How much does Expect Distribution Limited make?

Expect Distribution Limited reported revenue of £52.9m and £3m profit in the year to 30 Nov 2025, according to its accounts filed at Companies House.

How many employees does Expect Distribution Limited have?

Expect Distribution Limited reported an average of 329 employees in the year to 30 Nov 2025.

Is Expect Distribution Limited profitable?

Yes — Expect Distribution Limited reported a profit of £3m in the year to 30 Nov 2025.

Company No. 02169364 · Incorporated 25 Sep 1987

Expect Distribution Limited

Registered name: EXPECT DISTRIBUTION LIMITED

Part of Expect Distribution Group Limited group

Expect Distribution Limited made £52.9m revenue and £3m profit in the year to 30 Nov 2025. read from filing text

Expect Distribution Limited’s revenue fell 4% to £52.9m in the year to 30 Nov 2025, with £3m profit and 329 employees. The company is classified under “freight transport by road” and is based in Bradford; we hold 4 years of its filed accounts.

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

Status: Active
Location: Bradford, Yorkshire and The Humber
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. From the filing: “The immediate parent company is Expect Group Limited, a company registered in England and Wales with registered office Premier Point, Premier Gate, Staithgate Lane, Bradford, BD6 1DW.”

Latest accounts · year to 30 Nov 2025

Key figures

Capital-lightBoring industry

Revenue

£52.9m

Growth ▼4%

Profit

£3m

Growth ▲45%

Profit margin

5.6%

Gross 35.7%

Employees

329

Change ▼9.6%

Profit / employee

£9k

Revenue/employee £161k

Profitable streak

4yrs

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 Nov 2022	30 Nov 2023	30 Nov 2024	30 Nov 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£46m	£48.8m	£55.1m	£52.9m
Cost of sales	£32m	£33.3m	£37.5m	£34m
Gross profit	£14m	£15.5m	£17.6m	£18.9m
Operating profit	£5m	£4.8m	£5m	£5.7m
Profit before tax	£3.8m	£3m	£2.9m	£3.9m
Profit after tax	£3m	£2.3m	£2.1m	£3m
Profit (best available)	£3m	£2.3m	£2.1m	£3m
Staff costs	£13.2m	£14.6m	£16.2m	£16m
Employees (average)	357	357	364	329
Ratios
Profit margin	6.5%	4.7%	3.7%	5.6%
Gross margin	30.5%	31.8%	31.9%	35.7%
Revenue per employee	£129k	£137k	£151k	£161k
Profit per employee	£8.4k	£6.5k	£5.6k	£9k
Growth (year on year)
Revenue growth	—	▲6%	▲13%	▼4%
Profit growth	—	▼22.7%	▼11%	▲45%
Headcount growth	—	0%	▲2%	▼9.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£140k	£35.2k	£85.1k	£8.8k
Net assets	£4.2m	£6.1m	£1.5m	£2.1m
Fixed assets	£3.1m	£4.1m	£4.6m	£4m
Current assets	£14.8m	£17.3m	£12.1m	£12.9m
Debtors	£9.7m	£9.6m	£7m	£7.4m
Deferred income	£1.8m	£1.7m	£2.8m	£2.8m
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data May 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 5.6%; Profit ÷ revenue.
Gross margin: 35.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £161k; Revenue ÷ average employees.
Profit per employee: £9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14%; 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: ▲43%; Now £2.1m
Cash at bank: ▼90%; Now £8.8k
Headcount: ▼10%; Now 329
Deferred income: ▼1%; Now £2.8m
Fixed assets: ▼11%; Now £4m

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

Expect Distribution Group Limitedultimate parent75–100%
Expect Group Limited75–100%
Expect Distribution 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £3m), from the Companies House accounts bulk data published Apr 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.