Onboard Corrugated Limited
Registered name: ONBOARD CORRUGATED LIMITED
Part of Onboard (Holdings) Limited groupOnboard Corrugated Limited made £44.6m revenue and £1.7m profit in the year to 31 Dec 2024.
Onboard Corrugated Limited’s revenue grew 12% to £44.6m in the year to 31 Dec 2024, with £1.7m profit and 96 employees. The company is classified under “manufacture of other paper and paperboard containers” and is based in Wolverhampton; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Wolverhampton, West Midlands
- Age
- 16 yrs · since 2010
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £39.7m | £44.6m |
| Cost of sales | £27.9m | £30.2m |
| Gross profit | £11.8m | £14.4m |
| Operating profit | £1.8m | £2.7m |
| Profit before tax | £1m | £2.3m |
| Profit after tax | £795k | £1.7m |
| Profit (best available) | £795k | £1.7m |
| Staff costs | £4m | £4.7m |
| Employees (average) | 92 | 96 |
| Ratios | ||
| Profit margin | 2% | 3.9% |
| Gross margin | 29.7% | 32.3% |
| Revenue per employee | £432k | £464k |
| Profit per employee | £8.6k | £17.9k |
| Cash conversion | −235.3% | −3.8% |
| Growth (year on year) | ||
| Revenue growth | — | ▲12.3% |
| Profit growth | — | ▲116.6% |
| Headcount growth | — | ▲4.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.1m | £51.1k |
| Net assets | £13.6m | £15.4m |
| Fixed assets | £9.3m | £11.6m |
| Current assets | £21.5m | £25.1m |
| Debtors | £12m | £17.1m |
| Cash from operations | −£4.3m | −£105k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 3.9%
- Profit ÷ revenue.
- Gross margin
- 32.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £464k
- Revenue ÷ average employees.
- Profit per employee
- £17.9k
- Profit ÷ average employees.
- Cash conversion
- −3.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 25.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 38.4%
- 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
- ▲13%
- Now £15.4m
- Cash at bank
- ▼98%
- Now £51.1k
- Headcount
- ▲4%
- Now 96
- Deferred income
- —
- Now —
- Fixed assets
- ▲24%
- Now £11.6m
Group structure
Ownership chain
- Onboard (Holdings) Limitedultimate parent75–100%
- Onboard Corrugated Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Onboard Investments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Profit
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- Staff
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- Revenue
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- Profit
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.7m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 17 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.