Gray Material Handling (Inverness) Limited
Registered name: GRAY MATERIAL HANDLING (INVERNESS) LIMITED
Part of TDR Capital LLP groupGray Material Handling (Inverness) Limited made £3.1m revenue and £293k profit in the year to 31 Dec 2025.
Gray Material Handling (Inverness) Limited’s revenue fell 2% to £3.1m in the year to 31 Dec 2025, with £293k profit and 9 employees. The company is classified under “renting and leasing of trucks and other heavy vehicles” and is based in Inverness; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Inverness
- Age
- 29 yrs · since 1997
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £3m | £3.2m | £3.1m |
| Cost of sales | −£2.5m | −£2.5m | −£2.5m |
| Gross profit | £478k | £736k | £629k |
| Operating profit | £381k | £530k | £433k |
| Profit before tax | £380k | £528k | £422k |
| Profit after tax | £279k | £392k | £293k |
| Profit (best available) | £279k | £392k | £293k |
| Employees (average) | 8 | 8 | 9 |
| Ratios | |||
| Profit margin | 9.2% | 12.3% | 9.3% |
| Gross margin | 15.9% | 23.1% | 20% |
| Revenue per employee | £377k | £399k | £349k |
| Profit per employee | £34.8k | £49k | £32.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲5.8% | ▼1.5% |
| Profit growth | — | ▲40.8% | ▼25.4% |
| Headcount growth | — | 0% | ▲12.5% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 9.3%
- Profit ÷ revenue.
- Gross margin
- 20%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £349k
- Revenue ÷ average employees.
- Profit per employee
- £32.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲13%
- Now 9
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- TDR Capital LLPultimate parent75–100%
- TDR Capital Nominees 2021 Limited50–75%
- Corpacq Group Limited75–100%
- Corpacq Holdings Limited75–100%
- Corpacq Midco Limited75–100%
- Corpacq Limited75–100%
- Corpacq Finance Limited75–100%
- Caledonia Materials Handling Limited75–100%
- MHS Group (Holdings) Limited75–100%
- Gray Material Handling (Inverness) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Gray Development Company LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £293k), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 18 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.