Applewood Independent Ltd
Registered name: APPLEWOOD INDEPENDENT LTD
Part of Afh Financial Group Limited groupApplewood Independent Ltd made £2.8m revenue and £1.5m profit in the year to 31 Oct 2025. read from filing text
Applewood Independent Ltd’s revenue was £2.8m in the year to 31 Oct 2025, with £1.5m profit and 14 employees. The company is classified under “life insurance” and is based in Bromsgrove; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Bromsgrove, West Midlands
- Age
- 28 yrs · since 1998
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 Company's immediate parent undertaking is AFH WM Holdings Limited, which is incorporated in the Cayman Islands.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Aug 2024 | 31 Oct 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £2m | £2.8m |
| Cost of sales | — | — | £16.3k | £254k |
| Gross profit | — | — | £2m | £2.6m |
| Operating profit | — | — | £1.1m | £1.5m |
| Profit before tax | — | — | £1.1m | £1.5m |
| Profit after tax | — | — | £821k | £1.5m |
| Profit (best available) | — | — | £821k | £1.5m |
| Staff costs | — | — | £487k | £797k |
| Employees (average) | 19 | 18 | 18 | 14 |
| Ratios | ||||
| Profit margin | — | — | 40.2% | 52.1% |
| Gross margin | — | — | 99.2% | 91% |
| Revenue per employee | — | — | £113k | £202k |
| Profit per employee | — | — | £45.6k | £105k |
| Growth (year on year) | ||||
| Headcount growth | — | ▼5.3% | — | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £537k | £563k | £540k | £1.5m |
| Net assets | £321k | £332k | £248k | £1.7m |
| Fixed assets | £15k | £78.6k | £0 | £2k |
| Current assets | £569k | £613k | £565k | £1.8m |
| Debtors | £28.4k | £41.7k | £16.8k | £27.9k |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 52.1%
- Profit ÷ revenue.
- Gross margin
- 91%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £202k
- Revenue ÷ average employees.
- Profit per employee
- £105k
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1%
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now £1.7m
- Cash at bank
- —
- Now £1.5m
- Headcount
- —
- Now 14
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £2k
Group structure
Ownership chain
- Afh Financial Group Limitedultimate parent75–100%
- Applewood Independent Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (7)
- Afh Independent Financial Services LimitedRev. £81.9m · Profit £27.9m
- ST Johns Asset Management LimitedRev. £5.5m · Profit £3.6m
- Mulberry Independent Financial Advisers LimitedRev. £72.6k · Profit £9.5k
- The Insurance Partnership Financial Services LimitedActive - Proposal to Strike offRev. £0 · Profit £3.4k
- A & J Wealth Management LimitedRev. — · Profit £1.8m
- Enable Independent LimitedRev. — · Profit £1.2m
- Lead Technologies (Europe) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £1.5m), from the Companies House accounts bulk data published Jul 2026. 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.