MM Freight Ltd
Registered name: MM FREIGHT LTD
MM Freight Ltd made £45.1m revenue and £1.3m profit in the year to 31 Dec 2025.
MM Freight Ltd’s revenue grew 8% to £45.1m in the year to 31 Dec 2025, with £1.3m profit and 4 employees. The company is classified under “freight transport by road” and is based in Lurgan; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Lurgan, Northern Ireland
- Age
- 14 yrs · since 2012
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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. From the filing: “Michael McLernon”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £21.3m | £34.1m | £41.5m | £45.1m |
| Cost of sales | £19.3m | £30.4m | £37.9m | £41m |
| Gross profit | £2.1m | £3.6m | £3.6m | £4m |
| Operating profit | £571k | £2.2m | £1.6m | £1.7m |
| Profit before tax | £515k | £2m | £1.3m | £1.4m |
| Profit after tax | £486k | £1.2m | £1.3m | £1.3m |
| Profit (best available) | £486k | £1.2m | £1.3m | £1.3m |
| Staff costs | £633k | £184k | £127k | £160k |
| Employees (average) | 12 | 4 | 2 | 4 |
| Ratios | ||||
| Profit margin | 2.3% | 3.5% | 3.1% | 2.9% |
| Gross margin | 9.6% | 10.7% | 8.7% | 9% |
| Revenue per employee | £1.8m | £8.5m | £20.8m | £11.3m |
| Profit per employee | £40.5k | £299k | £639k | £324k |
| Cash conversion | −76.7% | 165.6% | 84.7% | 132.9% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲59.9% | ▲21.9% | ▲8.5% |
| Profit growth | — | ▲146.7% | ▲6.7% | ▲1.4% |
| Headcount growth | — | ▼66.7% | ▼50% | ▲100% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £6.7k | £17.7k | £14.6k | £99k |
| Net assets | £1.8m | £3m | £4.3m | £5.6m |
| Fixed assets | £4.1m | £8m | £7.4m | £7.7m |
| Current assets | £8.2m | £11.2m | £12m | £13.5m |
| Debtors | £6.7m | £8.6m | £8.4m | £9.5m |
| Deferred income | £601k | £293k | £1.1m | £1.2m |
| Cash from operations | −£438k | £3.6m | £1.3m | £2.3m |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 2.9%
- Profit ÷ revenue.
- Gross margin
- 9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £11.3m
- Revenue ÷ average employees.
- Profit per employee
- £324k
- Profit ÷ average employees.
- Cash conversion
- 132.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 17.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 21.2%
- 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
- ▲30%
- Now £5.6m
- Cash at bank
- ▲579%
- Now £99k
- Headcount
- ▲100%
- Now 4
- Deferred income
- ▲8%
- Now £1.2m
- Fixed assets
- ▲4%
- Now £7.7m
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
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.3m), 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.