How much does Middle Caves Ltd make?

Middle Caves Ltd reported revenue of £33.3m and £2.2m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Middle Caves Ltd have?

Middle Caves Ltd reported an average of 30 employees in the year to 31 Mar 2025.

Is Middle Caves Ltd profitable?

Yes — Middle Caves Ltd reported a profit of £2.2m in the year to 31 Mar 2025.

Company No. 04974633 · Incorporated 24 Nov 2003

Middle Caves Ltd

Registered name: MIDDLE CAVES LTD

Part of MCL Group Holdings Limited group

Middle Caves Ltd made £33.3m revenue and £2.2m profit in the year to 31 Mar 2025. read from filing text

Middle Caves Ltd’s revenue fell 5% to £33.3m in the year to 31 Mar 2025, with £2.2m profit and 30 employees. The company is classified under “raising of swine/pigs” and is based in Richmond; we hold 4 years of its filed accounts.

Full P&L filedSection A · Agriculture, forestry and fishingSIC 01460Raising of swine/pigs

Status: Active
Location: Richmond, North East
Age: 22 yrs · since 2003
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 company's immediate and ultimate parent is MCL Group Holdings Limited, incorporated in England & Wales.”

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£33.3m

Growth ▼4.7%

Profit

£2.2m

Growth ▼59.3%

Profit margin

6.6%

Gross 18.9%

Employees

Change ▲7.1%

Profit / employee

£73.1k

Revenue/employee £1.1m

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£20.2m	£29m	£34.9m	£33.3m
Cost of sales	£18m	£24.7m	£26.5m	£27m
Gross profit	£2.2m	£4.3m	£8.3m	£6.3m
Operating profit	£332k	£1.9m	£5.7m	£2.4m
Profit before tax	£342k	£1.9m	£5.7m	£2.4m
Profit after tax	£338k	£1.9m	£5.4m	£2.2m
Profit (best available)	£338k	£1.9m	£5.4m	£2.2m
Staff costs	£755k	£895k	£1.3m	£1.4m
Employees (average)	20	22	28	30
Ratios
Profit margin	1.7%	6.4%	15.5%	6.6%
Gross margin	10.9%	14.7%	23.9%	18.9%
Revenue per employee	£1m	£1.3m	£1.2m	£1.1m
Profit per employee	£16.9k	£84.2k	£193k	£73.1k
Cash conversion	47.8%	−304.3%	−110.4%	—
Growth (year on year)
Revenue growth	—	▲43.6%	▲20.3%	▼4.7%
Profit growth	—	▲447.6%	▲190.9%	▼59.3%
Headcount growth	—	▲10%	▲27.3%	▲7.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£969	£2.2m	£5.5m	£1.2m
Net assets	£16.5m	£12.2m	£17.2m	£19.4m
Fixed assets	£12.9m	£9.3m	£11.5m	£17.8m
Current assets	£7.6m	£8.8m	£11.8m	£9.7m
Debtors	£2m	£1.4m	£1.5m	£1.9m
Deferred income	£1.5k	£1.3k	£1.1k	£921
Cash from operations	£159k	−£5.7m	−£6.3m	—
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 6.6%; Profit ÷ revenue.
Gross margin: 18.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.1m; Revenue ÷ average employees.
Profit per employee: £73.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 53.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.8%; 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: ▲13%; Now £19.4m
Cash at bank: ▼78%; Now £1.2m
Headcount: ▲7%; Now 30
Deferred income: ▼15%; Now £921
Fixed assets: ▲54%; Now £17.8m

Corporate ownership

Group structure

Ownership chain

MCL Group Holdings Limitedultimate parent75–100%
Middle Caves Ltdthis 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £2.2m), from the Companies House accounts bulk data published Dec 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.