How much does The Prior Way Ltd make?

The Prior Way Ltd reported revenue of £1.2m and £129k profit in the year to 27 Sep 2024, according to its accounts filed at Companies House.

How many employees does The Prior Way Ltd have?

The Prior Way Ltd reported an average of 14 employees in the year to 27 Sep 2024.

Is The Prior Way Ltd profitable?

Yes — The Prior Way Ltd reported a profit of £129k in the year to 27 Sep 2024.

Company No. 06692404 · Incorporated 9 Sep 2008

The Prior Way Ltd

Registered name: THE PRIOR WAY LTD

The Prior Way Ltd made £1.2m revenue and £129k profit in the year to 27 Sep 2024.

The Prior Way Ltd’s revenue fell 29% to £1.2m in the year to 27 Sep 2024, with £129k profit and 14 employees. The company is classified under “retail sale in non-specialised stores with food, beverages or tobacco predominating” and is based in Derby; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating

Status: Active - Proposal to Strike off
Location: Derby, East Midlands
Age: 18 yrs · since 2008
Type: Private Limited Company

Latest accounts · year to 27 Sep 2024

Key figures

IndependentCapital-light

Revenue

£1.2m

Growth ▼29.5%

Profit

£129k

Growth ▲709.5%

Profit margin

10.3%

Gross 17.4%

Employees

Change ▼26.3%

Profit / employee

£9.2k

Revenue/employee £88.8k

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	27 Sep 2022	27 Sep 2023	27 Sep 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.7m	£1.8m	£1.2m
Cost of sales	£1.3m	£1.4m	£1m
Gross profit	£322k	£340k	£216k
Operating profit	£11.2k	£22.6k	£127k
Profit before tax	£6.9k	£19.9k	£124k
Profit after tax	£5.6k	£15.9k	£129k
Profit (best available)	£5.6k	£15.9k	£129k
Employees (average)	19	19	14
Ratios
Profit margin	0.3%	0.9%	10.3%
Gross margin	19.3%	19.3%	17.4%
Revenue per employee	£87.9k	£92.8k	£88.8k
Profit per employee	£295	£836	£9.2k
Growth (year on year)
Revenue growth	—	▲5.6%	▼29.5%
Profit growth	—	▲183.2%	▲709.5%
Headcount growth	—	0%	▼26.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£23.9k	£14.5k	£8k
Net assets	−£132k	−£153k	−£80.1k
Fixed assets	£35.7k	£31.1k	£4.9k
Current assets	£148k	£99.9k	£75.1k
Debtors	£19.3k	£0	£16.6k
Source	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 10.3%; Profit ÷ revenue.
Gross margin: 17.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £88.8k; Revenue ÷ average employees.
Profit per employee: £9.2k; 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: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.3%; 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 −£80.1k
Cash at bank: ▼44%; Now £8k
Headcount: ▼26%; Now 14
Deferred income: —; Now —
Fixed assets: ▼84%; Now £4.9k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 27 Sep 2024 (profit £129k), from the Companies House accounts bulk data published May 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.