How much does Natsons Midland Packaging Limited make?

Natsons Midland Packaging Limited reported revenue of £16.9m and £1.2m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Natsons Midland Packaging Limited have?

Natsons Midland Packaging Limited reported an average of 36 employees in the year to 31 Dec 2025.

Is Natsons Midland Packaging Limited profitable?

Yes — Natsons Midland Packaging Limited reported a profit of £1.2m in the year to 31 Dec 2025.

Company No. 03007756 · Incorporated 9 Jan 1995

Natsons Midland Packaging Limited

Registered name: NATSONS MIDLAND PACKAGING LIMITED

Part of Modern Paper Limited group

Natsons Midland Packaging Limited made £16.9m revenue and £1.2m profit in the year to 31 Dec 2025.

Natsons Midland Packaging Limited’s revenue fell 6% to £16.9m in the year to 31 Dec 2025, with £1.2m profit and 36 employees. The company is classified under “manufacture of household and sanitary goods and of toilet requisites” and is based in Erith; we hold 5 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 17220Manufacture of household and sanitary goods and of toilet requisites SIC 46900Non-specialised wholesale trade

Status: Active
Location: Erith, South East
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. From the filing: “Modern Paper Limited”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£16.9m

Growth ▼6.1%

Profit

£1.2m

Growth ▼31.6%

Profit margin

7.4%

Gross 23.2%

Employees

Change 0%

Profit / employee

£34.6k

Revenue/employee £469k

Profitable streak

5yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2022	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	Full P&L
Profit & loss
Revenue (turnover)	£11.2m	£12m	£18.4m	£18m	£16.9m
Cost of sales	£8.1m	£9.5m	£14.8m	£13.4m	£12.9m
Gross profit	£3.1m	£2.5m	£3.6m	£4.6m	£3.9m
Operating profit	£1.5m	£863k	£1.4m	£1.8m	£986k
Profit before tax	£1.5m	£851k	£1.4m	£1.8m	£1m
Profit after tax	£1.2m	£773k	£1.5m	£1.8m	£1.2m
Profit (best available)	£1.2m	£773k	£1.5m	£1.8m	£1.2m
Staff costs	£438k	£593k	£1.2m	£1.5m	£1.5m
Employees (average)	21	27	32	36	36
Ratios
Profit margin	11.1%	6.4%	8%	10.1%	7.4%
Gross margin	27.4%	21%	19.5%	25.3%	23.2%
Revenue per employee	£532k	£445k	£576k	£499k	£469k
Profit per employee	£59.3k	£28.6k	£46k	£50.5k	£34.6k
Cash conversion	−43.1%	173.8%	−114.3%	−86.6%	−46.3%
Growth (year on year)
Revenue growth	—	—	—	▼2.6%	▼6.1%
Profit growth	—	—	—	▲23.7%	▼31.6%
Headcount growth	—	—	—	▲12.5%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£210k	£894k	£740k	£2m	£1.4m
Net assets	£4.1m	£4.1m	£4.3m	£6m	£6.9m
Fixed assets	£1.3m	£1.2m	£1m	£900k	£1.5m
Current assets	£5.5m	£6.6m	£6.6m	£7.3m	£6.6m
Debtors	£3.5m	£2.6m	£2.5m	£3.3m	£3.3m
Deferred income	£41.1k	£169k	£107k	£10.8k	£8.3k
Cash from operations	−£655k	£1.5m	−£1.6m	−£1.5m	−£456k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 7.4%; Profit ÷ revenue.
Gross margin: 23.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £469k; Revenue ÷ average employees.
Profit per employee: £34.6k; Profit ÷ average employees.
Cash conversion: −46.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.4%; 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: ▲15%; Now £6.9m
Cash at bank: ▼33%; Now £1.4m
Headcount: 0%; Now 36
Deferred income: ▼23%; Now £8.3k
Fixed assets: ▲66%; Now £1.5m

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

Modern Paper Limitedultimate parent75–100%
Natsons Midland Packaging 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.2m), 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.