How much does Midwest Polychem Limited make?

Midwest Polychem Limited reported revenue of £23.3m and £227k profit in the year to 30 Sep 2024, according to its accounts filed at Companies House.

How many employees does Midwest Polychem Limited have?

Midwest Polychem Limited reported an average of 64 employees in the year to 30 Sep 2024.

Is Midwest Polychem Limited profitable?

Yes — Midwest Polychem Limited reported a profit of £227k in the year to 30 Sep 2024.

Company No. 12741152 · Incorporated 14 Jul 2020

Midwest Polychem Limited

Registered name: MIDWEST POLYCHEM LIMITED

Part of Midwest Commodities Limited group

Midwest Polychem Limited made £23.3m revenue and £227k profit in the year to 30 Sep 2024.

Midwest Polychem Limited’s revenue grew 19% to £23.3m in the year to 30 Sep 2024, with £227k profit and 64 employees. The company is classified under “manufacture of plastic packing goods” and is based in ST. Albans; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22220Manufacture of plastic packing goods

Status: In Administration
Location: ST. Albans, East of England
Age: 6 yrs · since 2020
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.

Latest accounts · year to 30 Sep 2024

Key figures

Young and profitableCash flow filed

Revenue

£23.3m

Growth ▲19.1%

Profit

£227k

Growth —

Profit margin

Gross 21.9%

Employees

Change ▲6.7%

Profit / employee

£3.5k

Revenue/employee £365k

Profitable streak

1yr

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Sep 2022	30 Sep 2023	30 Sep 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£19.6m	£23.3m
Cost of sales	—	£15.3m	£18.2m
Gross profit	—	£4.3m	£5.1m
Operating profit	—	−£520k	−£520k
Profit before tax	—	−£563k	−£651k
Profit after tax	—	−£1.2m	£227k
Profit (best available)	—	−£1.2m	£227k
Staff costs	—	£2m	£2m
Employees (average)	22	60	64
Ratios
Profit margin	—	−5.9%	1%
Gross margin	—	21.8%	21.9%
Revenue per employee	—	£326k	£365k
Profit per employee	—	−£19.2k	£3.5k
Growth (year on year)
Revenue growth	—	—	▲19.1%
Headcount growth	—	▲172.7%	▲6.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£334k	£174k	£185k
Net assets	−£138k	−£1.3m	−£1.1m
Fixed assets	£12.4m	£11m	£9.6m
Current assets	£6.8m	£8.9m	£16.1m
Debtors	£3.7m	£4.5m	£6.9m
Deferred income	—	£35.1k	£36.6k
Cash from operations	—	−£2.2m	−£7.6m
Source	Accounts · bulk data Jun 2024	Accounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 1%; Profit ÷ revenue.
Gross margin: 21.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £365k; Revenue ÷ average employees.
Profit per employee: £3.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 41%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 29.7%; 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 −£1.1m
Cash at bank: ▲6%; Now £185k
Headcount: ▲7%; Now 64
Deferred income: ▲4%; Now £36.6k
Fixed assets: ▼13%; Now £9.6m

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

Midwest Commodities Limitedultimate parent75–100%
Midwest Polychem Limitedthis company

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

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Sep 2024 (profit £227k), from the Companies House accounts bulk data published Jun 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.