How much does Modgate Limited make?

Modgate Limited reported revenue of £17.9m and £894k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Modgate Limited have?

Modgate Limited reported an average of 33 employees in the year to 31 Dec 2025.

Is Modgate Limited profitable?

Yes — Modgate Limited reported a profit of £894k in the year to 31 Dec 2025.

Company No. 01355811 · Incorporated 6 Mar 1978

Modgate Limited

Registered name: MODGATE LIMITED

Part of Modgate Holdings Limited group

Modgate Limited made £17.9m revenue and £894k profit in the year to 31 Dec 2025. read from filing text

Modgate Limited’s revenue fell 26% to £17.9m in the year to 31 Dec 2025, with £894k profit and 33 employees. The company is classified under “wholesale of hardware, plumbing and heating equipment and supplies” and is based in Cumbria; we hold 4 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: Cumbria, North West
Age: 48 yrs · since 1978
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. From the filing: “The ultimate holding company is Modgate Holdings Limited, a company registered in England & Wales.”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightBoring industry

Revenue

£17.9m

Growth ▼25.7%

Profit

£894k

Growth ▼43.6%

Profit margin

Gross 20.9%

Employees

Change ▼8.3%

Profit / employee

£27.1k

Revenue/employee £543k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2022	30 Jun 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	No P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	—	£24.1m	£17.9m
Cost of sales	—	—	£18.7m	£14.2m
Gross profit	—	—	£5.4m	£3.7m
Operating profit	—	—	£2.2m	£1m
Profit before tax	—	—	£2.2m	£1.2m
Profit after tax	—	—	£1.6m	£894k
Profit (best available)	—	—	£1.6m	£894k
Staff costs	—	—	£2.2m	£1.7m
Employees (average)	36	38	36	33
Ratios
Profit margin	—	—	6.6%	5%
Gross margin	—	—	22.3%	20.9%
Revenue per employee	—	—	£670k	£543k
Profit per employee	—	—	£44k	£27.1k
Growth (year on year)
Revenue growth	—	—	—	▼25.7%
Profit growth	—	—	—	▼43.6%
Headcount growth	—	▲5.6%	—	▼8.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£467	£170k	£635k	£240k
Net assets	£2.1m	£2.6m	£2.9m	£3m
Fixed assets	£136k	£123k	£67.4k	£59.8k
Current assets	£4.1m	£4.7m	£5m	£5.6m
Debtors	£2.4m	£2.7m	£3.1m	£3.7m
Deferred income	—	—	£125k	£136k
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 5%; Profit ÷ revenue.
Gross margin: 20.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £543k; Revenue ÷ average employees.
Profit per employee: £27.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.8%; 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: ▲4%; Now £3m
Cash at bank: ▼62%; Now £240k
Headcount: ▼8%; Now 33
Deferred income: ▲9%; Now £136k
Fixed assets: ▼11%; Now £59.8k

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

Modgate Holdings Limitedultimate parent75–100%
Modgate 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £894k), 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.