How much does National Flexible Limited make?

National Flexible Limited reported revenue of £22.2m and £1.8m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does National Flexible Limited have?

National Flexible Limited reported an average of 50 employees in the year to 31 Dec 2024.

Is National Flexible Limited profitable?

Yes — National Flexible Limited reported a profit of £1.8m in the year to 31 Dec 2024.

Company No. 03486101 · Incorporated 19 Dec 1997

National Flexible Limited

Registered name: NATIONAL FLEXIBLE LIMITED

Part of Nat Flex Group Limited group

National Flexible Limited made £22.2m revenue and £1.8m profit in the year to 31 Dec 2024.

National Flexible Limited’s revenue fell 2% to £22.2m in the year to 31 Dec 2024, with £1.8m profit and 50 employees. The company is classified under “packaging activities” and is based in Bradford; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82920Packaging activities

Status: Active
Location: Bradford, Yorkshire and The Humber
Age: 28 yrs · since 1997
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: “Nat Flex Group Limited”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£22.2m

Growth ▼2.5%

Profit

£1.8m

Growth ▼6.7%

Profit margin

8.2%

Gross 28.7%

Employees

Change ▼2%

Profit / employee

£36.2k

Revenue/employee £444k

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&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£23.4m	£22.7m	£22.2m
Cost of sales	£17.4m	£16.4m	£15.8m
Gross profit	£6m	£6.4m	£6.4m
Operating profit	£2.2m	£2.4m	£2.3m
Profit before tax	£2.2m	£2.6m	£2.5m
Profit after tax	£1.8m	£1.9m	£1.8m
Profit (best available)	£1.8m	£1.9m	£1.8m
Staff costs	£2.5m	£2.5m	£2.6m
Employees (average)	51	51	50
Ratios
Profit margin	7.7%	8.5%	8.2%
Gross margin	25.8%	28.1%	28.7%
Revenue per employee	£459k	£446k	£444k
Profit per employee	£35.2k	£38k	£36.2k
Growth (year on year)
Revenue growth	—	▼2.9%	▼2.5%
Profit growth	—	▲8%	▼6.7%
Headcount growth	—	0%	▼2%
Balance sheet — indirect signals, not revenue
Cash at bank	£4m	£5.3m	£4.6m
Net assets	£7.5m	£9m	£8.6m
Fixed assets	£540k	£2.5m	£540k
Current assets	£13.6m	£12.6m	£14.9m
Debtors	£4m	£3m	£3.9m
Deferred income	£946k	£740k	£735k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 8.2%; Profit ÷ revenue.
Gross margin: 28.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £444k; Revenue ÷ average employees.
Profit per employee: £36.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 17.4%; 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: ▼4%; Now £8.6m
Cash at bank: ▼12%; Now £4.6m
Headcount: ▼2%; Now 50
Deferred income: ▼1%; Now £735k
Fixed assets: ▼79%; Now £540k

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

Nat Flex Group Limitedultimate parent75–100%
National Flexible (Holdings) Limited75–100%
National Flexible 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.8m), from the Companies House accounts bulk data published Sep 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.