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Company No. NI618471 · Incorporated 17 May 2013

Gourmet Island Ltd

Registered name: GOURMET ISLAND LTD

Gourmet Island Ltd made £12.2m revenue and £459k profit in the year to 31 Dec 2024. read from filing text

Gourmet Island Ltd’s revenue fell 3% to £12.2m in the year to 31 Dec 2024, with £459k profit and 46 employees. The company is classified under “processing and preserving of meat” and is based in Newry; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10110Processing and preserving of meat
Status
Active
Location
Newry, Northern Ireland
Age
13 yrs · since 2013
Type
Private Limited Company
Latest accounts · year to 31 Dec 2024

Key figures

IndependentCash flow filed
Revenue
£12.2m
Growth ▼3.1%
Profit
£459k
Growth ▼10.2%
Profit margin
3.8%
Gross 21.3%
Employees
46
Change ▲17.9%
Profit / employee
£10k
Revenue/employee £266k
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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Nov 202231 Dec 202331 Dec 2024
DisclosureNo P&LFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)—£12.6m£12.2m
Cost of sales—£10.1m£9.6m
Gross profit—£2.5m£2.6m
Operating profit—£860k£724k
Profit before tax—£751k£658k
Profit after tax—£511k£459k
Profit (best available)—£511k£459k
Staff costs—£1.3m£1.5m
Employees (average)393946
Ratios
Profit margin—4.1%3.8%
Gross margin—20.1%21.3%
Revenue per employee—£323k£266k
Profit per employee—£13.1k£10k
Cash conversion—−128.5%−194.4%
Growth (year on year)
Revenue growth——▼3.1%
Profit growth——▼10.2%
Headcount growth—0%▲17.9%
Balance sheet — indirect signals, not revenue
Cash at bank£7.1k£5k£373k
Net assets£2.3m£2.8m£3.3m
Fixed assets£3.2m£3.9m£4.3m
Current assets£4.6m£4.2m£4.6m
Debtors£1.4m£1.6m£1.5m
Deferred income—£261k£277k
Cash from operations—−£1.1m−£1.4m
SourceFullAccounts · bulk data Jul 2024FullAccounts · bulk data Jul 2024FullAccounts · bulk data Jul 2025
Derived from the latest filing

How the business works

Profit margin
3.8%
Profit ÷ revenue.
Gross margin
21.3%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£266k
Revenue ÷ average employees.
Profit per employee
£10k
Profit ÷ average employees.
Cash conversion
−194.4%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
35.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
2.3%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
12%
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
▲16%
Now £3.3m
Cash at bank
▲7351%
Now £373k
Headcount
▲18%
Now 46
Deferred income
▲6%
Now £277k
Fixed assets
▲10%
Now £4.3m

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 31 Dec 2024 (profit £459k), from the Companies House accounts bulk data published Jul 2025. 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.