How much does Bulk Freight (Midlands) Limited make?

Bulk Freight (Midlands) Limited reported revenue of £20.5m and £769k profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Bulk Freight (Midlands) Limited have?

Bulk Freight (Midlands) Limited reported an average of 132 employees in the year to 31 Mar 2024.

Is Bulk Freight (Midlands) Limited profitable?

Yes — Bulk Freight (Midlands) Limited reported a profit of £769k in the year to 31 Mar 2024.

Company No. 02099724 · Incorporated 13 Feb 1987

Bulk Freight (Midlands) Limited

Registered name: BULK FREIGHT (MIDLANDS) LIMITED

Part of Fred Sherwood Group Limited group

Bulk Freight (Midlands) Limited made £20.5m revenue and £769k profit in the year to 31 Mar 2024.

Bulk Freight (Midlands) Limited’s revenue grew 4% to £20.5m in the year to 31 Mar 2024, with £769k profit and 132 employees. The company is classified under “freight transport by road” and is based in Loughborough; we hold 3 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49410Freight transport by road

Status: Active
Location: Loughborough, East Midlands
Age: 39 yrs · since 1987
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 Mar 2024

Key figures

Doing more with lessBoring industry

Revenue

£20.5m

Growth ▲3.5%

Profit

£769k

Growth ▼56.7%

Profit margin

3.8%

Gross 11%

Employees

132

Change ▼1.5%

Profit / employee

£5.8k

Revenue/employee £155k

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 to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18m	£19.8m	£20.5m
Cost of sales	£16.1m	£17.5m	£18.3m
Gross profit	£1.9m	£2.3m	£2.3m
Operating profit	£1.6m	£1.8m	£845k
Profit before tax	£1.5m	£1.7m	£1m
Profit after tax	£1.1m	£1.8m	£769k
Profit (best available)	£1.1m	£1.8m	£769k
Staff costs	£5.3m	£5.6m	£5.8m
Employees (average)	134	134	132
Ratios
Profit margin	6.3%	9%	3.8%
Gross margin	10.8%	11.8%	11%
Revenue per employee	£135k	£148k	£155k
Profit per employee	£8.4k	£13.3k	£5.8k
Growth (year on year)
Revenue growth	—	▲9.9%	▲3.5%
Profit growth	—	▲57%	▼56.7%
Headcount growth	—	0%	▼1.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£703k	£3.7m	£6m
Net assets	£9.1m	£10.9m	£11.7m
Fixed assets	£10.6m	£9m	£13.4m
Current assets	£7.5m	£9.4m	£11.7m
Debtors	£2.7m	£2.3m	£3.1m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 3.8%; Profit ÷ revenue.
Gross margin: 11%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £155k; Revenue ÷ average employees.
Profit per employee: £5.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 65.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.3%; 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 £11.7m
Cash at bank: ▲61%; Now £6m
Headcount: ▼1%; Now 132
Deferred income: —; Now —
Fixed assets: ▲50%; Now £13.4m

Corporate ownership

Group structure

Ownership chain

Fred Sherwood Group Limitedultimate parent75–100%
Bulk Freight (Midlands) Limitedthis company

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

Sister companies (14)

Fred Sherwood & Sons (Transport) LimitedRev. £37.7m · Profit £282k
Bulk Minerals LimitedRev. £22.3m · Profit £1.6m
K J Transport LimitedRev. £17.3m · Profit £610k
F. Sherwood & Sons (Shepshed) LimitedRev. £14.8m · Profit £256k
George Varney (Bulk Services) LimitedRev. £10.1m · Profit £20.5k
Bulk Recycling LimitedFigures not disclosed
Elliott Signs LimitedFigures not disclosed
Fred Sherwood & Sons (Trading) LimitedFigures not disclosed
Junction 23 Lorry Park LimitedFigures not disclosed
Kwik Freight LimitedFigures not disclosed
Sherwood Commercial Vehicle Repair Centre LimitedFigures not disclosed
Sherwood Property Developments LimitedFigures not disclosed
Sherwood Recycling LimitedFigures not disclosed
Sherwood Self Store 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 Mar 2024 (profit £769k), from the Companies House accounts bulk data published Dec 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.