How much does Varfell Farms Ltd make?

Varfell Farms Ltd reported revenue of £28.5m and £2.3m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Varfell Farms Ltd have?

Varfell Farms Ltd reported an average of 160 employees in the year to 31 Dec 2025.

Is Varfell Farms Ltd profitable?

Yes — Varfell Farms Ltd reported a profit of £2.3m in the year to 31 Dec 2025.

Company No. 03007729 · Incorporated 9 Jan 1995

Varfell Farms Ltd

Registered name: VARFELL FARMS LTD

Part of Greosn Holdings Limited group

Varfell Farms Ltd made £28.5m revenue and £2.3m profit in the year to 31 Dec 2025.

Varfell Farms Ltd’s revenue grew 23% to £28.5m in the year to 31 Dec 2025, with £2.3m profit and 160 employees. The company is classified under “growing of other non-perennial crops” and is based in Penzance; we hold 4 years of its filed accounts.

Full P&L filedSection A · Agriculture, forestry and fishingSIC 01190Growing of other non-perennial crops SIC 01290Growing of other perennial crops SIC 01630Post-harvest crop activities SIC 46220Wholesale of flowers and plants

Status: Active
Location: Penzance, South West
Age: 31 yrs · since 1995
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

Doing more with less

Revenue

£28.5m

Growth ▲23.1%

Profit

£2.3m

Growth ▼0.3%

Profit margin

7.9%

Gross 14.2%

Employees

160

Change ▼1.2%

Profit / employee

£14.1k

Revenue/employee £178k

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)	£19m	£23m	£23.1m	£28.5m
Cost of sales	£16.7m	£19.9m	£20.1m	£24.4m
Gross profit	£2.3m	£3.1m	£3m	£4m
Operating profit	£3.6m	£2.3m	£3m	£2.6m
Profit before tax	£3.6m	£2.1m	£3m	£2.7m
Profit after tax	£3.1m	£1.6m	£2.3m	£2.3m
Profit (best available)	£3.1m	£1.6m	£2.3m	£2.3m
Staff costs	£5.4m	£6.1m	£5.2m	£6.3m
Employees (average)	133	206	162	160
Ratios
Profit margin	16.5%	6.9%	9.8%	7.9%
Gross margin	12.2%	13.5%	13.1%	14.2%
Revenue per employee	£143k	£112k	£143k	£178k
Profit per employee	£23.6k	£7.7k	£14k	£14.1k
Growth (year on year)
Revenue growth	—	▲21.2%	▲0.4%	▲23.1%
Profit growth	—	▼49.4%	▲42.3%	▼0.3%
Headcount growth	—	▲54.9%	▼21.4%	▼1.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£9.1k	£5.6k	£905	£700k
Net assets	£29.9m	£31.9m	£34.6m	£36.9m
Fixed assets	£34.1m	£35.6m	£37.1m	£47.3m
Current assets	£9.5m	£10.3m	£12.1m	£14.9m
Debtors	£418k	£589k	£957k	£2.1m
Deferred income	£117k	£331k	£115k	£387k
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: 7.9%; Profit ÷ revenue.
Gross margin: 14.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £178k; Revenue ÷ average employees.
Profit per employee: £14.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 166%; 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: 7.5%; 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: ▲7%; Now £36.9m
Cash at bank: ▲77222%; Now £700k
Headcount: ▼1%; Now 160
Deferred income: ▲236%; Now £387k
Fixed assets: ▲28%; Now £47.3m

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

Greosn Holdings Limitedultimate parent75–100%
Greosn Ltd75–100%
Yellow Holdings Ltd75–100%
Varfell Farms Ltdthis company

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

Subsidiaries (1)

Greenyard Flowers UK 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 Dec 2025 (profit £2.3m), 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.