How much does Westexe Forklifts Limited make?

Westexe Forklifts Limited reported revenue of £12.9m and £809k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Westexe Forklifts Limited have?

Westexe Forklifts Limited reported an average of 69 employees in the year to 31 Mar 2025.

Is Westexe Forklifts Limited profitable?

Yes — Westexe Forklifts Limited reported a profit of £809k in the year to 31 Mar 2025.

Company No. 06146186 · Incorporated 8 Mar 2007

Westexe Forklifts Limited

Registered name: WESTEXE FORKLIFTS LIMITED

Part of Westexe Forklifts Holdings Limited group

Westexe Forklifts Limited made £12.9m revenue and £809k profit in the year to 31 Mar 2025.

Westexe Forklifts Limited’s revenue grew 20% to £12.9m in the year to 31 Mar 2025, with £809k profit and 69 employees. The company is classified under “renting and leasing of trucks and other heavy vehicles” and is based in Exeter; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 77120Renting and leasing of trucks and other heavy vehicles

Status: Active
Location: Exeter, South West
Age: 19 yrs · since 2007
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: “Westexe Forklifts Holdings Limited”

Latest accounts · year to 31 Mar 2025

Key figures

Operating leverage

Revenue

£12.9m

Growth ▲19.9%

Profit

£809k

Growth ▲164%

Profit margin

6.3%

Gross 22.9%

Employees

Change ▲6.2%

Profit / employee

£11.7k

Revenue/employee £187k

Profitable streak

3yrs

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	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.2m	£10.7m	£12.9m
Cost of sales	£9.3m	£8.2m	£9.9m
Gross profit	£2.9m	£2.5m	£2.9m
Operating profit	£1.2m	£498k	£1.1m
Profit before tax	£1.1m	£421k	£1m
Profit after tax	£885k	£306k	£809k
Profit (best available)	£885k	£306k	£809k
Staff costs	£2.3m	£2.9m	£2.9m
Employees (average)	58	65	69
Ratios
Profit margin	7.2%	2.9%	6.3%
Gross margin	23.6%	23.6%	22.9%
Revenue per employee	£211k	£165k	£187k
Profit per employee	£15.3k	£4.7k	£11.7k
Growth (year on year)
Revenue growth	—	▼12.2%	▲19.9%
Profit growth	—	▼65.4%	▲164%
Headcount growth	—	▲12.1%	▲6.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£772k	£599k	£2m
Net assets	£2.2m	£2.3m	£3m
Fixed assets	£2.2m	£2.3m	£1.5m
Current assets	£4.3m	£4m	£4.9m
Debtors	£1.6m	£1.5m	£1.2m
Deferred income	£934k	£672k	£419k
Source	Accounts · bulk data Dec 2024	Accounts · bulk data Dec 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 6.3%; Profit ÷ revenue.
Gross margin: 22.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £187k; Revenue ÷ average employees.
Profit per employee: £11.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 11.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9%; 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: ▲27%; Now £3m
Cash at bank: ▲238%; Now £2m
Headcount: ▲6%; Now 69
Deferred income: ▼38%; Now £419k
Fixed assets: ▼35%; Now £1.5m

Corporate ownership

Group structure

Ownership chain

Westexe Forklifts Holdings Limitedultimate parent75–100%
Westexe Forklifts Limitedthis 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).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £809k), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.

Updated from Companies House on 23 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.