How much does Mandarin Slate Limited make?

Mandarin Slate Limited reported revenue of £49.8m and £4.2m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Mandarin Slate Limited have?

Mandarin Slate Limited reported an average of 247 employees in the year to 31 Dec 2025.

Is Mandarin Slate Limited profitable?

Yes — Mandarin Slate Limited reported a profit of £4.2m in the year to 31 Dec 2025.

Company No. 02343004 · Incorporated 3 Feb 1989

Mandarin Slate Limited

Registered name: MANDARIN SLATE LIMITED

Part of Mandarin Stone Holdings Limited group

Mandarin Slate Limited made £49.8m revenue and £4.2m profit in the year to 31 Dec 2025. read from filing text

Mandarin Slate Limited’s revenue grew 11% to £49.8m in the year to 31 Dec 2025, with £4.2m profit and 247 employees. The company is classified under “other retail sale of new goods in specialised stores (not commercial art galleries and opticians)” and is based in Monmouth; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47789Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)

Status: Active
Location: Monmouth, Wales
Age: 37 yrs · since 1989
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 ultimate parent company of Mandarin Slate Limited is Mandarin Stone Holdings Limited, incorporated in England and Wales. Mandarin Stone Holdings Limited is the parent undertaking of the smallest a”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£49.8m

Growth ▲11.2%

Profit

£4.2m

Growth ▲1.3%

Profit margin

8.5%

Gross 53.2%

Employees

247

Change ▲5.6%

Profit / employee

£17.1k

Revenue/employee £202k

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 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)	£44.9m	£43.9m	£44.8m	£49.8m
Cost of sales	£21m	£21.5m	£20.9m	£23.3m
Gross profit	£24m	£22.4m	£23.9m	£26.5m
Operating profit	£7.4m	£4.8m	£5.3m	£5.2m
Profit before tax	£7.5m	£4.9m	£5.6m	£5.7m
Profit after tax	£6.1m	£3.8m	£4.2m	£4.2m
Profit (best available)	£6.1m	£3.8m	£4.2m	£4.2m
Staff costs	£8.5m	£8.8m	£9.1m	£10.5m
Employees (average)	223	225	234	247
Ratios
Profit margin	13.6%	8.6%	9.3%	8.5%
Gross margin	53.3%	51%	53.3%	53.2%
Revenue per employee	£201k	£195k	£192k	£202k
Profit per employee	£27.3k	£16.7k	£17.9k	£17.1k
Growth (year on year)
Revenue growth	—	▼2.3%	▲2.1%	▲11.2%
Profit growth	—	▼38.4%	▲11.3%	▲1.3%
Headcount growth	—	▲0.9%	▲4%	▲5.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.9m	£8.3m	£12.7m	£10.1m
Net assets	£7.1m	£10.9m	£15m	£19.3m
Fixed assets	£3.2m	£3.6m	£4.6m	£4.7m
Current assets	£15m	£16.5m	£21.3m	£26.2m
Debtors	£133k	£161k	£72k	£147k
Deferred income	£762k	£720k	£855k	£798k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 8.5%; Profit ÷ revenue.
Gross margin: 53.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £202k; Revenue ÷ average employees.
Profit per employee: £17.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 9.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.3%; 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: ▲28%; Now £19.3m
Cash at bank: ▼20%; Now £10.1m
Headcount: ▲6%; Now 247
Deferred income: ▼7%; Now £798k
Fixed assets: ▲2%; Now £4.7m

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

Mandarin Stone Holdings Limitedultimate parent75–100%
Mandarin Slate 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 Dec 2025 (profit £4.2m), from the Companies House accounts bulk data published Sep 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.