How much does London Metals Limited make?

London Metals Limited reported revenue of £26.5m and £238k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does London Metals Limited have?

London Metals Limited reported an average of 10 employees in the year to 31 Dec 2024.

Is London Metals Limited profitable?

Yes — London Metals Limited reported a profit of £238k in the year to 31 Dec 2024.

Company No. 01494995 · Incorporated 2 May 1980

London Metals Limited

Registered name: LONDON METALS LIMITED

Part of London Metals Holdings Limited group

London Metals Limited made £26.5m revenue and £238k profit in the year to 31 Dec 2024.

London Metals Limited’s revenue grew 18% to £26.5m in the year to 31 Dec 2024, with £238k profit and 10 employees. The company is classified under “wholesale of waste and scrap” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46770Wholesale of waste and scrap

Status: Active
Location: London, London
Age: 46 yrs · since 1980
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 Dec 2024

Key figures

Capital-lightCash flow filed

Revenue

£26.5m

Growth ▲17.5%

Profit

£238k

Growth —

Profit margin

0.9%

Gross 7.2%

Employees

Change 0%

Profit / employee

£23.8k

Revenue/employee £2.7m

Profitable streak

1yr

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£23.9m	£22.6m	£26.5m
Cost of sales	£21.5m	£21m	£24.6m
Gross profit	£2.4m	£1.5m	£1.9m
Operating profit	£953k	£131k	£357k
Profit before tax	£938k	£131k	£330k
Profit after tax	£706k	−£21.4k	£238k
Profit (best available)	£706k	−£21.4k	£238k
Staff costs	£948k	£886k	£1.1m
Employees (average)	11	10	10
Ratios
Profit margin	3%	−0.1%	0.9%
Gross margin	9.9%	6.8%	7.2%
Revenue per employee	£2.2m	£2.3m	£2.7m
Profit per employee	£64.2k	−£2.1k	£23.8k
Cash conversion	−11.8%	−83.3%	224.3%
Growth (year on year)
Revenue growth	—	▼5.6%	▲17.5%
Profit growth	—	▼103%	—
Headcount growth	—	▼9.1%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£1.3m	£302k
Net assets	£7.3m	£7.6m	£7.8m
Fixed assets	£1.7m	£2.1m	£2.1m
Current assets	£7.1m	£7.1m	£7.9m
Debtors	£3.3m	£4.3m	£6.5m
Deferred income	£500k	£294k	£831k
Cash from operations	−£112k	−£109k	£801k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 7.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £2.7m; Revenue ÷ average employees.
Profit per employee: £23.8k; Profit ÷ average employees.
Cash conversion: 224.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 24.4%; 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: ▲3%; Now £7.8m
Cash at bank: ▼76%; Now £302k
Headcount: 0%; Now 10
Deferred income: ▲182%; Now £831k
Fixed assets: ▼1%; Now £2.1m

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

London Metals Holdings Limitedultimate parent75–100%
London Metals Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

East Central Trading LimitedFigures not disclosed

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 2024 (profit £238k), from the Companies House accounts bulk data published Sep 2025. 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.