Elliott Baxter & Company Limited
Registered name: ELLIOTT BAXTER & COMPANY LIMITED
Part of Elliott Baxter Holdings Limited groupElliott Baxter & Company Limited made £167m revenue and £1.7m profit in the year to 31 Dec 2025.
Elliott Baxter & Company Limited’s revenue fell 7% to £167m in the year to 31 Dec 2025, with £1.7m profit and 235 employees. The company is classified under “wholesale of other intermediate products” and is based in Farnborough; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Farnborough, South East
- Age
- 77 yrs · since 1949
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £218m | £191m | £179m | £167m |
| Cost of sales | £178m | £164m | £151m | −£141m |
| Gross profit | £40.2m | £27.2m | £27.4m | £25.5m |
| Operating profit | £10.6m | £4.8m | £4.4m | £2.2m |
| Profit before tax | £10.3m | £4.6m | £4.4m | £2.3m |
| Profit after tax | £8.5m | £3.5m | £3.3m | £1.7m |
| Profit (best available) | £8.5m | £3.5m | £3.3m | £1.7m |
| Employees (average) | 247 | 235 | 233 | 235 |
| Ratios | ||||
| Profit margin | 3.9% | 1.8% | 1.8% | 1% |
| Gross margin | 18.4% | 14.2% | 15.3% | 15.3% |
| Revenue per employee | £883k | £814k | £768k | £710k |
| Profit per employee | £34.3k | £14.8k | £14.1k | £7.2k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼12.3% | ▼6.6% | ▼6.8% |
| Profit growth | — | ▼59.1% | ▼5.2% | ▼48.6% |
| Headcount growth | — | ▼4.9% | ▼0.9% | ▲0.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £67k | £531k | £36k | — |
| Net assets | £69.5m | £73m | £76.3m | — |
| Fixed assets | £3.6m | £3.7m | £4.8m | — |
| Current assets | £111m | £88.1m | £93.9m | — |
| Debtors | £47.2m | £42m | £41m | — |
| Deferred income | £8.1m | £3.9m | £3.5m | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 1%
- Profit ÷ revenue.
- Gross margin
- 15.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £710k
- Revenue ÷ average employees.
- Profit per employee
- £7.2k
- 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.
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
- ▲1%
- Now 235
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Elliott Baxter Holdings Limitedultimate parent75–100%
- Elliott Baxter & Company 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).
Similar profitable businesses
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £1.7m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 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.