How much does Midwest Construction Limited make?

Midwest Construction Limited reported revenue of £31.4m and £359k profit in the year to 30 Nov 2023, according to its accounts filed at Companies House.

How many employees does Midwest Construction Limited have?

Midwest Construction Limited reported an average of 15 employees in the year to 30 Nov 2023.

Is Midwest Construction Limited profitable?

Yes — Midwest Construction Limited reported a profit of £359k in the year to 30 Nov 2023.

Company No. 07074661 · Incorporated 12 Nov 2009

Midwest Construction Limited

Registered name: MIDWEST CONSTRUCTION LIMITED

Midwest Construction Limited made £31.4m revenue and £359k profit in the year to 30 Nov 2023.

Midwest Construction Limited’s revenue grew 14% to £31.4m in the year to 30 Nov 2023, with £359k profit and 15 employees. The company is classified under “other specialised construction activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.

Status: Active
Location: London, London
Age: 16 yrs · since 2009
Type: Private Limited Company

Latest accounts · year to 30 Nov 2023

Key figures

IndependentDoing more with lessBoring industryCash flow filed

Revenue

£31.4m

Growth ▲13.5%

Profit

£359k

Growth ▼61.4%

Profit margin

1.1%

Gross 7.6%

Employees

Change ▼6.3%

Profit / employee

£23.9k

Revenue/employee £2.1m

Profitable streak

2yrs

Consecutive profitable years in our data

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	30 Nov 2022	30 Nov 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.7m	£31.4m
Cost of sales	£24.2m	£29m
Gross profit	£3.4m	£2.4m
Operating profit	£1.1m	£357k
Profit before tax	£980k	£264k
Profit after tax	£930k	£359k
Profit (best available)	£930k	£359k
Staff costs	£1.5m	£1.2m
Employees (average)	16	15
Ratios
Profit margin	3.4%	1.1%
Gross margin	12.5%	7.6%
Revenue per employee	£1.7m	£2.1m
Profit per employee	£58.1k	£23.9k
Cash conversion	−337.9%	234.8%
Growth (year on year)
Revenue growth	—	▲13.5%
Profit growth	—	▼61.4%
Headcount growth	—	▼6.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.6m	£2.2m
Net assets	£6.7m	£7.1m
Fixed assets	£5.9m	£6m
Current assets	£11.7m	£6.7m
Debtors	£103k	£200k
Cash from operations	−£3.7m	£838k
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024

Derived from the latest filing

How the business works

Profit margin: 1.1%; Profit ÷ revenue.
Gross margin: 7.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £2.1m; Revenue ÷ average employees.
Profit per employee: £23.9k; Profit ÷ average employees.
Cash conversion: 234.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.6%; 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: ▲5%; Now £7.1m
Cash at bank: ▼39%; Now £2.2m
Headcount: ▼6%; Now 15
Deferred income: —; Now —
Fixed assets: ▲1%; Now £6m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2023 (profit £359k), from the Companies House accounts bulk data published Jun 2024. 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.