How much does Midwest Commodities Limited make?

Midwest Commodities Limited reported revenue of £55.4m and £274k profit in the year to 30 Sep 2023, according to its accounts filed at Companies House.

How many employees does Midwest Commodities Limited have?

Midwest Commodities Limited reported an average of 63 employees in the year to 30 Sep 2023.

Is Midwest Commodities Limited profitable?

Yes — Midwest Commodities Limited reported a profit of £274k in the year to 30 Sep 2023.

Company No. 11514565 · Incorporated 13 Aug 2018

Midwest Commodities Limited

Registered name: MIDWEST COMMODITIES LIMITED

Midwest Commodities Limited made £55.4m revenue and £274k profit in the year to 30 Sep 2023.

Midwest Commodities Limited’s revenue grew 21% to £55.4m in the year to 30 Sep 2023, with £274k profit and 63 employees. The company is classified under “wholesale of other intermediate products” and is based in ST. Albans; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46760Wholesale of other intermediate products

Status: In Administration
Location: ST. Albans, East of England
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 30 Sep 2023

Key figures

IndependentCapital-lightOperating leverageCash flow filed

Revenue

£55.4m

Growth ▲20.6%

Profit

£274k

Growth ▲96.9%

Profit margin

0.5%

Gross 9.1%

Employees

Change ▲250%

Profit / employee

£4.3k

Revenue/employee £880k

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 to	30 Sep 2022	30 Sep 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£46m	£55.4m
Cost of sales	£42.6m	£50.4m
Gross profit	£3.3m	£5m
Operating profit	£274k	−£172k
Profit before tax	£263k	−£181k
Profit after tax	£139k	£274k
Profit (best available)	£139k	£274k
Staff costs	£1.3m	£2.2m
Employees (average)	18	63
Ratios
Profit margin	0.3%	0.5%
Gross margin	7.3%	9.1%
Revenue per employee	£2.6m	£880k
Profit per employee	£7.7k	£4.3k
Cash conversion	2347%	—
Growth (year on year)
Revenue growth	—	▲20.6%
Profit growth	—	▲96.9%
Headcount growth	—	▲250%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£17.5k
Net assets	£8.4m	£8.7m
Fixed assets	£716k	£699k
Current assets	£19.5m	£20.9m
Debtors	£5.7m	£6.2m
Cash from operations	£6.4m	−£1.7m
Source	Accounts · bulk data Jul 2024	Accounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 0.5%; Profit ÷ revenue.
Gross margin: 9.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £880k; Revenue ÷ average employees.
Profit per employee: £4.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.2%; 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: ▲3%; Now £8.7m
Cash at bank: ▼99%; Now £17.5k
Headcount: ▲250%; Now 63
Deferred income: —; Now —
Fixed assets: ▼2%; Now £699k

Corporate ownership

Group structure

Subsidiaries (1)

Midwest Polychem LimitedIn AdministrationRev. £23.3m · Profit £227k

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 Sep 2023 (profit £274k), from the Companies House accounts bulk data published Jul 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.