How much does Igm Resins Limited make?

Igm Resins Limited reported revenue of £9.9m and £185k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Igm Resins Limited have?

Igm Resins Limited reported an average of 3 employees in the year to 31 Dec 2024.

Is Igm Resins Limited profitable?

Yes — Igm Resins Limited reported a profit of £185k in the year to 31 Dec 2024.

Company No. 04850242 · Incorporated 30 Jul 2003

Igm Resins Limited

Registered name: IGM RESINS LIMITED

Part of Igm Malta Limited group

Igm Resins Limited made £9.9m revenue and £184k profit in the year to 31 Dec 2024. read from filing text

Igm Resins Limited’s revenue grew 20% to £9.9m in the year to 31 Dec 2024, with £185k profit and 3 employees. The company is classified under “other business support service activities” and is based in Wynyard; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Wynyard, North East
Age: 23 yrs · since 2003
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 the smallest group of undertakings for which group accounts are drawn up of which IGM Resins Ltd is a member is Ignition Topco B.V., incorporated in the Netherlands. It's registe”

Latest accounts · year to 31 Dec 2024

Key figures

Small teamOperating leverage

Revenue

£9.9m

Growth ▲20.2%

Profit

£185k

Growth ▲524.9%

Profit margin

1.9%

Gross 25.2%

Employees

Change 0%

Profit / employee

£61.5k

Revenue/employee £3.3m

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
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)	£14m	£8.2m	£9.9m
Cost of sales	£10.2m	£7m	£7.4m
Gross profit	£3.8m	£1.2m	£2.5m
Operating profit	£3.1m	£44.2k	£237k
Profit before tax	£3m	£38.5k	£246k
Profit after tax	£2.5m	£29.5k	£185k
Profit (best available)	£2.5m	£29.5k	£185k
Staff costs	£258k	£274k	£190k
Employees (average)	3	3	3
Ratios
Profit margin	17.5%	0.4%	1.9%
Gross margin	27.2%	14.2%	25.2%
Revenue per employee	£4.7m	£2.7m	£3.3m
Profit per employee	£819k	£9.8k	£61.5k
Growth (year on year)
Revenue growth	—	▼41.4%	▲20.2%
Profit growth	—	▼98.8%	▲524.9%
Headcount growth	—	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£530k	£268k
Net assets	£7.3m	£7.3m	£7.5m
Fixed assets	£0	£0	—
Current assets	£11.2m	£10.5m	£10.8m
Debtors	£1.7m	£1.3m	£1.5m
Deferred income	£137k	£72.9k	£21.4k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 1.9%; Profit ÷ revenue.
Gross margin: 25.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £3.3m; Revenue ÷ average employees.
Profit per employee: £61.5k; 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: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.3%; 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: ▲3%; Now £7.5m
Cash at bank: ▼49%; Now £268k
Headcount: 0%; Now 3
Deferred income: ▼71%; Now £21.4k
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Igm Malta Limitedultimate parent75–100%
Igm Resins Limitedthis company

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

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £185k), from the Companies House accounts bulk data published Oct 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.