How much does M.B. Freight Forwarding Limited make?

M.B. Freight Forwarding Limited reported revenue of £9.5m and £1.1m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does M.B. Freight Forwarding Limited have?

M.B. Freight Forwarding Limited reported an average of 98 employees in the year to 31 Dec 2023.

Is M.B. Freight Forwarding Limited profitable?

Yes — M.B. Freight Forwarding Limited reported a profit of £1.1m in the year to 31 Dec 2023.

Company No. NI027302 · Incorporated 12 Mar 1993

M.B. Freight Forwarding Limited

Registered name: M.B. FREIGHT FORWARDING LIMITED

Part of Transit Topco Limited group

M.B. Freight Forwarding Limited made £9.5m revenue and £1.1m profit in the year to 31 Dec 2023.

M.B. Freight Forwarding Limited’s revenue fell 12% to £9.5m in the year to 31 Dec 2023, with £1.1m profit and 98 employees. The company is classified under “freight transport by road” and is based in Craigavon; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49410Freight transport by road

Status: Active
Location: Craigavon, Northern Ireland
Age: 33 yrs · since 1993
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 31 Dec 2023

Key figures

Boring industryCash flow filed

Revenue

£9.5m

Growth ▼12.2%

Profit

£1.1m

Growth ▼32.8%

Profit margin

11.4%

Gross 58.1%

Employees

Change ▲1%

Profit / employee

£11.1k

Revenue/employee £96.9k

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	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.8m	£9.5m
Cost of sales	£4.8m	£4m
Gross profit	£6m	£5.5m
Operating profit	£2m	£1.4m
Profit before tax	£2m	£1.4m
Profit after tax	£1.6m	£1.1m
Profit (best available)	£1.6m	£1.1m
Staff costs	£3.1m	£3m
Employees (average)	97	98
Ratios
Profit margin	14.9%	11.4%
Gross margin	55.7%	58.1%
Revenue per employee	£111k	£96.9k
Profit per employee	£16.6k	£11.1k
Cash conversion	−123.9%	−141%
Growth (year on year)
Revenue growth	—	▼12.2%
Profit growth	—	▼32.8%
Headcount growth	—	▲1%
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£1m
Net assets	£4m	£4.1m
Fixed assets	£1.3m	£2.4m
Current assets	£5.5m	£5.2m
Debtors	£1.6m	£1.3m
Deferred income	£247k	£49.2k
Cash from operations	−£2.5m	−£1.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 11.4%; Profit ÷ revenue.
Gross margin: 58.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £96.9k; Revenue ÷ average employees.
Profit per employee: £11.1k; Profit ÷ average employees.
Cash conversion: −141%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 25.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.6%; 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: ▲2%; Now £4.1m
Cash at bank: ▼49%; Now £1m
Headcount: ▲1%; Now 98
Deferred income: ▼80%; Now £49.2k
Fixed assets: ▲84%; Now £2.4m

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

Transit Topco Limitedultimate parent75–100%
Transit Holdco Limited75–100%
Transit Midco Limited75–100%
Transit Bidco Limited75–100%
DX (Group) Limited75–100%
DX Services Limited75–100%
DX Network Services Limited75–100%
M.B. Freight Forwarding Limitedthis company

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

Sister companies (1)

KNW Holdings LimitedRev. £14.6m · Profit −£71k

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 FullAccounts for the year to 31 Dec 2023 (profit £1.1m), from the Companies House accounts bulk data published Sep 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.