Mayflower Group Limited
Registered name: MAYFLOWER GROUP LIMITED
Part of Mayflower Group Holdings Limited groupMayflower Group Limited made £16.4m revenue and £1.6m profit in the year to 31 Jan 2023.
Mayflower Group Limited’s revenue grew 6% to £16.4m in the year to 31 Jan 2023, with £1.6m profit and 74 employees. The company is classified under “activities of head offices” and is based in Castle Road, Wellington; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Castle Road, Wellington, South West
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2022 | 31 Jan 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £15.4m | £16.4m |
| Cost of sales | £8.9m | £9.3m |
| Gross profit | £6.6m | £7.1m |
| Operating profit | £2.1m | £2.6m |
| Profit before tax | £2.1m | £2.5m |
| Profit after tax | £726k | £1.6m |
| Profit (best available) | £726k | £1.6m |
| Staff costs | £2.4m | £2.6m |
| Employees (average) | 69 | 74 |
| Ratios | ||
| Profit margin | 4.7% | 10.1% |
| Gross margin | 42.5% | 43.4% |
| Revenue per employee | £224k | £222k |
| Profit per employee | £10.5k | £22.3k |
| Cash conversion | 128.7% | 62.5% |
| Growth (year on year) | ||
| Revenue growth | — | ▲6.4% |
| Profit growth | — | ▲127.2% |
| Headcount growth | — | ▲7.2% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £206k | £15.4k |
| Net assets | £4.8k | £1m |
| Fixed assets | £5.3m | £5.3m |
| Current assets | £209k | £764k |
| Debtors | £2.8k | £749k |
| Cash from operations | £2.8m | £1.6m |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 |
How the business works
- Profit margin
- 10.1%
- Profit ÷ revenue.
- Gross margin
- 43.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £222k
- Revenue ÷ average employees.
- Profit per employee
- £22.3k
- Profit ÷ average employees.
- Cash conversion
- 62.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 32%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.6%
- 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
- ▲21568%
- Now £1m
- Cash at bank
- ▼93%
- Now £15.4k
- Headcount
- ▲7%
- Now 74
- Deferred income
- —
- Now —
- Fixed assets
- ▼2%
- Now £5.3m
Group structure
Ownership chain
- Mayflower Group Holdings Limitedultimate parent75–100%
- Mayflower Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Darklake View LimitedFigures not disclosed
- Mayflower Properties (SW) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jan 2023 (profit £1.6m), from the Companies House accounts bulk data published Oct 2023. 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.