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Company No. NI613387 · Incorporated 28 Jun 2012

M. Keys Limited

Registered name: M. KEYS LIMITED

M. Keys Limited made £59.1m revenue and £5.1m profit in the year to 31 Dec 2025.

M. Keys Limited’s revenue fell 4% to £59.1m in the year to 31 Dec 2025, with £5.1m profit and 168 employees. The company is classified under “raising of swine/pigs” and is based in Fivemiletown; we hold 2 years of its filed accounts.

Full P&L filedSection A · Agriculture, forestry and fishingSIC 01460Raising of swine/pigs
Status
Active
Location
Fivemiletown, Northern Ireland
Age
14 yrs · since 2012
Type
Private Limited Company
Latest accounts · year to 31 Dec 2025

Key figures

IndependentCash flow filed
Revenue
£59.1m
Growth ▼4.1%
Profit
£5.1m
Growth ▼32.2%
Profit margin
8.5%
Gross 29.4%
Employees
168
Change ▲12.8%
Profit / employee
£30.1k
Revenue/employee £352k
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 to31 Dec 202431 Dec 2025
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£61.7m£59.1m
Cost of sales£43.3m£41.7m
Gross profit£18.4m£17.4m
Operating profit£9.3m£6.2m
Profit before tax£9m£5.9m
Profit after tax£7.5m£5.1m
Profit (best available)£7.5m£5.1m
Staff costs£5.9m£7.1m
Employees (average)149168
Ratios
Profit margin12.1%8.5%
Gross margin29.8%29.4%
Revenue per employee£414k£352k
Profit per employee£50k£30.1k
Cash conversion128.4%112.9%
Growth (year on year)
Revenue growth—▼4.1%
Profit growth—▼32.2%
Headcount growth—▲12.8%
Balance sheet — indirect signals, not revenue
Cash at bank£7.4m£5.9m
Net assets£29.2m£32.7m
Fixed assets£26.1m£30.8m
Current assets£22m£21.5m
Debtors£3.3m£3.8m
Deferred income£930k£838k
Cash from operations£12m£7m
SourceFullAccounts · bulk data Sep 2026FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
8.5%
Profit ÷ revenue.
Gross margin
29.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£352k
Revenue ÷ average employees.
Profit per employee
£30.1k
Profit ÷ average employees.
Cash conversion
112.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
52.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
1.4%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
6.4%
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
▲12%
Now £32.7m
Cash at bank
▼20%
Now £5.9m
Headcount
▲13%
Now 168
Deferred income
▼10%
Now £838k
Fixed assets
▲18%
Now £30.8m

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

Subsidiaries (6)

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 2025 (profit £5.1m), from the Companies House accounts bulk data published Sep 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.