How much does Grant Palmer Limited make?

Grant Palmer Limited reported revenue of £8m and £1.6m profit in the year to 31 Aug 2024, according to its accounts filed at Companies House.

How many employees does Grant Palmer Limited have?

Grant Palmer Limited reported an average of 92 employees in the year to 31 Aug 2024.

Is Grant Palmer Limited profitable?

Yes — Grant Palmer Limited reported a profit of £1.6m in the year to 31 Aug 2024.

Company No. 07183222 · Incorporated 9 Mar 2010

Grant Palmer Limited

Registered name: GRANT PALMER LIMITED

Part of Grant Palmer (Holdings) Limited group

Grant Palmer Limited made £8m revenue and £1.6m profit in the year to 31 Aug 2024.

Grant Palmer Limited’s revenue grew 26% to £8m in the year to 31 Aug 2024, with £1.6m profit and 92 employees. The company is classified under “other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)” and is based in Flitwick; we hold 3 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49319Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)

Status: Active
Location: Flitwick, South East
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.

Latest accounts · year to 31 Aug 2024

Key figures

Operating leverage

Revenue

£8m

Growth ▲26%

Profit

£1.6m

Growth ▲97.7%

Profit margin

20.6%

Gross 46.3%

Employees

Change ▲19.5%

Profit / employee

£17.8k

Revenue/employee £86.4k

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 to	31 Aug 2022	31 Aug 2023	31 Aug 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£5.6m	£6.3m	£8m
Cost of sales	£3.2m	£3.8m	£4.3m
Gross profit	£2.3m	£2.5m	£3.7m
Operating profit	£1.1m	£1.2m	£2.3m
Profit before tax	£1m	£1.1m	£2.2m
Profit after tax	£786k	£827k	£1.6m
Profit (best available)	£786k	£827k	£1.6m
Staff costs	£1.9m	£2.3m	£2.8m
Employees (average)	65	77	92
Ratios
Profit margin	14.1%	13.1%	20.6%
Gross margin	41.8%	40.4%	46.3%
Revenue per employee	£85.5k	£81.9k	£86.4k
Profit per employee	£12.1k	£10.7k	£17.8k
Growth (year on year)
Revenue growth	—	▲13.5%	▲26%
Profit growth	—	▲5.3%	▲97.7%
Headcount growth	—	▲18.5%	▲19.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£3m	£2.1m	£3.2m
Net assets	£3.5m	£4.2m	£5.7m
Fixed assets	£2.1m	£4.1m	£4.4m
Current assets	£4m	£3.4m	£4.8m
Debtors	£155k	£262k	£491k
Deferred income	£325k	£176k	£146k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data May 2025

Derived from the latest filing

How the business works

Profit margin: 20.6%; Profit ÷ revenue.
Gross margin: 46.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £86.4k; Revenue ÷ average employees.
Profit per employee: £17.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 55.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.2%; 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: ▲35%; Now £5.7m
Cash at bank: ▲48%; Now £3.2m
Headcount: ▲19%; Now 92
Deferred income: ▼17%; Now £146k
Fixed assets: ▲8%; Now £4.4m

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

Corporate ownership

Group structure

Ownership chain

Grant Palmer (Holdings) Limitedultimate parent75–100%
Grant Palmer Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

J.K Developments (Biggleswade) LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2024 (profit £1.6m), from the Companies House accounts bulk data published May 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.