Robert Lee Distribution LimitedDissolved
Registered name: ROBERT LEE DISTRIBUTION LIMITED
Robert Lee Distribution Limited made £41.2m revenue and a £2.1m loss in the year to 31 Oct 2023. read from filing text
Robert Lee Distribution Limited’s revenue fell 15% to £41.2m in the year to 31 Oct 2023, with a loss of £2.1m and 187 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
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 parent company is Aqua Brands Distribution Holdings Limited, a company registered in England and Wales.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £48.3m | £41.2m |
| Cost of sales | £37.5m | £31.4m |
| Gross profit | £10.8m | £9.8m |
| Profit before tax | −£1.5m | −£2.3m |
| Profit after tax | −£1.6m | −£2.1m |
| Profit (best available) | −£1.6m | −£2.1m |
| Staff costs | £6.3m | £6.1m |
| Employees (average) | 192 | 187 |
| Ratios | ||
| Profit margin | −3.3% | −5.2% |
| Gross margin | 22.3% | 23.8% |
| Revenue per employee | £252k | £220k |
| Profit per employee | −£8.2k | −£11.5k |
| Growth (year on year) | ||
| Revenue growth | — | ▼14.8% |
| Headcount growth | — | ▼2.6% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1k | £667 |
| Net assets | £9.6m | £7.5m |
| Fixed assets | £1m | £928k |
| Current assets | £17.4m | £18.1m |
| Debtors | £5.9m | £5.3m |
| Deferred income | £543k | £243k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 |
How the business works
- Profit margin
- −5.2%
- Profit ÷ revenue.
- Gross margin
- 23.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £220k
- Revenue ÷ average employees.
- Profit per employee
- −£11.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.8%
- 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
- ▼22%
- Now £7.5m
- Cash at bank
- ▼36%
- Now £667
- Headcount
- ▼3%
- Now 187
- Deferred income
- ▼55%
- Now £243k
- Fixed assets
- ▼11%
- Now £928k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Synergy Bathroom Solutions LtdActive - Proposal to Strike offFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Oct 2023 (profit −£2.1m), from the Companies House accounts bulk data published Jul 2024. 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.