How much does Martindales Limited make?

Martindales Limited reported revenue of £15.1m and £357k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Martindales Limited have?

Martindales Limited reported an average of 151 employees in the year to 31 Dec 2025.

Is Martindales Limited profitable?

Yes — Martindales Limited reported a profit of £357k in the year to 31 Dec 2025.

Company No. 02821638 · Incorporated 26 May 1993

Martindales Limited

Registered name: MARTINDALES LIMITED

Part of Martindales Holdings Limited group

Martindales Limited made £15.1m revenue and £357k profit in the year to 31 Dec 2025.

Martindales Limited’s revenue fell 3% to £15.1m in the year to 31 Dec 2025, with £357k profit and 151 employees. The company is classified under “glazing” and is based in Bolton; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43342Glazing

Status: Active
Location: Bolton, North West
Age: 33 yrs · since 1993
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 Dec 2025

Key figures

Cash flow filed

Revenue

£15.1m

Growth ▼2.8%

Profit

£357k

Growth ▼44.5%

Profit margin

2.4%

Gross 53.6%

Employees

151

Change ▼6.8%

Profit / employee

£2.4k

Revenue/employee £99.9k

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&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.1m	£16.5m	£15.5m	£15.1m
Cost of sales	£6.8m	£7.7m	£7.2m	£7m
Gross profit	£8.3m	£8.9m	£8.3m	£8.1m
Operating profit	£1.3m	£1.5m	£869k	£499k
Profit before tax	£1.3m	£1.6m	£868k	£492k
Profit after tax	£1m	£1.2m	£643k	£357k
Profit (best available)	£1m	£1.2m	£643k	£357k
Staff costs	£5m	£5.5m	£5.5m	£5.5m
Employees (average)	156	163	162	151
Ratios
Profit margin	6.8%	7.4%	4.2%	2.4%
Gross margin	54.9%	53.7%	53.5%	53.6%
Revenue per employee	£97.1k	£102k	£95.8k	£99.9k
Profit per employee	£6.6k	£7.5k	£4k	£2.4k
Cash conversion	−130%	−104.9%	−173.4%	−197.5%
Growth (year on year)
Revenue growth	—	▲9.3%	▼6.2%	▼2.8%
Profit growth	—	▲19.3%	▼47.3%	▼44.5%
Headcount growth	—	▲4.5%	▼0.6%	▼6.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£403k	£401k	£617k	£1m
Net assets	£4.9m	£6.2m	£6.3m	£6m
Fixed assets	£2.9m	£4.4m	£4.3m	£4m
Current assets	£4.9m	£5.2m	£5.5m	£5.5m
Debtors	£1.1m	£1.1m	£959k	£654k
Deferred income	£256k	£245k	£354k	£242k
Cash from operations	−£1.7m	−£1.6m	−£1.5m	−£986k
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: 2.4%; Profit ÷ revenue.
Gross margin: 53.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £99.9k; Revenue ÷ average employees.
Profit per employee: £2.4k; Profit ÷ average employees.
Cash conversion: −197.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 26.7%; 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: 4.3%; 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: ▼4%; Now £6m
Cash at bank: ▲62%; Now £1m
Headcount: ▼7%; Now 151
Deferred income: ▼32%; Now £242k
Fixed assets: ▼6%; Now £4m

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

Martindales Holdings Limitedultimate parent75–100%
Martindales 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £357k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.