How much does Navigator MSL Limited make?

Navigator MSL Limited reported revenue of £25.4m and £675k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Navigator MSL Limited have?

Navigator MSL Limited reported an average of 56 employees in the year to 31 Dec 2025.

Is Navigator MSL Limited profitable?

Yes — Navigator MSL Limited reported a profit of £675k in the year to 31 Dec 2025.

Company No. 00416089 · Incorporated 29 Jul 1946

Navigator MSL Limited

Registered name: NAVIGATOR MSL LIMITED

Part of Horberg & Co Holdings Limited group

Navigator MSL Limited made £25.4m revenue and £675k profit in the year to 31 Dec 2025.

Navigator MSL Limited’s revenue grew 13% to £25.4m in the year to 31 Dec 2025, with £675k profit and 56 employees. The company is classified under “wholesale of hardware, plumbing and heating equipment and supplies” and is based in Bedfordshire; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46740Wholesale of hardware, plumbing and heating equipment and supplies

Status: Active
Location: Bedfordshire, South East
Age: 80 yrs · since 1946
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 2025

Key figures

Capital-lightBoring industry

Revenue

£25.4m

Growth ▲12.8%

Profit

£675k

Growth ▼21.3%

Profit margin

2.7%

Gross 26.5%

Employees

Change ▲3.7%

Profit / employee

£12.1k

Revenue/employee £453k

Profitable streak

2yrs

Consecutive profitable years in our data

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 to	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£22.5m	£25.4m
Cost of sales	£15.9m	£18.6m
Gross profit	£6.6m	£6.7m
Operating profit	£1.2m	£899k
Profit before tax	£963k	£711k
Profit after tax	£858k	£675k
Profit (best available)	£858k	£675k
Staff costs	£2.8m	£3m
Employees (average)	54	56
Ratios
Profit margin	3.8%	2.7%
Gross margin	29.3%	26.5%
Revenue per employee	£416k	£453k
Profit per employee	£15.9k	£12.1k
Growth (year on year)
Revenue growth	—	▲12.8%
Profit growth	—	▼21.3%
Headcount growth	—	▲3.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£201k	£339k
Net assets	£2.7m	£2.8m
Fixed assets	£593k	£500k
Current assets	£12.1m	£15.7m
Debtors	£4.3m	£5m
Deferred income	£591k	£791k
Source	FullAccounts · bulk data Sep 2026	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 2.7%; Profit ÷ revenue.
Gross margin: 26.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £453k; Revenue ÷ average employees.
Profit per employee: £12.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.8%; 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: ▲5%; Now £2.8m
Cash at bank: ▲69%; Now £339k
Headcount: ▲4%; Now 56
Deferred income: ▲34%; Now £791k
Fixed assets: ▼16%; Now £500k

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

Horberg & Co Holdings Limited (registered outside the UK register)ultimate parent75–100%
Navigator MSL 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).

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 2025 (profit £675k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 11 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.