Willes Farming Limited
Registered name: WILLES FARMING LIMITED
Willes Farming Limited made £21.9m revenue and £4.9m profit in the year to 30 Nov 2025.
Willes Farming Limited’s revenue grew 111% to £21.9m in the year to 30 Nov 2025, with £4.9m profit and 52 employees. The company is classified under “growing of cereals (except rice), leguminous crops and oil seeds” and is based in Taunton; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Taunton, South West
- Age
- 24 yrs · since 2001
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £20.5m | £10.6m | £10.3m | £21.9m |
| Cost of sales | £9.6m | £6.1m | £6.7m | £12.6m |
| Gross profit | £10.9m | £4.6m | £3.7m | £9.3m |
| Operating profit | £5.5m | £664k | £5.5m | £6.3m |
| Profit before tax | £5.9m | £818k | £6.4m | £6.6m |
| Profit after tax | £4.9m | £540k | £5.9m | £4.9m |
| Profit (best available) | £4.9m | £540k | £5.9m | £4.9m |
| Staff costs | £2.5m | £2.8m | £3.2m | £3.2m |
| Employees (average) | 49 | 54 | 54 | 52 |
| Ratios | ||||
| Profit margin | 23.8% | 5.1% | 56.5% | 22.4% |
| Gross margin | 53.2% | 43.1% | 35.7% | 42.4% |
| Revenue per employee | £418k | £197k | £192k | £420k |
| Profit per employee | £99.7k | £10k | £108k | £94.1k |
| Cash conversion | −45.2% | −688.4% | −4% | −48.5% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼48% | ▼2.8% | ▲111.2% |
| Profit growth | — | ▼89% | ▲984.5% | ▼16.4% |
| Headcount growth | — | ▲10.2% | 0% | ▼3.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £338k | £4.3m | £12.7m | £19.2k |
| Net assets | £22.4m | £22.9m | £28.8m | £33.6m |
| Fixed assets | £20.9m | £21.9m | £10.6m | £51.8m |
| Current assets | £9.3m | £11.2m | £22.1m | £15m |
| Debtors | £6.2m | £3.8m | £7.7m | £11.2m |
| Cash from operations | −£2.5m | −£4.6m | −£221k | −£3m |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 22.4%
- Profit ÷ revenue.
- Gross margin
- 42.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £420k
- Revenue ÷ average employees.
- Profit per employee
- £94.1k
- Profit ÷ average employees.
- Cash conversion
- −48.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 237.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 51.2%
- 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
- ▲17%
- Now £33.6m
- Cash at bank
- ▼100%
- Now £19.2k
- Headcount
- ▼4%
- Now 52
- Deferred income
- —
- Now —
- Fixed assets
- ▲389%
- Now £51.8m
Similar profitable businesses
- Frederick Hiam,limitedBrandon · Growing of cereals (except rice), leguminous crops and oil seeds
- Revenue
- £22.5m
- Profit
- £1m
- Staff
- 88
- W.p.bruce LimitedPerthshire · Growing of cereals (except rice), leguminous crops and oil seeds
- Revenue
- £23.3m
- Profit
- £5.6m
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- Marblelane LimitedEly · Growing of cereals (except rice), leguminous crops and oil seeds
- Revenue
- £19.8m
- Profit
- £555k
- Staff
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- North Down Grain LimitedNewtownards · Growing of cereals (except rice), leguminous crops and oil seeds
- Revenue
- £19.7m
- Profit
- £425k
- Staff
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- Cannington Enterprises LimitedBridgwater · Growing of cereals (except rice), leguminous crops and oil seeds
- Revenue
- £19.4m
- Profit
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- Strawson LimitedNewark · Growing of cereals (except rice), leguminous crops and oil seeds
- Revenue
- £24.9m
- Profit
- £805k
- Staff
- 173
Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £4.9m), from the Companies House accounts bulk data published Aug 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.