |
| Employees (average) | 84 | 81 | 94 | 95 |
| Ratios | ||||
| Profit margin | 14.2% | 9.7% | 8.2% | 7.7% |
| Gross margin | 36.7% | 31.5% | 33.8% | 35.4% |
| Revenue per employee | £97.9k | £105k | £102k | £117k |
| Profit per employee | £13.9k | £10.2k | £8.3k | £9k |
| Cash conversion | 111.8% | −11.6% | 193.8% | 45.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲3.5% | ▲12.7% | ▲15.8% |
| Profit growth | — | ▼29.2% | ▼5.5% | ▲8.9% |
| Headcount growth | — | ▼3.6% | ▲16.1% | ▲1.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.1m | £1.4m | £1.9m | £2m |
| Net assets | £5.4m | £5.8m | £6.6m | £7.4m |
| Fixed assets | £1.2m | £1.3m | £2.2m | £2.5m |
| Current assets | £4.8m | £5.1m | £5.6m | £6.3m |
| Debtors | £1.1m | £1.5m | £1.2m | £1.4m |
| Cash from operations | £1.3m | −£78.9k | £1.5m | £580k |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 7.7%
- Profit ÷ revenue.
- Gross margin
- 35.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £117k
- Revenue ÷ average employees.
- Profit per employee
- £9k
- Profit ÷ average employees.
- Cash conversion
- 45.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 22.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.2%
- 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
- ▲13%
- Now £7.4m
- Cash at bank
- ▲7%
- Now £2m
- Headcount
- ▲1%
- Now 95
- Deferred income
- —
- Now —
- Fixed assets
- ▲13%
- Now £2.5m
Similar profitable businesses
- Evac+chair International LimitedSolihull · Manufacture of other technical and industrial textiles
- Revenue
- £10.1m
- Profit
- £910k
- Staff
- 104
- Panaz LimitedBurnley · Manufacture of other technical and industrial textiles
- Revenue
- £20.2m
- Profit
- £755k
- Staff
- 96
- Scott & Fyfe LimitedTayport · Manufacture of other technical and industrial textiles
- Revenue
- £21m
- Profit
- £2.3m
- Staff
- 94
- SHD Composite Materials LtdSleaford · Manufacture of other technical and industrial textiles
- Revenue
- £31.1m
- Profit
- £3.8m
- Staff
- 87
Sources
Latest figures from FullAccounts for the year to 31 Aug 2025 (profit £851k), from the Companies House accounts bulk data published May 2026. 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.