How much does BL Merthyr Limited make?

BL Merthyr Limited reported revenue of £9.1m and £16.2m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does BL Merthyr Limited have?

BL Merthyr Limited reported an average of 0 employees in the year to 31 Mar 2025.

Is BL Merthyr Limited profitable?

Yes — BL Merthyr Limited reported a profit of £16.2m in the year to 31 Mar 2025.

Company No. 06663608 · Incorporated 4 Aug 2008

BL Merthyr Limited

Registered name: BL MERTHYR LIMITED

Part of British Land Company Public Limited Company(The) group

BL Merthyr Limited made £9.1m revenue and £16.2m profit in the year to 31 Mar 2025.

BL Merthyr Limited’s revenue was £9.1m in the year to 31 Mar 2025, with £16.2m profit and 0 employees. The company is classified under “development of building projects” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects

Status: Active
Location: London, London
Age: 18 yrs · since 2008
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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: “BL Retail Warehousing Holding Company Limited.”

Latest accounts · year to 31 Mar 2025

Key figures

Small team

Revenue

£9.1m

Growth —

Profit

£16.2m

Growth —

Profit margin

177.6%

Employees

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Mar 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.1m	£9.1m
Profit before tax	£9.7m	£10.3m
Profit after tax	£6.9m	£16.2m
Profit (best available)	£6.9m	£16.2m
Employees (average)	0	0
Ratios
Profit margin	112.6%	177.6%
Balance sheet — indirect signals, not revenue
Net assets	£46.4m	£59m
Fixed assets	£83.2m	£89.8m
Current assets	£3.1m	£2.8m
Debtors	£187k	£305k
Deferred income	£736k	£782k
Source	FullAccounts · bulk data Mar 2026	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 177.6%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 985.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.4%; 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: —; Now £59m
Cash at bank: —; Now —
Headcount: —; Now 0
Deferred income: —; Now £782k
Fixed assets: —; Now £89.8m

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

British Land Company Public Limited Company(The)ultimate parent75–100%
BL Intermediate Holding Company 2 Limited75–100%
BL Retail Holding Company Limited75–100%
BL Retail Warehousing Holding Company Limited75–100%
BL Merthyr Limitedthis company

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

Sister companies (23)

BL Warwickshire LimitedRev. £8.8m · Profit £13.7m
BL Falkirk LimitedRev. £8.4m · Profit £11m
BL Didcot 1 LimitedRev. £5.8m · Profit £8.2m
BL Middlesbrough LimitedRev. £5.6m · Profit £12.2m
BL Ravenhead LimitedRev. £5.5m · Profit £12.2m
BL Didcot 2 LimitedRev. £3.4m · Profit £6.1m
BL Doncaster Wheatley LimitedFigures not disclosed
BL HB Investments LimitedFigures not disclosed
BL Holdings 2010 LimitedFigures not disclosed
BL Thanet LimitedFigures not disclosed
BL Turbary LimitedFigures not disclosed
BL Vangarde LimitedFigures not disclosed
Capitol Preston LimitedFigures not disclosed
Elk Mill Oldham LimitedFigures not disclosed
Giltbrook Retail Park Nottingham LimitedFigures not disclosed
Mayflower Retail Park Basildon LimitedFigures not disclosed
Orbital Shopping Park Swindon LimitedFigures not disclosed
Pillar Denton LimitedFigures not disclosed
Solartron Retail Park LimitedFigures not disclosed
Stockton Retail Park LimitedFigures not disclosed
TBL Holdings LimitedFigures not disclosed
The Mary Street Estate LimitedFigures not disclosed
Tollgate Centre Colchester 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 Mar 2025 (profit £16.2m), 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.