How much does Formed Group Limited make?

Formed Group Limited reported revenue of £20.4m and £1.8m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Formed Group Limited have?

Formed Group Limited reported an average of 49 employees in the year to 31 Dec 2025.

Is Formed Group Limited profitable?

Yes — Formed Group Limited reported a profit of £1.8m in the year to 31 Dec 2025.

Company No. 07678531 · Incorporated 22 Jun 2011

Formed Group Limited

Registered name: FORMED GROUP LIMITED

Formed Group Limited made £20.4m revenue and £1.8m profit in the year to 31 Dec 2025. read from filing text

Formed Group Limited’s revenue grew 22% to £20.4m in the year to 31 Dec 2025, with £1.8m profit and 49 employees. The company is classified under “non-specialised wholesale trade” and is based in Lincoln; we hold 5 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active
Location: Lincoln, East Midlands
Age: 15 yrs · since 2011
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£20.4m

Growth ▲22.3%

Profit

£1.8m

Growth ▼4.4%

Profit margin

8.6%

Gross 38.2%

Employees

Change ▲8.9%

Profit / employee

£35.7k

Revenue/employee £417k

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.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	—	£13.8m	£16.7m	£20.4m
Cost of sales	—	—	£9.1m	£10m	£12.6m
Gross profit	—	—	£4.7m	£6.7m	£7.8m
Operating profit	—	—	£834k	£2.4m	£2.2m
Profit before tax	—	—	£841k	£2.4m	£2.4m
Profit after tax	—	—	£643k	£1.8m	£1.8m
Profit (best available)	—	—	£643k	£1.8m	£1.8m
Staff costs	—	—	£2.3m	£2.5m	£2.8m
Employees (average)	34	40	43	45	49
Ratios
Profit margin	—	—	4.7%	11%	8.6%
Gross margin	—	—	34.2%	40%	38.2%
Revenue per employee	—	—	£322k	£371k	£417k
Profit per employee	—	—	£14.9k	£40.7k	£35.7k
Cash conversion	—	—	−128.6%	28.6%	−108%
Growth (year on year)
Revenue growth	—	—	—	▲20.8%	▲22.3%
Profit growth	—	—	—	▲184.8%	▼4.4%
Headcount growth	—	▲17.6%	▲7.5%	▲4.7%	▲8.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£885k	£189k	£1m	£196k	£1.2m
Net assets	£1.9m	£2.3m	£3m	£4.4m	£5.8m
Fixed assets	£119k	£202k	£306k	£309k	£543k
Current assets	£4.8m	£4.9m	£5.6m	£8m	£8.6m
Debtors	£2.1m	£1.5m	£1.6m	£2m	£2.5m
Deferred income	—	—	—	£102k	£270k
Cash from operations	—	—	−£1.1m	£696k	−£2.3m
Source	AbridgedAccounts · bulk data Dec 2023	AbridgedAccounts · bulk data Dec 2023	AbridgedAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 8.6%; Profit ÷ revenue.
Gross margin: 38.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £417k; Revenue ÷ average employees.
Profit per employee: £35.7k; Profit ÷ average employees.
Cash conversion: −108%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.2%; 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: ▲31%; Now £5.8m
Cash at bank: ▲492%; Now £1.2m
Headcount: ▲9%; Now 49
Deferred income: ▲165%; Now £270k
Fixed assets: ▲76%; Now £543k

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.8m), from the Companies House accounts bulk data published Sep 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.