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Company No. 09431562 · Incorporated 10 Feb 2015

Feedco Ltd

Registered name: FEEDCO LTD

Feedco Ltd made £48.9m revenue and £492k profit in the year to 30 Apr 2023. read from filing text

Feedco Ltd’s revenue grew 57% to £48.9m in the year to 30 Apr 2023, with £492k profit and 35 employees. The company is classified under “manufacture of prepared feeds for farm animals” and is based in Taunton; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10910Manufacture of prepared feeds for farm animalsSIC 46210Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
Status
Active
Location
Taunton, South West
Age
11 yrs · since 2015
Type
Private Limited Company
Latest accounts · year to 30 Apr 2023

Key figures

IndependentCapital-lightCash flow filed
Revenue
£48.9m
Growth ▲56.6%
Profit
£492k
Growth ▲8.3%
Profit margin
1%
Gross 9.6%
Employees
35
Change 0%
Profit / employee
£14k
Revenue/employee £1.4m
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Apr 202230 Apr 2023
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£31.2m£48.9m
Cost of sales£27.7m£44.2m
Gross profit£3.5m£4.7m
Operating profit£411k£517k
Profit before tax£394k£586k
Profit after tax£454k£492k
Profit (best available)£454k£492k
Staff costs£1.4m£1.6m
Employees (average)3535
Ratios
Profit margin1.5%1%
Gross margin11.3%9.6%
Revenue per employee£893k£1.4m
Profit per employee£13k£14k
Cash conversion192.3%98.3%
Growth (year on year)
Revenue growth—▲56.6%
Profit growth—▲8.3%
Headcount growth—0%
Balance sheet — indirect signals, not revenue
Cash at bank£385k£662k
Net assets£724k£1.2m
Fixed assets£377k£220k
Current assets£6.8m£8.7m
Debtors£5.8m£7.5m
Deferred income£283k£331k
Cash from operations£790k£508k
SourceAccounts · bulk data Jan 2024Accounts · bulk data Jan 2024
Derived from the latest filing

How the business works

Profit margin
1%
Profit ÷ revenue.
Gross margin
9.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£1.4m
Revenue ÷ average employees.
Profit per employee
£14k
Profit ÷ average employees.
Cash conversion
98.3%
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
0.7%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
15.3%
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
▲68%
Now £1.2m
Cash at bank
▲72%
Now £662k
Headcount
0%
Now 35
Deferred income
▲17%
Now £331k
Fixed assets
▼42%
Now £220k

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

Minority corporate shareholders

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Apr 2023 (profit £492k), from the Companies House accounts bulk data published Jan 2024. 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.