How much does Hughes Forrest Limited make?

Hughes Forrest Limited reported revenue of £19.9m and £754k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Hughes Forrest Limited have?

Hughes Forrest Limited reported an average of 99 employees in the year to 31 Dec 2025.

Is Hughes Forrest Limited profitable?

Yes — Hughes Forrest Limited reported a profit of £754k in the year to 31 Dec 2025.

Company No. 00926615 · Incorporated 31 Jan 1968

Hughes Forrest Limited

Registered name: HUGHES FORREST LIMITED

Hughes Forrest Limited made £19.9m revenue and £754k profit in the year to 31 Dec 2025.

Hughes Forrest Limited’s revenue grew 5% to £19.9m in the year to 31 Dec 2025, with £754k profit and 99 employees. The company is classified under “agents involved in the sale of timber and building materials” and is based in South Wales; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46130Agents involved in the sale of timber and building materials

Status: Active
Location: South Wales, Wales
Age: 58 yrs · since 1968
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentOperating leverageCash flow filed

Revenue

£19.9m

Growth ▲5.2%

Profit

£754k

Growth ▲11.4%

Profit margin

3.8%

Gross 35.1%

Employees

Change ▲1%

Profit / employee

£7.6k

Revenue/employee £201k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
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)	£19.5m	£18.9m	£18.9m	£19.9m
Cost of sales	£12.8m	£12.5m	£12.4m	£12.9m
Gross profit	£6.7m	£6.3m	£6.5m	£7m
Operating profit	£1.7m	£1.1m	£784k	£1.1m
Profit before tax	£1.7m	£711k	£948k	£1.1m
Profit after tax	£1.3m	£497k	£677k	£754k
Profit (best available)	£1.3m	£497k	£677k	£754k
Staff costs	£3.2m	£3.4m	£3.7m	£4m
Employees (average)	93	96	98	99
Ratios
Profit margin	6.9%	2.6%	3.6%	3.8%
Gross margin	34.2%	33.6%	34.5%	35.1%
Revenue per employee	£209k	£197k	£193k	£201k
Profit per employee	£14.4k	£5.2k	£6.9k	£7.6k
Cash conversion	−105.6%	−138.4%	−105.2%	37.5%
Growth (year on year)
Revenue growth	—	▼3%	▲0.3%	▲5.2%
Profit growth	—	▼62.9%	▲36.3%	▲11.4%
Headcount growth	—	▲3.2%	▲2.1%	▲1%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.6m	£5.5m	£5.8m	£4.1m
Net assets	£8.3m	£8.6m	£9.1m	£9.7m
Fixed assets	£1.8m	£1.8m	£1.8m	£3.5m
Current assets	£9.2m	£9.4m	£10.2m	£9m
Debtors	£2m	£1.7m	£1.6m	£2.1m
Deferred income	—	—	£316k	£403k
Cash from operations	−£1.8m	−£1.6m	−£824k	£401k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.8%; Profit ÷ revenue.
Gross margin: 35.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £201k; Revenue ÷ average employees.
Profit per employee: £7.6k; Profit ÷ average employees.
Cash conversion: 37.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 17.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.3%; 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: ▲7%; Now £9.7m
Cash at bank: ▼29%; Now £4.1m
Headcount: ▲1%; Now 99
Deferred income: ▲28%; Now £403k
Fixed assets: ▲96%; Now £3.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £754k), 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.