How much does Mike Etheridge Construction Limited make?

Mike Etheridge Construction Limited reported revenue of £13.5m and £418k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Mike Etheridge Construction Limited have?

Mike Etheridge Construction Limited reported an average of 90 employees in the year to 31 Dec 2025.

Is Mike Etheridge Construction Limited profitable?

Yes — Mike Etheridge Construction Limited reported a profit of £418k in the year to 31 Dec 2025.

Company No. 03734577 · Incorporated 17 Mar 1999

Mike Etheridge Construction Limited

Registered name: MIKE ETHERIDGE CONSTRUCTION LIMITED

Mike Etheridge Construction Limited made £13.5m revenue and £418k profit in the year to 31 Dec 2025.

Mike Etheridge Construction Limited’s revenue fell 3% to £13.5m in the year to 31 Dec 2025, with £418k profit and 90 employees. The company is classified under “construction of domestic buildings” and is based in Coleford; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41202Construction of domestic buildings

Status: Active
Location: Coleford, South West
Age: 27 yrs · since 1999
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCash flow filed

Revenue

£13.5m

Growth ▼2.9%

Profit

£418k

Growth ▲38.5%

Profit margin

3.1%

Gross 12%

Employees

Change ▼10%

Profit / employee

£4.6k

Revenue/employee £150k

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 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.9m	£16.8m	£13.9m	£13.5m
Cost of sales	£14.3m	£14.6m	£12.4m	£11.9m
Gross profit	£1.6m	£2.2m	£1.5m	£1.6m
Operating profit	£341k	£813k	£199k	£530k
Profit before tax	£400k	£948k	£215k	£538k
Profit after tax	£485k	£873k	£302k	£418k
Profit (best available)	£485k	£873k	£302k	£418k
Staff costs	£2.6m	£2.8m	£2.9m	£3m
Employees (average)	98	101	100	90
Ratios
Profit margin	3%	5.2%	2.2%	3.1%
Gross margin	10%	13.3%	10.8%	12%
Revenue per employee	£162k	£167k	£139k	£150k
Profit per employee	£5k	£8.6k	£3k	£4.6k
Cash conversion	317.4%	273.8%	12.1%	15.2%
Growth (year on year)
Revenue growth	—	▲5.8%	▼17.4%	▼2.9%
Profit growth	—	▲79.9%	▼65.4%	▲38.5%
Headcount growth	—	▲3.1%	▼1%	▼10%
Balance sheet — indirect signals, not revenue
Cash at bank	£822k	£1.3m	£596k	£130k
Net assets	£10.8m	£10.5m	£10.8m	£11.2m
Fixed assets	£4m	£4.1m	£4.3m	£6.1m
Current assets	£8.1m	£7.9m	£8.1m	£7.1m
Debtors	£1.6m	£2.2m	£2.1m	£2.5m
Cash from operations	£1.1m	£2.2m	£24.1k	£80.7k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.1%; Profit ÷ revenue.
Gross margin: 12%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £150k; Revenue ÷ average employees.
Profit per employee: £4.6k; Profit ÷ average employees.
Cash conversion: 15.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 44.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.5%; 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 £11.2m
Cash at bank: ▼78%; Now £130k
Headcount: ▼10%; Now 90
Deferred income: —; Now —
Fixed assets: ▲40%; Now £6.1m

Corporate ownership

Group structure

Subsidiaries (2)

Forest Hills (Holdings) Ltd.Figures not disclosed
Highmeadow Developments LimitedFigures 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 2025 (profit £418k), from the Companies House accounts bulk data published Sep 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.