How much does North Down Grain Limited make?

North Down Grain Limited reported revenue of £19.7m and £425k profit in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does North Down Grain Limited have?

North Down Grain Limited reported an average of 52 employees in the year to 31 Oct 2024.

Is North Down Grain Limited profitable?

Yes — North Down Grain Limited reported a profit of £425k in the year to 31 Oct 2024.

Company No. NI017660 · Incorporated 4 Jul 1984

North Down Grain Limited

Registered name: NORTH DOWN GRAIN LIMITED

North Down Grain Limited made £19.7m revenue and £425k profit in the year to 31 Oct 2024. read from filing text

North Down Grain Limited’s revenue fell 31% to £19.7m in the year to 31 Oct 2024, with £425k profit and 52 employees. The company is classified under “growing of cereals (except rice), leguminous crops and oil seeds” and is based in Newtownards; we hold 3 years of its filed accounts.

Full P&L filedSection A · Agriculture, forestry and fishingSIC 01110Growing of cereals (except rice), leguminous crops and oil seeds SIC 10611Grain milling

Status: Active
Location: Newtownards, Northern Ireland
Age: 42 yrs · since 1984
Type: Private Limited Company

Latest accounts · year to 31 Oct 2024

Key figures

IndependentCapital-light

Revenue

£19.7m

Growth ▼30.8%

Profit

£425k

Growth ▲79.6%

Profit margin

2.2%

Gross 15.8%

Employees

Change 0%

Profit / employee

£8.2k

Revenue/employee £378k

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 Oct 2022	31 Oct 2023	31 Oct 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£33.8m	£28.4m	£19.7m
Cost of sales	£31m	£25.4m	£16.6m
Gross profit	£2.8m	£3.1m	£3.1m
Operating profit	£435k	£394k	£406k
Profit before tax	£425k	£353k	£460k
Profit after tax	£427k	£237k	£425k
Profit (best available)	£427k	£237k	£425k
Staff costs	£1.5m	£1.7m	£1.9m
Employees (average)	48	52	52
Ratios
Profit margin	1.3%	0.8%	2.2%
Gross margin	8.3%	10.7%	15.8%
Revenue per employee	£704k	£547k	£378k
Profit per employee	£8.9k	£4.5k	£8.2k
Growth (year on year)
Revenue growth	—	▼15.9%	▼30.8%
Profit growth	—	▼44.5%	▲79.6%
Headcount growth	—	▲8.3%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£26.7k	£500k	£44.7k
Net assets	£5.3m	£5.4m	£5.8m
Fixed assets	£2.6m	£2.2m	£1.9m
Current assets	£9.8m	£7.4m	£5.2m
Debtors	£2.4m	£1.5m	£1.6m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 2.2%; Profit ÷ revenue.
Gross margin: 15.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £378k; Revenue ÷ average employees.
Profit per employee: £8.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 9.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.1%; 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: ▲7%; Now £5.8m
Cash at bank: ▼91%; Now £44.7k
Headcount: 0%; Now 52
Deferred income: —; Now —
Fixed assets: ▼13%; Now £1.9m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2024 (profit £425k), from the Companies House accounts bulk data published Jul 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.