Conway Bailey Transport Limited
Registered name: CONWAY BAILEY TRANSPORT LIMITED
Part of MGB (Cornwall) Limited groupConway Bailey Transport Limited made £36.6m revenue and £1.6m profit in the year to 31 Jan 2024.
Conway Bailey Transport Limited’s revenue grew 1% to £36.6m in the year to 31 Jan 2024, with £1.6m profit and 273 employees. The company is classified under “freight transport by road” and is based in Redruth; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Redruth, South West
- Age
- 26 yrs · since 2000
- 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: “MGB (Cornwall) Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2023 | 31 Jan 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £36.4m | £36.6m |
| Cost of sales | £31m | £30.5m |
| Gross profit | £5.4m | £6.2m |
| Operating profit | £2.4m | £2.5m |
| Profit before tax | £2.3m | £2.2m |
| Profit after tax | £1.8m | £1.6m |
| Profit (best available) | £1.8m | £1.6m |
| Staff costs | £10.5m | £11.2m |
| Employees (average) | 257 | 273 |
| Ratios | ||
| Profit margin | 5% | 4.5% |
| Gross margin | 14.9% | 16.9% |
| Revenue per employee | £142k | £134k |
| Profit per employee | £7.1k | £6k |
| Growth (year on year) | ||
| Revenue growth | — | ▲0.7% |
| Profit growth | — | ▼10.9% |
| Headcount growth | — | ▲6.2% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £3.1m | £2.9m |
| Net assets | £11m | £9.6m |
| Fixed assets | £12.9m | £12.6m |
| Current assets | £12.4m | £12.8m |
| Debtors | £5.6m | £6.4m |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 4.5%
- Profit ÷ revenue.
- Gross margin
- 16.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £134k
- Revenue ÷ average employees.
- Profit per employee
- £6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 34.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.4%
- 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
- ▼12%
- Now £9.6m
- Cash at bank
- ▼6%
- Now £2.9m
- Headcount
- ▲6%
- Now 273
- Deferred income
- —
- Now —
- Fixed assets
- ▼2%
- Now £12.6m
Group structure
Ownership chain
- MGB (Cornwall) Limitedultimate parent75–100%
- Conway Bailey Transport Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- R.R. Transport LimitedRev. £21.5m · Profit £1.1m
- Bailey Holdings LimitedFigures not disclosed
- MGB (Cornwall) Investment 1 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Jan 2024 (profit £1.6m), from the Companies House accounts bulk data published Oct 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.