How much does Matthews & Tannert Limited make?

Matthews & Tannert Limited reported revenue of £17.1m and £950k profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Matthews & Tannert Limited have?

Matthews & Tannert Limited reported an average of 137 employees in the year to 31 May 2025.

Is Matthews & Tannert Limited profitable?

Yes — Matthews & Tannert Limited reported a profit of £950k in the year to 31 May 2025.

Company No. 02242646 · Incorporated 11 Apr 1988

Matthews & Tannert Limited

Registered name: MATTHEWS & TANNERT LIMITED

Part of MRD Holdings Limited group

Matthews & Tannert Limited made £17.1m revenue and £950k profit in the year to 31 May 2025. read from filing text

Matthews & Tannert Limited’s revenue grew 12% to £17.1m in the year to 31 May 2025, with £950k profit and 137 employees. The company is classified under “plumbing, heat and air-conditioning installation” and is based in Kirkby in Ashfield, Nottingham; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43220Plumbing, heat and air-conditioning installation

Status: Active
Location: Kirkby in Ashfield, Nottingham, East Midlands
Age: 38 yrs · since 1988
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: “Mr S Matthews is the current ultimate controlling party by virtue of his shareholding in the parent company, MRD Holdings Limited.”

Latest accounts · year to 31 May 2025

Key figures

Capital-lightOperating leverageBoring industry

Revenue

£17.1m

Growth ▲12.2%

Profit

£950k

Growth ▲66.8%

Profit margin

5.6%

Gross 27.9%

Employees

137

Change ▲3.8%

Profit / employee

£6.9k

Revenue/employee £124k

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	31 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£10m	£12.2m	£15.2m	£17.1m
Cost of sales	£7.9m	£9.6m	£11.3m	£12.3m
Gross profit	£2.1m	£2.6m	£3.9m	£4.8m
Operating profit	£74.4k	£186k	£784k	£1.3m
Profit before tax	£63k	£180k	£804k	£1.3m
Profit after tax	£51.9k	£145k	£569k	£950k
Profit (best available)	£51.9k	£145k	£569k	£950k
Staff costs	£3.6m	£4.2m	£4.9m	£5.5m
Employees (average)	114	126	132	137
Ratios
Profit margin	0.5%	1.2%	3.8%	5.6%
Gross margin	21.1%	21.6%	25.4%	27.9%
Revenue per employee	£87.9k	£96.9k	£115k	£124k
Profit per employee	£455	£1.2k	£4.3k	£6.9k
Cash conversion	−263.4%	−243%	−180.2%	—
Growth (year on year)
Revenue growth	—	▲21.8%	▲24.5%	▲12.2%
Profit growth	—	▲179.7%	▲292.6%	▲66.8%
Headcount growth	—	▲10.5%	▲4.8%	▲3.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£619k	£705k	£1.8m	£1.4m
Net assets	£1.3m	£1.3m	£1.8m	£2.7m
Fixed assets	£364k	£495k	£785k	£1.2m
Current assets	£2.8m	£3.4m	£4.4m	£5.6m
Debtors	£825k	£1.4m	£799k	£1.8m
Deferred income	—	£379k	£573k	£758k
Cash from operations	−£196k	−£451k	−£1.4m	—
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 5.6%; Profit ÷ revenue.
Gross margin: 27.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £124k; Revenue ÷ average employees.
Profit per employee: £6.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.5%; 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: ▲48%; Now £2.7m
Cash at bank: ▼25%; Now £1.4m
Headcount: ▲4%; Now 137
Deferred income: ▲32%; Now £758k
Fixed assets: ▲53%; Now £1.2m

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

MRD Holdings Limitedultimate parent75–100%
Matthews & Tannert 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 31 May 2025 (profit £950k), from the Companies House accounts bulk data published Nov 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.