Doherty & Gray Limited
Registered name: DOHERTY & GRAY LIMITED
Doherty & Gray Limited made £54m revenue and a £10.7k loss in the year to 31 Mar 2025.
Doherty & Gray Limited’s revenue grew 18% to £54m in the year to 31 Mar 2025, with a loss of £10.7k and 92 employees. The company is classified under “processing and preserving of meat” and is based in Ballymena; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Ballymena, Northern Ireland
- Age
- 26 yrs · since 2000
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £41.7m | £45.7m | £45.8m | £54m |
| Cost of sales | £39.8m | £44.1m | £43.8m | £52m |
| Gross profit | £1.9m | £1.6m | £2m | £2.1m |
| Operating profit | £613k | £65.3k | £290k | £389k |
| Profit before tax | £468k | −£184k | −£97.2k | £6.9k |
| Profit after tax | £442k | −£41.1k | −£102k | −£10.7k |
| Profit (best available) | £442k | −£41.1k | −£102k | −£10.7k |
| Staff costs | £2.8m | £2.9m | £3.1m | £3.4m |
| Employees (average) | 90 | 86 | 91 | 92 |
| Ratios | ||||
| Profit margin | 1.1% | −0.1% | −0.2% | 0% |
| Gross margin | 4.7% | 3.5% | 4.4% | 3.8% |
| Revenue per employee | £464k | £531k | £503k | £587k |
| Profit per employee | £4.9k | −£478 | −£1.1k | −£116 |
| Cash conversion | 5.9% | 283.7% | 378.1% | −99.9% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲9.4% | ▲0.2% | ▲18.1% |
| Profit growth | — | ▼109.3% | — | — |
| Headcount growth | — | ▼4.4% | ▲5.8% | ▲1.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £304k | £277k | £304k | £280k |
| Net assets | £3.9m | £4m | £3.9m | £4m |
| Fixed assets | £3.3m | £3.4m | £3.4m | £3.4m |
| Current assets | £8.7m | £8.7m | £8.5m | £10.3m |
| Debtors | £5.6m | £5.4m | £5.1m | £6.2m |
| Cash from operations | £35.9k | £185k | £1.1m | −£388k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- 3.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £587k
- Revenue ÷ average employees.
- Profit per employee
- −£116
- Profit ÷ average employees.
- Cash conversion
- −99.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.5%
- Money owed by customers. Low = customers pay quickly.
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 £4m
- Cash at bank
- ▼8%
- Now £280k
- Headcount
- ▲1%
- Now 92
- Deferred income
- —
- Now —
- Fixed assets
- ▲1%
- Now £3.4m
Group structure
Subsidiaries (1)
- Hull's of Ballymena LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£10.7k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.