How much does Freight Systems Express (Wales) Limited make?

Freight Systems Express (Wales) Limited reported revenue of £23.8m and £205k profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Freight Systems Express (Wales) Limited have?

Freight Systems Express (Wales) Limited reported an average of 90 employees in the year to 31 May 2025.

Is Freight Systems Express (Wales) Limited profitable?

Yes — Freight Systems Express (Wales) Limited reported a profit of £205k in the year to 31 May 2025.

Company No. 04441445 · Incorporated 17 May 2002

Freight Systems Express (Wales) Limited

Registered name: FREIGHT SYSTEMS EXPRESS (WALES) LIMITED

Part of Freight Systems Express (Wales) Holdings Limited group

Freight Systems Express (Wales) Limited made £23.8m revenue and £205k profit in the year to 31 May 2025. read from filing text

Freight Systems Express (Wales) Limited’s revenue grew 25% to £23.8m in the year to 31 May 2025, with £205k profit and 90 employees. The company is classified under “freight transport by road” and is based in Cardiff; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49410Freight transport by road SIC 52219Other service activities incidental to land transportation, n.e.c.

Status: Active
Location: Cardiff, Wales
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 ultimate parent company is Freight Systems Express (Wales) Holdings Limited, a company registered in England and Wales.”

Latest accounts · year to 31 May 2025

Key figures

Boring industry

Revenue

£23.8m

Growth ▲25.3%

Profit

£205k

Growth ▼71.2%

Profit margin

0.9%

Gross 8.1%

Employees

Change ▲4.7%

Profit / employee

£2.3k

Revenue/employee £265k

Profitable streak

2yrs

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	31 May 2024	31 May 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£19m	£23.8m
Cost of sales	£16.8m	£21.9m
Gross profit	£2.2m	£1.9m
Operating profit	£1m	£483k
Profit before tax	£884k	£303k
Profit after tax	£712k	£205k
Profit (best available)	£712k	£205k
Staff costs	£3.2m	£3.3m
Employees (average)	86	90
Ratios
Profit margin	3.7%	0.9%
Gross margin	11.6%	8.1%
Revenue per employee	£221k	£265k
Profit per employee	£8.3k	£2.3k
Growth (year on year)
Revenue growth	—	▲25.3%
Profit growth	—	▼71.2%
Headcount growth	—	▲4.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£529k
Net assets	£2.7m	£2.5m
Fixed assets	£3.7m	£4m
Debtors	£2.4m	£2.9m
Deferred income	£58.3k	£62.8k
Source	FullAccounts · bulk data Feb 2026	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 8.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £265k; Revenue ÷ average employees.
Profit per employee: £2.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 17%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.3%; 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: ▼6%; Now £2.5m
Cash at bank: ▼50%; Now £529k
Headcount: ▲5%; Now 90
Deferred income: ▲8%; Now £62.8k
Fixed assets: ▲9%; Now £4m

Corporate ownership

Group structure

Ownership chain

Freight Systems Express (Wales) Holdings Limitedultimate parent75–100%
Freight Systems Express (Wales) Limitedthis company

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

Sister companies (1)

Freight Systems Express Worldwide 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 May 2025 (profit £205k), from the Companies House accounts bulk data published Feb 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.