How much does Underwoods Electrical Distributors Limited make?

Underwoods Electrical Distributors Limited reported revenue of £48.2m and £1.3m profit in the year to 31 Aug 2025, according to its accounts filed at Companies House.

How many employees does Underwoods Electrical Distributors Limited have?

Underwoods Electrical Distributors Limited reported an average of 96 employees in the year to 31 Aug 2025.

Is Underwoods Electrical Distributors Limited profitable?

Yes — Underwoods Electrical Distributors Limited reported a profit of £1.3m in the year to 31 Aug 2025.

Company No. 00544217 · Incorporated 4 Feb 1955

Underwoods Electrical Distributors Limited

Registered name: UNDERWOODS ELECTRICAL DISTRIBUTORS LIMITED

Part of Westbank Group Limited group

Underwoods Electrical Distributors Limited made £48.2m revenue and £1.3m profit in the year to 31 Aug 2025.

Underwoods Electrical Distributors Limited’s revenue fell 1% to £48.2m in the year to 31 Aug 2025, with £1.3m profit and 96 employees. The company is classified under “agents involved in the sale of machinery, industrial equipment, ships and aircraft” and is based in Enfield; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Status: Active
Location: Enfield, East of England
Age: 71 yrs · since 1955
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 Aug 2025

Key figures

Capital-lightCash flow filed

Revenue

£48.2m

Growth ▼0.7%

Profit

£1.3m

Growth ▼10.8%

Profit margin

2.8%

Gross 17.6%

Employees

Change 0%

Profit / employee

£13.8k

Revenue/employee £502k

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 Aug 2024	31 Aug 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£48.5m	£48.2m
Cost of sales	£39.6m	£39.7m
Gross profit	£8.9m	£8.5m
Operating profit	£2.1m	£1.8m
Profit before tax	£2m	£1.8m
Profit after tax	£1.5m	£1.3m
Profit (best available)	£1.5m	£1.3m
Staff costs	£4.7m	£4.6m
Employees (average)	96	96
Ratios
Profit margin	3.1%	2.8%
Gross margin	18.4%	17.6%
Revenue per employee	£506k	£502k
Profit per employee	£15.5k	£13.8k
Cash conversion	184.9%	107.5%
Growth (year on year)
Revenue growth	—	▼0.7%
Profit growth	—	▼10.8%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	−£38.2k	£349k
Net assets	£7.9m	£8m
Fixed assets	£2.8m	£2.7m
Current assets	£16.6m	£16.9m
Debtors	£8.7m	£9.5m
Cash from operations	£4m	£2m
Source	Reports and Financial Statements · bulk data Apr 2026	Reports and Financial Statements · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 2.8%; Profit ÷ revenue.
Gross margin: 17.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £502k; Revenue ÷ average employees.
Profit per employee: £13.8k; Profit ÷ average employees.
Cash conversion: 107.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.7%; 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: ▲0%; Now £8m
Cash at bank: —; Now £349k
Headcount: 0%; Now 96
Deferred income: —; Now —
Fixed assets: ▼3%; Now £2.7m

Corporate ownership

Group structure

Ownership chain

Westbank Group Limitedultimate parent75–100%
Underwoods Group Limited75–100%
Underwoods Electrical Distributors 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

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from Reports and Financial Statements for the year to 31 Aug 2025 (profit £1.3m), from the Companies House accounts bulk data published Apr 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.