How much does GSK Wholesale Limited make?

GSK Wholesale Limited reported revenue of £7.5m and £1.4m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does GSK Wholesale Limited have?

GSK Wholesale Limited reported an average of 9 employees in the year to 31 Dec 2023.

Is GSK Wholesale Limited profitable?

Yes — GSK Wholesale Limited reported a profit of £1.4m in the year to 31 Dec 2023.

Company No. 13095841 · Incorporated 22 Dec 2020

GSK Wholesale Limited

Registered name: GSK WHOLESALE LIMITED

GSK Wholesale Limited made £7.5m revenue and £1.4m profit in the year to 31 Dec 2023.

GSK Wholesale Limited’s revenue grew 19% to £7.5m in the year to 31 Dec 2023, with £1.4m profit and 9 employees. The company is classified under “non-specialised wholesale trade” and is based in Cardiff; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Liquidation
Location: Cardiff, Wales
Age: 5 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentSmall teamCapital-lightYoung and profitableOperating leverage

Revenue

£7.5m

Growth ▲18.9%

Profit

£1.4m

Growth ▲64.5%

Profit margin

18.1%

Gross 31.1%

Employees

Change ▲28.6%

Profit / employee

£151k

Revenue/employee £837k

Profitable streak

3yrs

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	31 Dec 2021	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.7m	£6.3m	£7.5m
Cost of sales	£3.7m	£4.7m	£5.2m
Gross profit	£1m	£1.6m	£2.3m
Operating profit	£501k	£1m	£1.6m
Profit before tax	£501k	£1m	£1.6m
Profit after tax	£395k	£828k	£1.4m
Profit (best available)	£395k	£828k	£1.4m
Employees (average)	5	7	9
Ratios
Profit margin	8.4%	13.1%	18.1%
Gross margin	21.8%	25.1%	31.1%
Revenue per employee	£942k	£905k	£837k
Profit per employee	£78.9k	£118k	£151k
Growth (year on year)
Revenue growth	—	▲34.5%	▲18.9%
Profit growth	—	▲109.9%	▲64.5%
Headcount growth	—	▲40%	▲28.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£47.5k	£689k	£978k
Net assets	£245k	£886k	£2m
Fixed assets	£172k	£175k	£712k
Current assets	£190k	£939k	£1.5m
Debtors	£18.9k	£79.3k	£98.4k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	Accounts · bulk data Feb 2024

Derived from the latest filing

How the business works

Profit margin: 18.1%; Profit ÷ revenue.
Gross margin: 31.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £837k; Revenue ÷ average employees.
Profit per employee: £151k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 9.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.3%; 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: ▲128%; Now £2m
Cash at bank: ▲42%; Now £978k
Headcount: ▲29%; Now 9
Deferred income: —; Now —
Fixed assets: ▲308%; Now £712k

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £1.4m), from the Companies House accounts bulk data published Feb 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.