Ford & Slater Limited
Registered name: FORD & SLATER LIMITED
Part of Strevens Vehicles Holdings Limited groupFord & Slater Limited made £367m revenue and £3.8m profit in the year to 31 Dec 2025.
Ford & Slater Limited’s revenue grew 1% to £367m in the year to 31 Dec 2025, with £3.8m profit and 867 employees. The company is classified under “sale of other motor vehicles” and is based in Leicester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Leicester, East Midlands
- Age
- 36 yrs · since 1990
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £199m | £323m | £365m | £367m |
| Cost of sales | £155m | £260m | £300m | £297m |
| Gross profit | £44.3m | £62.8m | £65m | £70.9m |
| Operating profit | £3.9m | £3.6m | £4.8m | £6.7m |
| Profit before tax | £3.1m | £1.2m | £2.6m | £5.4m |
| Profit after tax | £2.2m | £1.2m | £1.8m | £3.8m |
| Profit (best available) | £2.2m | £1.2m | £1.8m | £3.8m |
| Staff costs | £26m | £34.1m | £36.7m | £38.3m |
| Employees (average) | 629 | 795 | 861 | 867 |
| Ratios | ||||
| Profit margin | 1.1% | 0.4% | 0.5% | 1% |
| Gross margin | 22.3% | 19.4% | 17.8% | 19.3% |
| Revenue per employee | £316k | £407k | £423k | £424k |
| Profit per employee | £3.5k | £1.6k | £2k | £4.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲62.4% | ▲12.8% | ▲0.8% |
| Profit growth | — | ▼44% | ▲41.6% | ▲115% |
| Headcount growth | — | ▲26.4% | ▲8.3% | ▲0.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £6.5m | £2m | £6.8m | −£4.2m |
| Net assets | £22.7m | £24.1m | £27m | £31m |
| Fixed assets | £50.1m | £62.2m | £51m | £51.5m |
| Current assets | £149m | £156m | £135m | £124m |
| Debtors | £30.9m | £29.3m | £22.9m | £21.7m |
| Deferred income | £29.3m | £42m | £55m | £43m |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 1%
- Profit ÷ revenue.
- Gross margin
- 19.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £424k
- Revenue ÷ average employees.
- Profit per employee
- £4.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 14%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 11.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5.9%
- 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
- ▲15%
- Now £31m
- Cash at bank
- ▼162%
- Now −£4.2m
- Headcount
- ▲1%
- Now 867
- Deferred income
- ▼22%
- Now £43m
- Fixed assets
- ▲1%
- Now £51.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Strevens Vehicles Holdings Limitedultimate parent75–100%
- Ford & Slater Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Massey Truck Engineering LimitedRev. £15.5m · Profit £908k
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Rygor Commercials LtdWestbury · Sale of other motor vehicles
- Revenue
- £294m
- Profit
- £3.5m
- Staff
- 531
- Haydock Commercial Vehicles LimitedMilton Keynes · Sale of other motor vehicles
- Revenue
- £243m
- Profit
- £5.9m
- Staff
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- Lawrence Vehicles LimitedDerby · Sale of other motor vehicles
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- £215m
- Profit
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- Staff
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- Midlands Truck & Van LimitedSmethwick · Sale of other motor vehicles
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- £200m
- Profit
- £420k
- Staff
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- Heathrow Truck Centre LimitedBerkshire · Sale of other motor vehicles
- Revenue
- £167m
- Profit
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- Staff
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- Bell Truck Sales LimitedGateshead · Sale of other motor vehicles
- Revenue
- £148m
- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £3.8m), 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.