How much does Freightforce Distribution Ltd make?

Freightforce Distribution Ltd reported revenue of £13m and £374k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Freightforce Distribution Ltd have?

Freightforce Distribution Ltd reported an average of 95 employees in the year to 31 Dec 2023.

Is Freightforce Distribution Ltd profitable?

Yes — Freightforce Distribution Ltd reported a profit of £374k in the year to 31 Dec 2023.

Company No. 03498298 · Incorporated 23 Jan 1998

Freightforce Distribution Ltd

Registered name: FREIGHTFORCE DISTRIBUTION LTD

Part of Logistic Management Freight Services Ltd group

Freightforce Distribution Ltd made £13m revenue and £374k profit in the year to 31 Dec 2023.

Freightforce Distribution Ltd’s revenue fell 1% to £13m in the year to 31 Dec 2023, with £374k profit and 95 employees. The company is classified under “freight transport by road” and is based in Norwich; we hold 2 years of its filed accounts.

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

Status: Active
Location: Norwich, East of England
Age: 28 yrs · since 1998
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.

Latest accounts · year to 31 Dec 2023

Key figures

Boring industry

Revenue

£13m

Growth ▼1%

Profit

£374k

Growth ▼35.4%

Profit margin

2.9%

Gross 18.1%

Employees

Change ▼2.1%

Profit / employee

£3.9k

Revenue/employee £137k

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	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13.1m	£13m
Cost of sales	£10.7m	£10.7m
Gross profit	£2.5m	£2.4m
Operating profit	£1.1m	£797k
Profit before tax	£914k	£487k
Profit after tax	£579k	£374k
Profit (best available)	£579k	£374k
Staff costs	£3.8m	£3.9m
Employees (average)	97	95
Ratios
Profit margin	4.4%	2.9%
Gross margin	18.9%	18.1%
Revenue per employee	£135k	£137k
Profit per employee	£6k	£3.9k
Growth (year on year)
Revenue growth	—	▼1%
Profit growth	—	▼35.4%
Headcount growth	—	▼2.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£25k	£62.2k
Net assets	£2.6m	£2.8m
Fixed assets	£5.9m	£6.4m
Current assets	£3.1m	£2.8m
Debtors	£2m	£2.2m
Deferred income	£56.3k	£76.6k
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 2.9%; Profit ÷ revenue.
Gross margin: 18.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £137k; Revenue ÷ average employees.
Profit per employee: £3.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 48.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.7%; 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: ▲7%; Now £2.8m
Cash at bank: ▲148%; Now £62.2k
Headcount: ▼2%; Now 95
Deferred income: ▲36%; Now £76.6k
Fixed assets: ▲7%; Now £6.4m

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

Logistic Management Freight Services Ltdultimate parent75–100%
Freightforce Distribution Ltdthis company

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

Sister companies (3)

Freightforce LtdFigures not disclosed
Logistic Management Services LtdFigures not disclosed
M.a. & H.V. Medler (Haulage) LimitedFigures not disclosed

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 accounts for the year to 31 Dec 2023 (profit £374k), from the Companies House accounts bulk data published Sep 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.