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Company No. 07158437 · Incorporated 16 Feb 2010

TW Ludgate & Son Limited

Registered name: TW LUDGATE & SON LIMITED

TW Ludgate & Son Limited made £18.7m revenue and £924k profit in the year to 31 Jan 2025.

TW Ludgate & Son Limited’s revenue grew 9% to £18.7m in the year to 31 Jan 2025, with £924k profit and 14 employees. The company is classified under “wholesale of meat and meat products” and is based in Oxford; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46320Wholesale of meat and meat products
Status
Active
Location
Oxford, South East
Age
16 yrs · since 2010
Type
Private Limited Company
Latest accounts · year to 31 Jan 2025

Key figures

IndependentCapital-lightDoing more with lessCash flow filed
Revenue
£18.7m
Growth ▲8.8%
Profit
£924k
Growth ▼1.7%
Profit margin
5%
Gross 13.2%
Employees
14
Change ▼12.5%
Profit / employee
£66k
Revenue/employee £1.3m
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 to31 Jan 202331 Jan 202431 Jan 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£16.7m£17.2m£18.7m
Cost of sales£14.6m£14.9m£16.2m
Gross profit£2.1m£2.3m£2.5m
Operating profit£1m£1.2m£1.1m
Profit before tax£1.1m£1.2m£1.2m
Profit after tax£860k£940k£924k
Profit (best available)£860k£940k£924k
Staff costs£532k£550k£791k
Employees (average)171614
Ratios
Profit margin5.2%5.5%5%
Gross margin12.5%13.1%13.2%
Revenue per employee£980k£1.1m£1.3m
Profit per employee£50.6k£58.8k£66k
Cash conversion100.8%125.8%64.8%
Growth (year on year)
Revenue growth—▲3.1%▲8.8%
Profit growth—▲9.4%▼1.7%
Headcount growth—▼5.9%▼12.5%
Balance sheet — indirect signals, not revenue
Cash at bank£3.7m£4.2m£3.7m
Net assets£4m£4.1m£4.4m
Fixed assets£338k£363k£529k
Current assets£5.1m£5.6m£5.3m
Debtors£1.1m£1.1m£1.1m
Deferred income£66.4k£54k£15.6k
Cash from operations£1.1m£1.5m£722k
SourceFullAccounts · bulk data Oct 2024FullAccounts · bulk data Oct 2024FullAccounts · bulk data Jul 2025
Derived from the latest filing

How the business works

Profit margin
5%
Profit ÷ revenue.
Gross margin
13.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£1.3m
Revenue ÷ average employees.
Profit per employee
£66k
Profit ÷ average employees.
Cash conversion
64.8%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
2.8%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
6.1%
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
▲6%
Now £4.4m
Cash at bank
▼11%
Now £3.7m
Headcount
▼13%
Now 14
Deferred income
▼71%
Now £15.6k
Fixed assets
▲46%
Now £529k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £924k), from the Companies House accounts bulk data published Jul 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.