How much does Baldwin & Francis Limited make?

Baldwin & Francis Limited reported revenue of £4.2m and a loss of £1m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Baldwin & Francis Limited have?

Baldwin & Francis Limited reported an average of 61 employees in the year to 31 Dec 2025.

Is Baldwin & Francis Limited profitable?

No — Baldwin & Francis Limited reported a loss of £1m in the year to 31 Dec 2025.

Company No. 12246054 · Incorporated 7 Oct 2019

Baldwin & Francis Limited

Registered name: BALDWIN & FRANCIS LIMITED

Part of Brush Group Midco 2 Limited group

Baldwin & Francis Limited made £4.2m revenue and a £1m loss in the year to 31 Dec 2025. read from filing text

Baldwin & Francis Limited’s revenue fell 39% to £4.2m in the year to 31 Dec 2025, with a loss of £1m and 61 employees. The company is classified under “manufacture of electricity distribution and control apparatus” and is based in Loughborough; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 27120Manufacture of electricity distribution and control apparatus

Status: Active
Location: Loughborough, East Midlands
Age: 7 yrs · since 2019
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. From the filing: “At the balance sheet date the company is a subsidiary of Pioneer Ideso Holdings Limited, a company incorporated in England and Wales. The ultimate parent undertaking is Longacre Group Limited, a compa”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£4.2m

Growth ▼39.3%

Profit

−£1m

Growth —

Profit margin

−24.2%

Gross 30.7%

Employees

Change 0%

Profit / employee

−£16.8k

Revenue/employee £69.5k

Profitable streak

0yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 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)	£8.9m	£11.2m	£7m	£4.2m
Cost of sales	£6.6m	£8.6m	£5.8m	£2.9m
Gross profit	£2.2m	£2.6m	£1.2m	£1.3m
Operating profit	£153k	£380k	−£1.4m	−£1.3m
Profit before tax	−£112k	−£14.4k	−£1.8m	−£1.6m
Profit after tax	−£110k	£27.8k	−£1.7m	−£1m
Profit (best available)	−£110k	£27.8k	−£1.7m	−£1m
Employees (average)	47	60	61	61
Ratios
Profit margin	−1.2%	0.3%	−24.8%	−24.2%
Gross margin	25.1%	23.2%	17.4%	30.7%
Revenue per employee	£189k	£187k	£115k	£69.5k
Profit per employee	−£2.3k	£463	−£28.3k	−£16.8k
Growth (year on year)
Revenue growth	—	▲26.8%	▼37.9%	▼39.3%
Profit growth	—	—	▼6321%	—
Headcount growth	—	▲27.7%	▲1.7%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£99.3k	£35.9k	£29.3k	£60.1k
Net assets	−£462k	−£434k	−£4m	−£5m
Fixed assets	£311k	£237k	£147k	£71.7k
Current assets	£9.8m	£15.7m	£7.7m	£4.8m
Debtors	£2.6m	£2.7m	£707k	£1.1m
Deferred income	£3m	£5.7m	£2.6m	£1.3m
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: −24.2%; Profit ÷ revenue.
Gross margin: 30.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £69.5k; Revenue ÷ average employees.
Profit per employee: −£16.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 31.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 26.6%; 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: —; Now −£5m
Cash at bank: ▲105%; Now £60.1k
Headcount: 0%; Now 61
Deferred income: ▼48%; Now £1.3m
Fixed assets: ▼51%; Now £71.7k

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

Brush Group Midco 2 Limitedultimate parent75–100%
Brush Group Midco 3 Limited75–100%
Brush Group Midco 4 Limited75–100%
Brush Group Bidco Limited75–100%
Brush Group Limited75–100%
Baldwin & Francis Limitedthis company

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

Sister companies (12)

Allenwest LimitedFigures not disclosed
Aprenda LtdFigures not disclosed
Brush Electrical Engineering Company LimitedFigures not disclosed
Brush Power Solutions LtdFigures not disclosed
Brush Transformers LimitedFigures not disclosed
D.K. Moriarty LimitedFigures not disclosed
Danks Holdings LimitedFigures not disclosed
Eta Projects LimitedFigures not disclosed
Hawker Siddeley Switchgear LimitedFigures not disclosed
McGowan Group LtdFigures not disclosed
Poise Group LimitedFigures not disclosed
Rybka LimitedFigures 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 Dec 2025 (profit −£1m), from the Companies House accounts bulk data published Jul 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.