How much does Millar Tractors Limited make?

Millar Tractors Limited reported revenue of £33.5m and £1.1m profit in the year to 28 Feb 2026, according to its accounts filed at Companies House.

How many employees does Millar Tractors Limited have?

Millar Tractors Limited reported an average of 8 employees in the year to 28 Feb 2026.

Is Millar Tractors Limited profitable?

Yes — Millar Tractors Limited reported a profit of £1.1m in the year to 28 Feb 2026.

Company No. NI030423 · Incorporated 2 Feb 1996

Millar Tractors Limited

Registered name: MILLAR TRACTORS LIMITED

Millar Tractors Limited made £33.5m revenue and £1.1m profit in the year to 28 Feb 2026. read from filing text

Millar Tractors Limited’s revenue grew 4% to £33.5m in the year to 28 Feb 2026, with £1.1m profit and 8 employees. The company is classified under “wholesale of agricultural machinery, equipment and supplies” and is based in Co Derry; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46610Wholesale of agricultural machinery, equipment and supplies

Status: Active
Location: Co Derry, Northern Ireland
Age: 30 yrs · since 1996
Type: Private Limited Company

Latest accounts · year to 28 Feb 2026

Key figures

IndependentSmall teamOperating leverageDoing more with lessCash flow filed

Revenue

£33.5m

Growth ▲4%

Profit

£1.1m

Growth ▲25.1%

Profit margin

3.3%

Gross 5.9%

Employees

Change ▼11.1%

Profit / employee

£137k

Revenue/employee £4.2m

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	28 Feb 2024	28 Feb 2025	28 Feb 2026
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£42.9m	£32.2m	£33.5m
Cost of sales	£40.7m	£30.4m	£31.6m
Gross profit	£2.2m	£1.8m	£2m
Operating profit	£1.6m	£1.2m	£1.5m
Profit before tax	£1.5m	£1.2m	£1.5m
Profit after tax	£1.1m	£878k	£1.1m
Profit (best available)	£1.1m	£878k	£1.1m
Staff costs	£279k	£251k	£266k
Employees (average)	9	9	8
Ratios
Profit margin	2.6%	2.7%	3.3%
Gross margin	5.1%	5.7%	5.9%
Revenue per employee	£4.8m	£3.6m	£4.2m
Profit per employee	£125k	£97.6k	£137k
Cash conversion	15.8%	−545.9%	247.8%
Growth (year on year)
Revenue growth	—	▼24.8%	▲4%
Profit growth	—	▼21.7%	▲25.1%
Headcount growth	—	0%	▼11.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.3k	£356k	£14.6k
Net assets	£16.2m	£17.1m	£18.2m
Fixed assets	£4.8m	£4.9m	£4.7m
Current assets	£22m	£14.9m	£21m
Debtors	£15.1m	£9.7m	£10.4m
Deferred income	£69.5k	£16.3k	£229k
Cash from operations	£261k	−£6.8m	£3.8m
Source	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 3.3%; Profit ÷ revenue.
Gross margin: 5.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £4.2m; Revenue ÷ average employees.
Profit per employee: £137k; Profit ÷ average employees.
Cash conversion: 247.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 13.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 31.1%; 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: ▲6%; Now £18.2m
Cash at bank: ▼96%; Now £14.6k
Headcount: ▼11%; Now 8
Deferred income: ▲1307%; Now £229k
Fixed assets: ▼4%; Now £4.7m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2026 (profit £1.1m), from the Companies House accounts bulk data published Jun 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.