How much does Radmat Building Products Limited make?

Radmat Building Products Limited reported revenue of £42.7m and £3.4m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Radmat Building Products Limited have?

Radmat Building Products Limited reported an average of 65 employees in the year to 31 Dec 2024.

Is Radmat Building Products Limited profitable?

Yes — Radmat Building Products Limited reported a profit of £3.4m in the year to 31 Dec 2024.

Company No. 03159762 · Incorporated 15 Feb 1996

Radmat Building Products Limited

Registered name: RADMAT BUILDING PRODUCTS LIMITED

Part of Radmat Limited group

Radmat Building Products Limited made £42.7m revenue and £3.4m profit in the year to 31 Dec 2024. read from filing text

Radmat Building Products Limited’s revenue fell 2% to £42.7m in the year to 31 Dec 2024, with £3.4m profit and 65 employees. The company is classified under “agents involved in the sale of timber and building materials” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46130Agents involved in the sale of timber and building materials

Status: Active
Location: London, London
Age: 30 yrs · since 1996
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: “Radmat”

Latest accounts · year to 31 Dec 2024

Key figures

Cash flow filed

Revenue

£42.7m

Growth ▼2.5%

Profit

£3.4m

Growth ▼47.1%

Profit margin

Gross 34.2%

Employees

Change ▲12.1%

Profit / employee

£52.4k

Revenue/employee £657k

Profitable streak

3yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£37.4m	£43.8m	£42.7m
Cost of sales	£26.8m	£29.8m	£28.1m
Gross profit	£10.6m	£14m	£14.6m
Operating profit	£4.6m	£5.3m	£5.3m
Profit before tax	£3.9m	£7.8m	£4.3m
Profit after tax	£3.2m	£6.4m	£3.4m
Profit (best available)	£3.2m	£6.4m	£3.4m
Staff costs	£3m	£3.4m	£4.5m
Employees (average)	50	58	65
Ratios
Profit margin	8.5%	14.7%	8%
Gross margin	28.3%	31.9%	34.2%
Revenue per employee	£747k	£755k	£657k
Profit per employee	£63.2k	£111k	£52.4k
Cash conversion	−32.6%	−91.5%	−246.5%
Growth (year on year)
Revenue growth	—	▲17.3%	▼2.5%
Profit growth	—	▲103.8%	▼47.1%
Headcount growth	—	▲16%	▲12.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£442k	£1.4m	£1.1m
Net assets	£15.8m	£22.2m	£20.2m
Fixed assets	£4.2m	£5.9m	£6.8m
Current assets	£21.4m	£23.7m	£29.1m
Debtors	£12.4m	£10.4m	£10m
Deferred income	£1.2m	£852k	£2m
Cash from operations	−£1.5m	−£4.9m	−£12.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 8%; Profit ÷ revenue.
Gross margin: 34.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £657k; Revenue ÷ average employees.
Profit per employee: £52.4k; Profit ÷ average employees.
Cash conversion: −246.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 15.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 23.3%; 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: ▼9%; Now £20.2m
Cash at bank: ▼17%; Now £1.1m
Headcount: ▲12%; Now 65
Deferred income: ▲135%; Now £2m
Fixed assets: ▲14%; Now £6.8m

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

Radmat Limitedultimate parent75–100%
Radmat Building Products Limitedthis company

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

Subsidiaries (1)

Roofbase Group LimitedRev. £0 · Profit £1m

Sister companies (7)

Cooker Hire LimitedFigures not disclosed
Instar UK LimitedFigures not disclosed
Quantum Insulation LimitedFigures not disclosed
Roof Giant LimitedFigures not disclosed
Roofbase North LimitedActive - Proposal to Strike offFigures not disclosed
Smithton Building Products LimitedFigures not disclosed
South West Roofing Academy LimitedActive - Proposal to Strike offFigures 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 2024 (profit £3.4m), from the Companies House accounts bulk data published Oct 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.