How much does M & I Materials Limited make?

M & I Materials Limited reported revenue of £17.2m and £374k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does M & I Materials Limited have?

M & I Materials Limited reported an average of 131 employees in the year to 31 Mar 2025.

Is M & I Materials Limited profitable?

Yes — M & I Materials Limited reported a profit of £374k in the year to 31 Mar 2025.

Company No. 02772838 · Incorporated 11 Dec 1992

M & I Materials Limited

Registered name: M & I MATERIALS LIMITED

Part of M&i Materials Holdings Limited group

M & I Materials Limited made £17.2m revenue and £374k profit in the year to 31 Mar 2025.

M & I Materials Limited’s revenue fell 77% to £17.2m in the year to 31 Mar 2025, with £374k profit and 131 employees. The company is classified under “manufacture of other chemical products” and is based in Salford; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 20590Manufacture of other chemical products n.e.c.SIC 23440Manufacture of other technical ceramic products SIC 25990Manufacture of other fabricated metal products n.e.c.

Status: Active
Location: Salford, North West
Age: 33 yrs · since 1992
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.

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£17.2m

Growth ▼76.7%

Profit

£374k

Growth —

Profit margin

2.2%

Gross 37.8%

Employees

131

Change ▼21.1%

Profit / employee

£2.9k

Revenue/employee £131k

Profitable streak

1yr

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 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£90m	£73.7m	£17.2m
Cost of sales	£66.5m	£49.4m	£10.7m
Gross profit	£23.5m	£24.4m	£6.5m
Operating profit	£10.4m	−£20.6m	£569k
Profit before tax	£10.5m	−£20.5m	£539k
Profit after tax	£8.5m	−£20.6m	£374k
Profit (best available)	£8.5m	−£20.6m	£374k
Staff costs	£9.4m	£9.1m	£6.7m
Employees (average)	174	166	131
Ratios
Profit margin	9.4%	−28%	2.2%
Gross margin	26.1%	33.1%	37.8%
Revenue per employee	£517k	£444k	£131k
Profit per employee	£48.6k	−£124k	£2.9k
Cash conversion	61.2%	—	—
Growth (year on year)
Revenue growth	—	▼18.1%	▼76.7%
Profit growth	—	▼343.9%	—
Headcount growth	—	▼4.6%	▼21.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.7m	£5.4m	£4.9m
Net assets	£33.2m	£12.6m	£13m
Fixed assets	£11.5m	£2.2m	£5m
Current assets	£44.3m	£14.4m	£12.2m
Debtors	£18.4m	£3.8m	£2.3m
Deferred income	£1.5m	£168k	£239k
Cash from operations	£6.4m	£7.7m	—
Source	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 2.2%; Profit ÷ revenue.
Gross margin: 37.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £131k; Revenue ÷ average employees.
Profit per employee: £2.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 29.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.6%; 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: ▲3%; Now £13m
Cash at bank: ▼8%; Now £4.9m
Headcount: ▼21%; Now 131
Deferred income: ▲42%; Now £239k
Fixed assets: ▲124%; Now £5m

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

M&i Materials Holdings Limitedultimate parent75–100%
M & I Materials Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Apiezon Products 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 2025 (profit £374k), from the Companies House accounts bulk data published Dec 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.