D R Baling Wire Manufacturers Limited
Registered name: D R BALING WIRE MANUFACTURERS LIMITED
Part of Accent Wire Limited groupD R Baling Wire Manufacturers Limited made £16.3m revenue and £599k profit in the year to 31 Dec 2024. read from filing text
D R Baling Wire Manufacturers Limited’s revenue fell 3% to £16.3m in the year to 31 Dec 2024, with £599k profit and 30 employees. The company is classified under “cold drawing of wire” and is based in South Yorkshire; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- South Yorkshire, Yorkshire and The Humber
- Age
- 24 yrs · since 2002
- 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: “The parent company of D R Baling Wire Manufacturers Ltd is DR Baling Wire Holdings Ltd.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £22.9m | £16.8m | £16.3m |
| Cost of sales | £15.1m | £10.3m | £10.9m |
| Gross profit | £7.9m | £6.5m | £5.4m |
| Operating profit | £389k | £4m | £590k |
| Profit before tax | £465k | £4.4m | £874k |
| Profit after tax | £45.4k | £3.6m | £599k |
| Profit (best available) | £45.4k | £3.6m | £599k |
| Staff costs | £1.4m | £1.5m | £1.6m |
| Employees (average) | 23 | 23 | 30 |
| Ratios | |||
| Profit margin | 0.2% | 21.2% | 3.7% |
| Gross margin | 34.3% | 38.6% | 33.1% |
| Revenue per employee | £997k | £732k | £543k |
| Profit per employee | £2k | £155k | £20k |
| Cash conversion | −260.6% | −145.4% | −250.8% |
| Growth (year on year) | |||
| Revenue growth | — | ▼26.6% | ▼3.3% |
| Profit growth | — | ▲7753% | ▼83.2% |
| Headcount growth | — | 0% | ▲30.4% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £4.3m | £6.3m | £6.1m |
| Net assets | £11.3m | £12.8m | £13.3m |
| Fixed assets | £1.5m | £2.6m | £2.2m |
| Current assets | £11.1m | £11.6m | £13.7m |
| Debtors | £3.2m | £2.7m | £2.3m |
| Deferred income | £65.3k | £153k | £82.4k |
| Cash from operations | −£1m | −£5.9m | −£1.5m |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data Aug 2025 |
How the business works
- Profit margin
- 3.7%
- Profit ÷ revenue.
- Gross margin
- 33.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £543k
- Revenue ÷ average employees.
- Profit per employee
- £20k
- Profit ÷ average employees.
- Cash conversion
- −250.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 13.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14.3%
- 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
- ▲4%
- Now £13.3m
- Cash at bank
- ▼3%
- Now £6.1m
- Headcount
- ▲30%
- Now 30
- Deferred income
- ▼46%
- Now £82.4k
- Fixed assets
- ▼13%
- Now £2.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Accent Wire Limitedultimate parent75–100%
- DR Baling Wire Holdings Ltd75–100%
- D R Baling Wire Manufacturers Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Oxspring Investments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £599k), from the Companies House accounts bulk data published Aug 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.