How much does Wrings Transport Limited make?

Wrings Transport Limited reported revenue of £9.9m and £587k profit in the year to 30 Sep 2023, according to its accounts filed at Companies House.

How many employees does Wrings Transport Limited have?

Wrings Transport Limited reported an average of 95 employees in the year to 30 Sep 2023.

Is Wrings Transport Limited profitable?

Yes — Wrings Transport Limited reported a profit of £587k in the year to 30 Sep 2023.

Company No. 03093453 · Incorporated 21 Aug 1995

Wrings Transport Limited

Registered name: WRINGS TRANSPORT LIMITED

Wrings Transport Limited made £9.9m revenue and £587k profit in the year to 30 Sep 2023.

Wrings Transport Limited’s revenue fell 11% to £9.9m in the year to 30 Sep 2023, with £587k profit and 95 employees. The company is classified under “freight transport by road” and is based in Bristol; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49410Freight transport by road

Status: Active
Location: Bristol, South West
Age: 31 yrs · since 1995
Type: Private Limited Company

Latest accounts · year to 30 Sep 2023

Key figures

IndependentBoring industryCash flow filed

Revenue

£9.9m

Growth ▼10.6%

Profit

£587k

Growth ▼52.7%

Profit margin

5.9%

Gross 31.8%

Employees

Change ▼5%

Profit / employee

£6.2k

Revenue/employee £104k

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Sep 2022	30 Sep 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£11.1m	£9.9m
Cost of sales	£7.5m	£6.7m
Gross profit	£3.6m	£3.1m
Operating profit	£1.3m	£815k
Profit before tax	£1.3m	£730k
Profit after tax	£1.2m	£587k
Profit (best available)	£1.2m	£587k
Staff costs	£3.7m	£4m
Employees (average)	100	95
Ratios
Profit margin	11.2%	5.9%
Gross margin	32.1%	31.8%
Revenue per employee	£111k	£104k
Profit per employee	£12.4k	£6.2k
Cash conversion	169.6%	248.7%
Growth (year on year)
Revenue growth	—	▼10.6%
Profit growth	—	▼52.7%
Headcount growth	—	▼5%
Balance sheet — indirect signals, not revenue
Cash at bank	£773k	£1.5m
Net assets	£6.1m	£6.5m
Fixed assets	£7.5m	£7.1m
Current assets	£3.1m	£3.5m
Debtors	£1.4m	£1.1m
Cash from operations	£2.3m	£2m
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024

Derived from the latest filing

How the business works

Profit margin: 5.9%; Profit ÷ revenue.
Gross margin: 31.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £104k; Revenue ÷ average employees.
Profit per employee: £6.2k; Profit ÷ average employees.
Cash conversion: 248.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 71.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.3%; 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: ▲6%; Now £6.5m
Cash at bank: ▲95%; Now £1.5m
Headcount: ▼5%; Now 95
Deferred income: —; Now —
Fixed assets: ▼5%; Now £7.1m

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Sep 2023 (profit £587k), from the Companies House accounts bulk data published Jan 2024. 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.