How much does Medline Industries Limited make?

Medline Industries Limited reported revenue of £56.3m and £844k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Medline Industries Limited have?

Medline Industries Limited reported an average of 49 employees in the year to 31 Dec 2024.

Is Medline Industries Limited profitable?

Yes — Medline Industries Limited reported a profit of £844k in the year to 31 Dec 2024.

Company No. 03238147 · Incorporated 15 Aug 1996

Medline Industries Limited

Registered name: MEDLINE INDUSTRIES LIMITED

Part of Medline Stellar UK Limited group

Medline Industries Limited made £56.3m revenue and £844k profit in the year to 31 Dec 2024. read from filing text

Medline Industries Limited’s revenue grew 16% to £56.3m in the year to 31 Dec 2024, with £844k profit and 49 employees. The company is classified under “other business support service activities” and is based in Warrington; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Warrington, North West
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: “The immediate parent undertaking is Medline Stellar UK Limited, a company registered in England and Wales. The financial statements can be obtained from Companies House.”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£56.3m

Growth ▲15.9%

Profit

£844k

Growth ▲9.1%

Profit margin

1.5%

Gross 12.4%

Employees

Change ▲8.9%

Profit / employee

£17.2k

Revenue/employee £1.1m

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 2021	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	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£123m	£67.9m	£48.6m	£56.3m
Cost of sales	£116m	£62.5m	£41.8m	£49.3m
Gross profit	£6.8m	£5.4m	£6.8m	£7m
Operating profit	£2.3m	£1.3m	£900k	£1m
Profit before tax	£2.3m	£1.3m	£1m	£1.1m
Profit after tax	£1.9m	£1m	£774k	£844k
Profit (best available)	£1.9m	£1m	£774k	£844k
Staff costs	£3.8m	£3.3m	£4.6m	£4.6m
Employees (average)	44	47	45	49
Ratios
Profit margin	1.5%	1.5%	1.6%	1.5%
Gross margin	5.5%	8%	14%	12.4%
Revenue per employee	£2.8m	£1.4m	£1.1m	£1.1m
Profit per employee	£42.4k	£21.8k	£17.2k	£17.2k
Growth (year on year)
Revenue growth	—	▼44.9%	▼28.5%	▲15.9%
Profit growth	—	▼45.2%	▼24.4%	▲9.1%
Headcount growth	—	▲6.8%	▼4.3%	▲8.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.9m	£6.8m	£6.7m	£4.3m
Net assets	£6.2m	£7.2m	£7m	£7.8m
Fixed assets	£136k	£118k	£103k	£80.8k
Current assets	£41.4m	£15.6m	£15.9m	£15.8m
Debtors	£33.8m	£7.6m	£7.7m	£10.5m
Deferred income	£1.3m	£945k	£1.7m	£1.8m
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 1.5%; Profit ÷ revenue.
Gross margin: 12.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.1m; Revenue ÷ average employees.
Profit per employee: £17.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.6%; 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: ▲12%; Now £7.8m
Cash at bank: ▼35%; Now £4.3m
Headcount: ▲9%; Now 49
Deferred income: ▲5%; Now £1.8m
Fixed assets: ▼22%; Now £80.8k

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

Medline Stellar UK Limitedultimate parent75–100%
Medline Industries Limitedthis company

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

Sister companies (2)

Medline Operations LtdRev. £3.2m · Profit £2.1k
Medline Services UK LimitedRev. — · Profit £266k

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 £844k), from the Companies House accounts bulk data published Nov 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.