How much does Shred Station Limited make?

Shred Station Limited reported revenue of £25.2m and £384k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Shred Station Limited have?

Shred Station Limited reported an average of 182 employees in the year to 31 Dec 2024.

Is Shred Station Limited profitable?

Yes — Shred Station Limited reported a profit of £384k in the year to 31 Dec 2024.

Company No. 06359628 · Incorporated 3 Sep 2007

Shred Station Limited

Registered name: SHRED STATION LIMITED

Shred Station Limited made £25.2m revenue and £384k profit in the year to 31 Dec 2024. read from filing text

Shred Station Limited’s revenue grew 12% to £25.2m in the year to 31 Dec 2024, with £384k profit and 182 employees. The company is classified under “other business support service activities” and is based in Norwich; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Norwich, East of England
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: “The ultimate controlling party is S Franklin by way of a majority shareholding.”

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£25.2m

Growth ▲12.2%

Profit

£384k

Growth —

Profit margin

1.5%

Gross 29.5%

Employees

182

Change ▲4.6%

Profit / employee

£2.1k

Revenue/employee £139k

Profitable streak

1yr

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 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
Profit & loss
Revenue (turnover)	£21.7m	£22.5m	£25.2m
Cost of sales	£14.7m	£16.2m	£17.8m
Gross profit	£7m	£6.3m	£7.5m
Operating profit	£1.2m	£212k	£1m
Profit before tax	£1.1m	−£218k	£550k
Profit after tax	£1.1m	−£183k	£384k
Profit (best available)	£1.1m	−£183k	£384k
Staff costs	£6m	£7m	£7.5m
Employees (average)	155	174	182
Ratios
Profit margin	4.9%	−0.8%	1.5%
Gross margin	32.1%	28%	29.5%
Revenue per employee	£140k	£129k	£139k
Profit per employee	£6.8k	−£1.1k	£2.1k
Cash conversion	—	−958.9%	—
Growth (year on year)
Revenue growth	—	▲3.6%	▲12.2%
Profit growth	—	▼117.3%	—
Headcount growth	—	▲12.3%	▲4.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£261k	£48.9k	£22.1k
Net assets	£4m	£3.7m	£4.1m
Fixed assets	£12m	£12m	£12.9m
Current assets	£3.6m	£3.9m	£4.7m
Debtors	£2.6m	£3.2m	£3.8m
Deferred income	£326k	£490k	£512k
Cash from operations	—	−£2m	—
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data May 2025

Derived from the latest filing

How the business works

Profit margin: 1.5%; Profit ÷ revenue.
Gross margin: 29.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £139k; Revenue ÷ average employees.
Profit per employee: £2.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 51%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15%; 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: ▲10%; Now £4.1m
Cash at bank: ▼55%; Now £22.1k
Headcount: ▲5%; Now 182
Deferred income: ▲5%; Now £512k
Fixed assets: ▲7%; Now £12.9m

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 £384k), from the Companies House accounts bulk data published May 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.