How much does Morganstone (Holdings) Limited make?

Morganstone (Holdings) Limited reported revenue of £48.4m and £318k profit in the year to 5 Apr 2025, according to its accounts filed at Companies House.

How many employees does Morganstone (Holdings) Limited have?

Morganstone (Holdings) Limited reported an average of 53 employees in the year to 5 Apr 2025.

Is Morganstone (Holdings) Limited profitable?

Yes — Morganstone (Holdings) Limited reported a profit of £318k in the year to 5 Apr 2025.

Company No. 08991510 · Incorporated 10 Apr 2014

Morganstone (Holdings) Limited

Registered name: MORGANSTONE (HOLDINGS) LIMITED

Morganstone (Holdings) Limited made £48.4m revenue and £318k profit in the year to 5 Apr 2025. read from filing text

Morganstone (Holdings) Limited’s revenue grew 39% to £48.4m in the year to 5 Apr 2025, with £318k profit and 53 employees. The company is classified under “development of building projects” and is based in Swansea; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects

Status: Active
Location: Swansea, Wales
Age: 12 yrs · since 2014
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Latest accounts · year to 5 Apr 2025

Key figures

IndependentCapital-light

Revenue

£48.4m

Growth ▲39.1%

Profit

£318k

Growth ▼15.3%

Profit margin

0.7%

Gross 4.1%

Employees

Change ▲10.4%

Profit / employee

£6k

Revenue/employee £913k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	5 Apr 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)	£33m	£30.3m	£34.8m	£48.4m
Cost of sales	£31.5m	£29.5m	£33.6m	£46.4m
Gross profit	£1.5m	£852k	£1.2m	£2m
Operating profit	£420k	−£227k	£568k	£479k
Profit before tax	£394k	−£245k	£507k	£430k
Profit after tax	£312k	−£99k	£375k	£318k
Profit (best available)	£312k	−£99k	£375k	£318k
Employees (average)	77	61	48	53
Ratios
Profit margin	0.9%	−0.3%	1.1%	0.7%
Gross margin	4.5%	2.8%	3.5%	4.1%
Revenue per employee	£428k	£497k	£725k	£913k
Profit per employee	£4.1k	−£1.6k	£7.8k	£6k
Growth (year on year)
Revenue growth	—	▼8.1%	▲14.8%	▲39.1%
Profit growth	—	▼131.7%	—	▼15.3%
Headcount growth	—	▼20.8%	▼21.3%	▲10.4%
Balance sheet — indirect signals, not revenue
Net assets	£6	£6	£6	£6
Fixed assets	£3	£3	£3	£3
Debtors	£0	£0	£0	£0
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 0.7%; Profit ÷ revenue.
Gross margin: 4.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £913k; Revenue ÷ average employees.
Profit per employee: £6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: 0%; Now £6
Cash at bank: —; Now —
Headcount: ▲10%; Now 53
Deferred income: —; Now —
Fixed assets: 0%; Now £3

Corporate ownership

Group structure

Subsidiaries (1)

Morganstone LtdRev. £48.4m · Profit £318k

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 5 Apr 2025 (profit £318k), from the Companies House accounts bulk data published Dec 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.