Fellowes Ltd
Registered name: FELLOWES LTD
Part of Fellowes Inc groupFellowes Ltd made £105m revenue and £4.4m profit in the year to 31 Dec 2025.
Fellowes Ltd’s revenue fell 10% to £105m in the year to 31 Dec 2025, with £4.4m profit and 395 employees. The company is classified under “manufacture of corrugated paper and paperboard, sacks and bags” and is based in Doncaster; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Doncaster, Yorkshire and The Humber
- Age
- 60 yrs · since 1965
- 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 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £114m | £118m | £105m |
| Cost of sales | −£68.7m | −£70.1m | −£61.6m |
| Gross profit | £45.7m | £47.5m | £43.8m |
| Operating profit | £7.1m | £7.3m | £4.8m |
| Profit before tax | £7.5m | £8.1m | £5.9m |
| Profit after tax | £5.6m | £5.9m | £4.4m |
| Profit (best available) | £5.6m | £5.9m | £4.4m |
| Employees (average) | 402 | 411 | 395 |
| Ratios | |||
| Profit margin | 4.9% | 5% | 4.2% |
| Gross margin | 39.9% | 40.4% | 41.6% |
| Revenue per employee | £285k | £286k | £267k |
| Profit per employee | £14k | £14.4k | £11.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲2.8% | ▼10.3% |
| Profit growth | — | ▲5.1% | ▼25.4% |
| Headcount growth | — | ▲2.2% | ▼3.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 4.2%
- Profit ÷ revenue.
- Gross margin
- 41.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £267k
- Revenue ÷ average employees.
- Profit per employee
- £11.1k
- 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
- ▼4%
- Now 395
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Fellowes Inc (registered outside the UK register)ultimate parent75–100%
- Fellowes Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Crossjin LimitedFigures not disclosed
- Posturite LimitedFigures not disclosed
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 £4.4m), from the Companies House accounts bulk data published Sep 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.