Duncan Reeds Limited
Registered name: DUNCAN REEDS LIMITED
Duncan Reeds Limited made £10.1m revenue and £452k profit in the year to 30 Sep 2025. read from filing text
Duncan Reeds Limited’s revenue fell 3% to £10.1m in the year to 30 Sep 2025, with £452k profit and 55 employees. The company is classified under “manufacture of veneer sheets and wood-based panels” and is based in Billingshurst; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Billingshurst, South East
- Age
- 37 yrs · since 1989
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £10.9m | £11.5m | £10.4m | £10.1m |
| Cost of sales | £8.7m | £8.7m | £7.5m | £7.1m |
| Gross profit | £2.2m | £2.8m | £2.8m | £3m |
| Operating profit | £449k | £816k | £678k | £573k |
| Profit before tax | £432k | £828k | £718k | £634k |
| Profit after tax | £334k | £647k | £552k | £452k |
| Profit (best available) | £334k | £647k | £552k | £452k |
| Staff costs | £2.3m | £2.4m | £2.4m | £2.4m |
| Employees (average) | 60 | 50 | 57 | 55 |
| Ratios | ||||
| Profit margin | 3.1% | 5.6% | 5.3% | 4.5% |
| Gross margin | 20.5% | 24.1% | 27.4% | 29.6% |
| Revenue per employee | £182k | £229k | £182k | £183k |
| Profit per employee | £5.6k | £12.9k | £9.7k | £8.2k |
| Cash conversion | 145.9% | 135.3% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲5.2% | ▼9.7% | ▼2.7% |
| Profit growth | — | ▲93.9% | ▼14.7% | ▼18.1% |
| Headcount growth | — | ▼16.7% | ▲14% | ▼3.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.7m | £3.2m | £3.2m | £3.2m |
| Net assets | £7.4m | £7.9m | £8.3m | £9.2m |
| Fixed assets | £6.3m | £6.4m | £6.4m | £7.4m |
| Current assets | £5.6m | £5.8m | £5.3m | £5.8m |
| Debtors | £2.5m | £2.2m | £1.6m | £1.9m |
| Deferred income | £22.5k | £22.5k | £43.4k | £27.8k |
| Cash from operations | £656k | £1.1m | — | — |
| Source | Accounts · bulk data Jun 2024 | Accounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2026 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 4.5%
- Profit ÷ revenue.
- Gross margin
- 29.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £183k
- Revenue ÷ average employees.
- Profit per employee
- £8.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 73.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.3%
- Money owed by customers. Low = customers pay quickly.
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
- ▲11%
- Now £9.2m
- Cash at bank
- ▲1%
- Now £3.2m
- Headcount
- ▼4%
- Now 55
- Deferred income
- ▼36%
- Now £27.8k
- Fixed assets
- ▲15%
- Now £7.4m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Starbank Panel Products LimitedNewton Le Willows · Manufacture of veneer sheets and wood-based panels
- Revenue
- £10.9m
- Profit
- £662k
- Staff
- 76
- Hugh Stirling LimitedGlasgow · Manufacture of veneer sheets and wood-based panels
- Revenue
- £13.6m
- Profit
- £248k
- Staff
- 137
- Bathgate Flooring LimitedLiverpool · Manufacture of veneer sheets and wood-based panels
- Revenue
- £18.6m
- Profit
- £190k
- Staff
- 70
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £452k), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.