How much does Ideal Foods Limited make?

Ideal Foods Limited reported revenue of £18.2m and a loss of £75.3k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ideal Foods Limited have?

Ideal Foods Limited reported an average of 45 employees in the year to 31 Dec 2024.

Is Ideal Foods Limited profitable?

No — Ideal Foods Limited reported a loss of £75.3k in the year to 31 Dec 2024.

Company No. 04173954 · Incorporated 7 Mar 2001

Ideal Foods Limited

Registered name: IDEAL FOODS LIMITED

Part of Pelagia (UK) Limited group

Ideal Foods Limited made £18.2m revenue and a £75.3k loss in the year to 31 Dec 2024.

Ideal Foods Limited’s revenue was £18.2m in the year to 31 Dec 2024, with a loss of £75.3k and 45 employees. The company is classified under “wholesale of other food, including fish, crustaceans and molluscs” and is based in Liskeard; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46380Wholesale of other food, including fish, crustaceans and molluscs

Status: Active
Location: Liskeard, South West
Age: 25 yrs · since 2001
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: “Pelagia (UK) Limited”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightCash flow filed

Revenue

£18.2m

Growth —

Profit

−£75.3k

Growth —

Profit margin

−0.4%

Gross 10.2%

Employees

Change —

Profit / employee

−£1.7k

Revenue/employee £405k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	29 Feb 2024	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£23.9m	£18.2m
Cost of sales	£19.8m	£16.4m
Gross profit	£4.1m	£1.9m
Operating profit	£2.2m	−£67.8k
Profit before tax	£2.2m	−£58.5k
Profit after tax	£1.7m	−£75.3k
Profit (best available)	£1.7m	−£75.3k
Staff costs	£1.5m	£1.8m
Employees (average)	44	45
Ratios
Profit margin	7%	−0.4%
Gross margin	17.2%	10.2%
Revenue per employee	£542k	£405k
Profit per employee	£38.2k	−£1.7k
Cash conversion	125.5%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£1.4m
Net assets	£7.8m	£7.7m
Fixed assets	£177k	£177k
Current assets	£9.8m	£9.4m
Debtors	£1.6m	£1.1m
Cash from operations	£2.7m	−£1.1m
Source	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: −0.4%; Profit ÷ revenue.
Gross margin: 10.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £405k; Revenue ÷ average employees.
Profit per employee: −£1.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.1%; 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: —; Now £7.7m
Cash at bank: —; Now £1.4m
Headcount: —; Now 45
Deferred income: —; Now —
Fixed assets: —; Now £177k

Corporate ownership

Group structure

Ownership chain

Pelagia (UK) Limitedultimate parent75–100%
Ideal Foods Limitedthis company

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

Subsidiaries (4)

Channel to China LimitedFigures not disclosed
Ideal Nutritional Foods LimitedFigures not disclosed
Ideal Pet Foods LimitedFigures not disclosed
The Ideal British Babyfood Company LimitedFigures not disclosed

Sister companies (5)

GFP (Grimsby Fish Products) LtdActive - Proposal to Strike offFigures not disclosed
Grimsby Fish Meal CompanyActive - Proposal to Strike offFigures not disclosed
Pelagia (Greenock) LimitedFigures not disclosed
SFP (Shetland Fish Products) LimitedActive - Proposal to Strike offFigures not disclosed
United Fish Products LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£75.3k), from the Companies House accounts bulk data published Mar 2025. 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.