Cory Brothers Limited
Registered name: CORY BROTHERS LIMITED
Part of Vertom B.V. groupCory Brothers Limited made £46.8m revenue and £381k profit in the year to 31 Dec 2025.
Cory Brothers Limited’s revenue grew 7% to £46.8m in the year to 31 Dec 2025, with £381k profit and 183 employees. The company is classified under “other transportation support activities” and is based in Ipswich; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Ipswich
- Age
- 23 yrs · since 2003
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £37.4m | £43.8m | £46.8m |
| Cost of sales | −£25.7m | −£31.4m | −£33.6m |
| Gross profit | £11.7m | £12.4m | £13.2m |
| Operating profit | £151k | £971k | £756k |
| Profit before tax | £446k | £1.4m | £550k |
| Profit after tax | £431k | £1.3m | £381k |
| Profit (best available) | £431k | £1.3m | £381k |
| Employees (average) | 179 | 171 | 183 |
| Ratios | |||
| Profit margin | 1.1% | 2.9% | 0.8% |
| Gross margin | 31.3% | 28.2% | 28.2% |
| Revenue per employee | £209k | £256k | £256k |
| Profit per employee | £2.4k | £7.4k | £2.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲17.1% | ▲6.7% |
| Profit growth | — | ▲192.6% | ▼69.8% |
| Headcount growth | — | ▼4.5% | ▲7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 0.8%
- Profit ÷ revenue.
- Gross margin
- 28.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £256k
- Revenue ÷ average employees.
- Profit per employee
- £2.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲7%
- Now 183
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Vertom B.V. (registered outside the UK register)ultimate parent75–100%
- Vertomcory Holding Ltd75–100%
- Cory Brothers Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- D & B Shipping LimitedFigures not disclosed
- Red Dragon Line LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £381k), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 21 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.