How much does China Industries Limited make?

China Industries Limited reported revenue of £20.6m and £729k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does China Industries Limited have?

China Industries Limited reported an average of 34 employees in the year to 31 Dec 2025.

Is China Industries Limited profitable?

Yes — China Industries Limited reported a profit of £729k in the year to 31 Dec 2025.

Company No. 04989385 · Incorporated 9 Dec 2003

China Industries Limited

Registered name: CHINA INDUSTRIES LIMITED

Part of Troy Toys Limited group

China Industries Limited made £20.6m revenue and £729k profit in the year to 31 Dec 2025.

China Industries Limited’s revenue fell 4% to £20.6m in the year to 31 Dec 2025, with £729k profit and 34 employees. The company is classified under “wholesale of household goods (other than musical instruments)” and is based in Wolverhampton; we hold 5 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46499Wholesale of household goods (other than musical instruments) n.e.c.

Status: Active
Location: Wolverhampton, West Midlands
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.

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£20.6m

Growth ▼3.5%

Profit

£729k

Growth ▼55.4%

Profit margin

3.5%

Gross 34.8%

Employees

Change ▲9.7%

Profit / employee

£21.4k

Revenue/employee £606k

Profitable streak

5yrs

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jan 2023	31 Jan 2024	31 Jan 2025	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13.8m	£15.8m	£14.4m	£21.4m	£20.6m
Cost of sales	£9.1m	£11.3m	£9.6m	£13.8m	£13.4m
Gross profit	£4.7m	£4.5m	£4.8m	£7.6m	£7.2m
Operating profit	£103k	£199k	£196k	£2.3m	£940k
Profit before tax	£40.1k	£100k	£114k	£2.2m	£897k
Profit after tax	£131k	£269k	£969k	£1.6m	£729k
Profit (best available)	£131k	£269k	£969k	£1.6m	£729k
Staff costs	£2.6m	£2.6m	£2.4m	£2.7m	£2.6m
Employees (average)	32	30	29	31	34
Ratios
Profit margin	0.9%	1.7%	6.7%	7.7%	3.5%
Gross margin	34.3%	28.6%	33.7%	35.6%	34.8%
Revenue per employee	£430k	£527k	£497k	£689k	£606k
Profit per employee	£4.1k	£9k	£33.4k	£52.8k	£21.4k
Cash conversion	620.3%	22.5%	2%	181.1%	—
Growth (year on year)
Revenue growth	—	▲14.9%	▼9%	▲48.2%	▼3.5%
Profit growth	—	▲105.4%	▲260.3%	▲68.9%	▼55.4%
Headcount growth	—	▼6.3%	▼3.3%	▲6.9%	▲9.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.1m	£1.5m	£865k	£3.3m	£2.1m
Net assets	£985k	£1.3m	£2.2m	£3.9m	£4.6m
Fixed assets	£543k	£553k	£451k	£423k	£541k
Current assets	£7.6m	£5.3m	£5.4m	£9.5m	£9.4m
Debtors	£3.6m	£2m	£1.8m	£4.9m	£4m
Deferred income	£1.8m	£1.1m	£1.1m	£1.4m	£3.2m
Cash from operations	£639k	£44.9k	£3.9k	£4.2m	—
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.5%; Profit ÷ revenue.
Gross margin: 34.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £606k; Revenue ÷ average employees.
Profit per employee: £21.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 15.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.5%; 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: ▲19%; Now £4.6m
Cash at bank: ▼35%; Now £2.1m
Headcount: ▲10%; Now 34
Deferred income: ▲130%; Now £3.2m
Fixed assets: ▲28%; Now £541k

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

Troy Toys Limitedultimate parent75–100%
China Industries Limitedthis company

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

Subsidiaries (4)

Nexttoptoy LimitedFigures not disclosed
The Printable Mask Co LtdFigures not disclosed
Txt4vid LimitedFigures not disclosed
Wow! Stuff LimitedFigures not disclosed

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 Dec 2025 (profit £729k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 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.