How much does Bulk Minerals Limited make?

Bulk Minerals Limited reported revenue of £22.3m and £1.6m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Bulk Minerals Limited have?

Bulk Minerals Limited reported an average of 5 employees in the year to 31 Mar 2024.

Is Bulk Minerals Limited profitable?

Yes — Bulk Minerals Limited reported a profit of £1.6m in the year to 31 Mar 2024.

Company No. 02210184 · Incorporated 11 Jan 1988

Bulk Minerals Limited

Registered name: BULK MINERALS LIMITED

Part of Fred Sherwood Group Limited group

Bulk Minerals Limited made £22.3m revenue and £1.6m profit in the year to 31 Mar 2024.

Bulk Minerals Limited’s revenue fell 35% to £22.3m in the year to 31 Mar 2024, with £1.6m profit and 5 employees. The company is classified under “non-specialised wholesale trade” and is based in Loughborough; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active
Location: Loughborough, East Midlands
Age: 38 yrs · since 1988
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 Mar 2024

Key figures

Small teamCapital-light

Revenue

£22.3m

Growth ▼35.4%

Profit

£1.6m

Growth ▼28.2%

Profit margin

7.4%

Gross 11.4%

Employees

Change ▼28.6%

Profit / employee

£328k

Revenue/employee £4.5m

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)	£32.1m	£34.4m	£22.3m
Cost of sales	£29.7m	£31.3m	£19.7m
Gross profit	£2.4m	£3.1m	£2.5m
Operating profit	£2m	£2.8m	£2.2m
Profit before tax	£2m	£2.8m	£2.2m
Profit after tax	£1.7m	£2.3m	£1.6m
Profit (best available)	£1.7m	£2.3m	£1.6m
Staff costs	£156k	£208k	£71.1k
Employees (average)	7	7	5
Ratios
Profit margin	5.2%	6.6%	7.4%
Gross margin	7.3%	9.1%	11.4%
Revenue per employee	£4.6m	£4.9m	£4.5m
Profit per employee	£237k	£326k	£328k
Growth (year on year)
Revenue growth	—	▲7.4%	▼35.4%
Profit growth	—	▲37.7%	▼28.2%
Headcount growth	—	0%	▼28.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£2.3m	£0
Net assets	£5.1m	£7.4m	£9.1m
Fixed assets	£282k	£115k	£78.7k
Current assets	£12.1m	£12.8m	£12.2m
Debtors	£6.3m	£5m	£3.4m
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: 7.4%; Profit ÷ revenue.
Gross margin: 11.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £4.5m; Revenue ÷ average employees.
Profit per employee: £328k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.4%; 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: ▲22%; Now £9.1m
Cash at bank: ▼100%; Now £0
Headcount: ▼29%; Now 5
Deferred income: —; Now —
Fixed assets: ▼32%; Now £78.7k

Corporate ownership

Group structure

Ownership chain

Fred Sherwood Group Limitedultimate parent75–100%
Bulk Minerals 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 Freight (Midlands) LimitedRev. £20.5m · Profit £769k
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 £1.6m), 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.