Mayflex UK Limited
Registered name: MAYFLEX UK LIMITED
Part of Sonepar International Sas groupMayflex UK Limited made £145m revenue and £12.3m profit in the year to 31 Dec 2024.
Mayflex UK Limited’s revenue was £145m in the year to 31 Dec 2024, with £12.3m profit and 228 employees. The company is classified under “wholesale of other intermediate products” and is based in Birmingham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Birmingham
- Age
- 17 yrs · since 2008
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £150m | £145m | £145m |
| Cost of sales | −£121m | −£106m | −£105m |
| Gross profit | £29m | £39.4m | £40.2m |
| Operating profit | £6.6m | £15.7m | £16.3m |
| Profit before tax | £6.5m | £16.7m | £17.2m |
| Profit after tax | £5.1m | £13m | £12.3m |
| Profit (best available) | £5.1m | £13m | £12.3m |
| Employees (average) | 234 | 234 | 228 |
| Ratios | |||
| Profit margin | 3.4% | 8.9% | 8.5% |
| Gross margin | 19.3% | 27.1% | 27.8% |
| Revenue per employee | £642k | £620k | £635k |
| Profit per employee | £22k | £55.4k | £53.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼3.4% | ▼0.2% |
| Profit growth | — | ▲151.8% | ▼5.1% |
| Headcount growth | — | 0% | ▼2.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 8.5%
- Profit ÷ revenue.
- Gross margin
- 27.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £635k
- Revenue ÷ average employees.
- Profit per employee
- £53.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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 —
- Cash at bank
- —
- Now —
- Headcount
- ▼3%
- Now 228
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Sonepar International Sas (registered outside the UK register)ultimate parent75–100%
- Sonepar UK Limited75–100%
- Mayflex Holdings Limited75–100%
- Mayflex UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Excel Networking Solutions LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £12.3m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 21 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.