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Company No. 01653628 · Incorporated 23 Jul 1982

Agri-Chemicals Limited

Registered name: AGRI-CHEMICALS LIMITED

Part of Solai Holdings Limited group

Agri-Chemicals Limited made £726m revenue and £22.4m profit in the year to 31 Dec 2024.

Agri-Chemicals Limited’s revenue grew 12% to £726m in the year to 31 Dec 2024, with £22.4m profit and 3 employees. The company is classified under “wholesale of agricultural machinery, equipment and supplies” and is based in Wembley; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46610Wholesale of agricultural machinery, equipment and suppliesSIC 46719Wholesale of other fuels and related products
Status
Active
Location
Wembley, London
Age
44 yrs · since 1982
Type
Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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

Small teamCapital-lightDoing more with less
Revenue
£726m
Growth ▲12.3%
Profit
£22.4m
Growth ▼21.4%
Profit margin
3.1%
Gross 3.5%
Employees
3
Change ▼50%
Profit / employee
£7.5m
Revenue/employee £242m
Profitable streak
3yrs
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 to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£730m£646m£726m
Cost of sales£701m£613m£700m
Gross profit£28.9m£33.3m£25.5m
Operating profit£24.1m£28.1m£20.5m
Profit before tax£24.6m£34.4m£28.8m
Profit after tax£20.4m£28.5m£22.4m
Profit (best available)£20.4m£28.5m£22.4m
Employees (average)1163
Ratios
Profit margin2.8%4.4%3.1%
Gross margin4%5.1%3.5%
Revenue per employee£66.4m£108m£242m
Profit per employee£1.9m£4.8m£7.5m
Growth (year on year)
Revenue growth—▼11.4%▲12.3%
Profit growth—▲39.8%▼21.4%
Headcount growth—▼45.5%▼50%
Balance sheet — indirect signals, not revenue
Cash at bank£52.8m£117m£41.1m
Net assets£54.2m£52.7m£25.1m
Fixed assets£418k£389k£16.5k
Current assets£270m£319m£216m
Debtors£212m£180m£117m
Deferred income£2.8m£6.8m£23.4m
SourceFullAccounts · bulk data Jul 2024FullAccounts · bulk data Jul 2024FullAccounts · bulk data Aug 2025
Derived from the latest filing

How the business works

Profit margin
3.1%
Profit ÷ revenue.
Gross margin
3.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£242m
Revenue ÷ average employees.
Profit per employee
£7.5m
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
3.2%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
16.2%
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
▼52%
Now £25.1m
Cash at bank
▼65%
Now £41.1m
Headcount
▼50%
Now 3
Deferred income
▲245%
Now £23.4m
Fixed assets
▼96%
Now £16.5k

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

  1. Solai Holdings Limitedultimate parent75–100%
  2. Agri-Chemicals Limitedthis company

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

Sister companies (23)

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £22.4m), from the Companies House accounts bulk data published Aug 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.