How much does Ibco Limited make?

Ibco Limited reported revenue of £31.8m and a loss of £232k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ibco Limited have?

Ibco Limited reported an average of 98 employees in the year to 31 Dec 2024.

Is Ibco Limited profitable?

No — Ibco Limited reported a loss of £232k in the year to 31 Dec 2024.

Company No. 05180507 · Incorporated 15 Jul 2004

Ibco Limited

Registered name: IBCO LIMITED

Ibco Limited made £31.8m revenue and a £232k loss in the year to 31 Dec 2024. read from filing text

Ibco Limited’s revenue grew 1% to £31.8m in the year to 31 Dec 2024, with a loss of £232k and 98 employees. The company is classified under “wholesale of fruit and vegetables” and is based in Manchester; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46310Wholesale of fruit and vegetables SIC 46380Wholesale of other food, including fish, crustaceans and molluscs SIC 46390Non-specialised wholesale of food, beverages and tobacco

Status: Active
Location: Manchester, North West
Age: 22 yrs · since 2004
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightCash flow filed

Revenue

£31.8m

Growth ▲0.9%

Profit

−£232k

Growth —

Profit margin

−0.7%

Gross 12.6%

Employees

Change ▲3.2%

Profit / employee

−£2.4k

Revenue/employee £324k

Profitable streak

0yrs

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 Dec 2021	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	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£32.6m	£31.2m	£31.5m	£31.8m
Cost of sales	£27.5m	£27.2m	£28.9m	£27.8m
Gross profit	£5.1m	£4m	£2.6m	£4m
Operating profit	£696k	£213k	−£1.1m	−£111k
Profit before tax	£486k	−£10.2k	−£1.4m	−£337k
Profit after tax	£386k	£1.7k	−£1.4m	−£232k
Profit (best available)	£386k	£1.7k	−£1.4m	−£232k
Staff costs	£2.6m	£2.7m	£2.6m	£2.9m
Employees (average)	104	98	95	98
Ratios
Profit margin	1.2%	0%	−4.5%	−0.7%
Gross margin	15.5%	12.8%	8.2%	12.6%
Revenue per employee	£313k	£318k	£331k	£324k
Profit per employee	£3.7k	£17	−£14.7k	−£2.4k
Cash conversion	52.4%	−453.3%	—	—
Growth (year on year)
Revenue growth	—	▼4.3%	▲1%	▲0.9%
Profit growth	—	▼99.6%	▼82651%	—
Headcount growth	—	▼5.8%	▼3.1%	▲3.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£967k	£351k	£258k	£200k
Net assets	£3m	£3m	£1.6m	£1.4m
Fixed assets	£344k	£420k	£426k	£391k
Current assets	£17m	£15.8m	£13.2m	£12.4m
Debtors	£2.8m	£2.6m	£3.2m	£3.3m
Deferred income	£631k	£592k	£224k	£340k
Cash from operations	£365k	−£966k	−£1.8m	−£1.5m
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: −0.7%; Profit ÷ revenue.
Gross margin: 12.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £324k; Revenue ÷ average employees.
Profit per employee: −£2.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.4%; 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: ▼14%; Now £1.4m
Cash at bank: ▼23%; Now £200k
Headcount: ▲3%; Now 98
Deferred income: ▲51%; Now £340k
Fixed assets: ▼8%; Now £391k

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£232k), from the Companies House accounts bulk data published Mar 2026. 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.