How much does XL Joinery Limited make?

XL Joinery Limited reported revenue of £24.1m and a loss of £1.9m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does XL Joinery Limited have?

XL Joinery Limited reported an average of 72 employees in the year to 31 Dec 2023.

Is XL Joinery Limited profitable?

No — XL Joinery Limited reported a loss of £1.9m in the year to 31 Dec 2023.

Company No. 03833043 · Incorporated 27 Aug 1999

XL Joinery Limited

Registered name: XL JOINERY LIMITED

XL Joinery Limited made £24.1m revenue and a £1.9m loss in the year to 31 Dec 2023.

XL Joinery Limited’s revenue fell 16% to £24.1m in the year to 31 Dec 2023, with a loss of £1.9m and 72 employees. The company is classified under “manufacture of other builders' carpentry and joinery” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 16230Manufacture of other builders' carpentry and joinery SIC 46730Wholesale of wood, construction materials and sanitary equipment

Status: In Administration
Location: London, London
Age: 27 yrs · since 1999
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentCapital-lightCash flow filed

Revenue

£24.1m

Growth ▼15.6%

Profit

−£1.9m

Growth —

Profit margin

−7.8%

Gross 18.5%

Employees

Change ▼8.9%

Profit / employee

−£26.1k

Revenue/employee £335k

Profitable streak

0yrs

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 2021	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£33.6m	£28.6m	£24.1m
Cost of sales	£28.1m	£25.7m	£19.7m
Gross profit	£5.5m	£2.9m	£4.5m
Operating profit	£430k	−£3.1m	−£1.6m
Profit before tax	£347k	−£2.8m	−£1.9m
Profit after tax	£283k	−£2.8m	−£1.9m
Profit (best available)	£283k	−£2.8m	−£1.9m
Staff costs	£2.5m	£2.4m	£2.4m
Employees (average)	81	79	72
Ratios
Profit margin	0.8%	−9.7%	−7.8%
Gross margin	16.4%	10.1%	18.5%
Revenue per employee	£415k	£362k	£335k
Profit per employee	£3.5k	−£35.2k	−£26.1k
Cash conversion	−728.7%	—	—
Growth (year on year)
Revenue growth	—	▼15%	▼15.6%
Profit growth	—	▼1081%	—
Headcount growth	—	▼2.5%	▼8.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£205k	£194k	£344k
Net assets	£11.5m	£8.7m	£6.9m
Fixed assets	£419k	£273k	£176k
Current assets	£21.9m	£20.2m	£10.4m
Debtors	£6.4m	£5.8m	£4m
Deferred income	£970k	£1m	£649k
Cash from operations	−£3.1m	£1.5m	£5.6m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: −7.8%; Profit ÷ revenue.
Gross margin: 18.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £335k; Revenue ÷ average employees.
Profit per employee: −£26.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.6%; 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: ▼22%; Now £6.9m
Cash at bank: ▲78%; Now £344k
Headcount: ▼9%; Now 72
Deferred income: ▼38%; Now £649k
Fixed assets: ▼35%; Now £176k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£1.9m), from the Companies House accounts bulk data published Dec 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.