How much does Lay & Wheeler Limited make?

Lay & Wheeler Limited reported revenue of £28.2m and a loss of £1.6m in the year to 1 Apr 2024, according to its accounts filed at Companies House.

How many employees does Lay & Wheeler Limited have?

Lay & Wheeler Limited reported an average of 55 employees in the year to 1 Apr 2024.

Is Lay & Wheeler Limited profitable?

No — Lay & Wheeler Limited reported a loss of £1.6m in the year to 1 Apr 2024.

Company No. 05730318 · Incorporated 6 Mar 2006

Lay & Wheeler Limited

Registered name: LAY & WHEELER LIMITED

Part of Coterie Holdings UK Limited group

Lay & Wheeler Limited made £28.2m revenue and a £1.6m loss in the year to 1 Apr 2024. read from filing text

Lay & Wheeler Limited’s revenue grew 2% to £28.2m in the year to 1 Apr 2024, with a loss of £1.6m and 55 employees. The company is classified under “wholesale of wine, beer, spirits and other alcoholic beverages” and is based in Ipswich; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46342Wholesale of wine, beer, spirits and other alcoholic beverages

Status: Active
Location: Ipswich, East of England
Age: 20 yrs · since 2006
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: “On 18 August 2023, a new UK group was established where the immediate parent undertaking changed from Coterie Limited to Coterie Holdings UK Limited.”

Latest accounts · year to 1 Apr 2024

Key figures

Capital-lightDoing more with less

Revenue

£28.2m

Growth ▲2.1%

Profit

−£1.6m

Growth —

Profit margin

−5.7%

Gross 15.6%

Employees

Change ▼1.8%

Profit / employee

−£28.9k

Revenue/employee £512k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Mar 2022	3 Apr 2023	1 Apr 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£23.4m	£27.6m	£28.2m
Cost of sales	£19m	£23.5m	£23.8m
Gross profit	£4.4m	£4.1m	£4.4m
Operating profit	−£463k	−£164k	−£1.5m
Profit before tax	−£462k	−£234k	−£1.6m
Profit after tax	−£417k	−£138k	−£1.6m
Profit (best available)	−£417k	−£138k	−£1.6m
Staff costs	£2.3m	£2.9m	£2.4m
Employees (average)	42	56	55
Ratios
Profit margin	−1.8%	−0.5%	−5.7%
Gross margin	18.8%	14.9%	15.6%
Revenue per employee	£558k	£492k	£512k
Profit per employee	−£9.9k	−£2.5k	−£28.9k
Growth (year on year)
Revenue growth	—	▲17.6%	▲2.1%
Headcount growth	—	▲33.3%	▼1.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£5m	£1.2m	£979k
Net assets	£1.4m	£1.2m	−£374k
Fixed assets	£192k	£213k	£105k
Current assets	£27.9m	£28.7m	£21.3m
Debtors	£1.9m	£1.6m	£2.1m
Deferred income	£3.2m	£2.4m	£2.6m
Cash from operations	−£1.6m	£5.9m	—
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: −5.7%; Profit ÷ revenue.
Gross margin: 15.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £512k; Revenue ÷ average employees.
Profit per employee: −£28.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.6%; 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: ▼131%; Now −£374k
Cash at bank: ▼17%; Now £979k
Headcount: ▼2%; Now 55
Deferred income: ▲9%; Now £2.6m
Fixed assets: ▼51%; Now £105k

Corporate ownership

Group structure

Ownership chain

Coterie Holdings UK Limitedultimate parent75–100%
Lay & Wheeler Limitedthis company

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

Subsidiaries (1)

Lay and Wheeler Trading LimitedFigures not disclosed

Sister companies (6)

Coterie Amphorae Company LimitedRev. £1.1m · Profit −£157k
Coterie Newco LimitedFigures not disclosed
Coterie Vaults Holdings LimitedRev. — · Profit £3.9m
Coterie Vaults LimitedRev. — · Profit −£3.3m
Global Wine Solutions LimitedFigures not disclosed
Hallgarten Wines,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 1 Apr 2024 (profit −£1.6m), from the Companies House accounts bulk data published Dec 2024. 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.