Mtalx Limited
Registered name: MTALX LIMITED
Part of Mtalx Global Holdings Limited groupMtalx Limited made £297m revenue and £2.7m profit in the year to 30 Nov 2025. read from filing text
Mtalx Limited’s revenue fell 19% to £297m in the year to 30 Nov 2025, with £2.7m profit and 33 employees. The company is classified under “wholesale of metals and metal ores” and is based in Manchester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Manchester, North West
- 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. From the filing: “At 30 November 2025, the immediate parent undertaking, and also the ultimate parent undertaking in the UK, was Mtalx Global Holdings Limited, an intermediate holding company incorporated in England & ”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £407m | £531m | £367m | £297m |
| Cost of sales | £384m | £513m | £342m | £279m |
| Gross profit | £22.6m | £18.6m | £25.8m | £17.8m |
| Operating profit | £14.4m | £11m | £17.3m | £8.8m |
| Profit before tax | £13.3m | £5.2m | £11.1m | £3.7m |
| Profit after tax | £10.7m | £4.2m | £8.3m | £2.7m |
| Profit (best available) | £10.7m | £4.2m | £8.3m | £2.7m |
| Staff costs | £2.4m | £2.3m | £2.5m | £2.4m |
| Employees (average) | 17 | 26 | 33 | 33 |
| Ratios | ||||
| Profit margin | 2.6% | 0.8% | 2.3% | 0.9% |
| Gross margin | 5.6% | 3.5% | 7% | 6% |
| Revenue per employee | £23.9m | £20.4m | £11.1m | £9m |
| Profit per employee | £630k | £162k | £252k | £83.2k |
| Cash conversion | −23.3% | 182% | −13.6% | −277.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲30.6% | ▼30.8% | ▼19.2% |
| Profit growth | — | ▼60.8% | ▲98.1% | ▼67% |
| Headcount growth | — | ▲52.9% | ▲26.9% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £66.2k | £1.4m | £124k | £2.1m |
| Net assets | £27.4m | £31.3m | £39.5m | £41.2m |
| Fixed assets | £648k | £805k | £1.1m | £1.2m |
| Current assets | £83.9m | £126m | £128m | £103m |
| Debtors | £24.8m | £62m | £60.2m | £37.7m |
| Deferred income | £9.1m | £5.2m | £2.6m | £1.8m |
| Cash from operations | −£3.3m | £20.1m | −£2.3m | −£24.4m |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data May 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 0.9%
- Profit ÷ revenue.
- Gross margin
- 6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £9m
- Revenue ÷ average employees.
- Profit per employee
- £83.2k
- Profit ÷ average employees.
- Cash conversion
- −277.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.4%
- 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
- 12.7%
- 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
- ▲4%
- Now £41.2m
- Cash at bank
- ▲1615%
- Now £2.1m
- Headcount
- 0%
- Now 33
- Deferred income
- ▼29%
- Now £1.8m
- Fixed assets
- ▲10%
- Now £1.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Mtalx Global Holdings Limitedultimate parent75–100%
- Mtalx Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Mtalx Agri LtdFigures not disclosed
- Mtalx Polymers LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Metalor Technologies (UK) LtdBirmingham · Wholesale of metals and metal ores
- Revenue
- £251m
- Profit
- £2.2m
- Staff
- 30
- Rainham Steel Company LimitedRomford · Wholesale of metals and metal ores
- Revenue
- £190m
- Profit
- £2.1m
- Staff
- 241
- TW Metals LimitedNursling · Wholesale of metals and metal ores
- Revenue
- £178m
- Profit
- £7.6m
- Staff
- —
Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £2.7m), from the Companies House accounts bulk data published Aug 2026. 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.