How much does Devol Kitchens Limited make?

Devol Kitchens Limited reported revenue of £37m and £4.4m profit in the year to 30 Sep 2024, according to its accounts filed at Companies House.

How many employees does Devol Kitchens Limited have?

Devol Kitchens Limited reported an average of 377 employees in the year to 30 Sep 2024.

Is Devol Kitchens Limited profitable?

Yes — Devol Kitchens Limited reported a profit of £4.4m in the year to 30 Sep 2024.

Company No. 06707961 · Incorporated 25 Sep 2008

Devol Kitchens Limited

Registered name: DEVOL KITCHENS LIMITED

Part of Devol Holdings Limited group

Devol Kitchens Limited made £37m revenue and £4.4m profit in the year to 30 Sep 2024.

Devol Kitchens Limited’s revenue grew 4% to £37m in the year to 30 Sep 2024, with £4.4m profit and 377 employees. The company is classified under “manufacture of kitchen furniture” and is based in Loughborough; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 31020Manufacture of kitchen furniture

Status: Active
Location: Loughborough, East Midlands
Age: 18 yrs · since 2008
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.

Latest accounts · year to 30 Sep 2024

Key figures

Cash flow filed

Revenue

£37m

Growth ▲4.4%

Profit

£4.4m

Growth ▼9%

Profit margin

11.8%

Gross 39.3%

Employees

377

Change ▲14.6%

Profit / employee

£11.6k

Revenue/employee £98.3k

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	30 Sep 2022	30 Sep 2023	30 Sep 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£30.6m	£35.5m	£37m
Cost of sales	£17.2m	£20.4m	£22.5m
Gross profit	£13.4m	£15.1m	£14.6m
Operating profit	£6.1m	£5.9m	£4.6m
Profit before tax	£6m	£6m	£4.7m
Profit after tax	£4.9m	£4.8m	£4.4m
Profit (best available)	£4.9m	£4.8m	£4.4m
Staff costs	£9.6m	£11.6m	£13.1m
Employees (average)	288	329	377
Ratios
Profit margin	15.9%	13.5%	11.8%
Gross margin	43.7%	42.6%	39.3%
Revenue per employee	£106k	£108k	£98.3k
Profit per employee	£16.9k	£14.6k	£11.6k
Cash conversion	110.5%	93.3%	94.7%
Growth (year on year)
Revenue growth	—	▲16.1%	▲4.4%
Profit growth	—	▼1.3%	▼9%
Headcount growth	—	▲14.2%	▲14.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.1m	£4.7m	£3.9m
Net assets	£13.8m	£17.5m	£22.7m
Fixed assets	£11.1m	£17.4m	£21.7m
Current assets	£15.3m	£11.4m	£12m
Debtors	£1.2m	£367k	£580k
Deferred income	£298k	£266k	£209k
Cash from operations	£6.7m	£5.5m	£4.3m
Source	Accounts · bulk data Jun 2024	Accounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 11.8%; Profit ÷ revenue.
Gross margin: 39.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £98.3k; Revenue ÷ average employees.
Profit per employee: £11.6k; Profit ÷ average employees.
Cash conversion: 94.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 58.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.6%; 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: ▲30%; Now £22.7m
Cash at bank: ▼17%; Now £3.9m
Headcount: ▲15%; Now 377
Deferred income: ▼21%; Now £209k
Fixed assets: ▲25%; Now £21.7m

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

Devol Holdings Limitedultimate parent75–100%
Devol Kitchens Limitedthis company

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

Sister companies (2)

Devol Properties LimitedFigures not disclosed
Floors of Stone 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 30 Sep 2024 (profit £4.4m), from the Companies House accounts bulk data published Jun 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.