Garthwest Limited
Registered name: GARTHWEST LIMITED
Garthwest Limited made £8.5m revenue and £531k profit in the year to 31 Mar 2025.
Garthwest Limited’s revenue fell 4% to £8.5m in the year to 31 Mar 2025, with £531k profit and 50 employees. The company is classified under “manufacture of other paper and paperboard containers” and is based in Hull; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Hull, Yorkshire and The Humber
- Age
- 61 yrs · since 1964
- 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) | £11.4m | £10.5m | £8.9m | £8.5m |
| Cost of sales | £8.5m | £7.3m | £5.9m | £5.7m |
| Gross profit | £2.9m | £3.2m | £3m | £2.8m |
| Operating profit | £947k | £1.3m | £945k | £618k |
| Profit before tax | £742k | £1.1m | £745k | £467k |
| Profit after tax | £546k | £800k | £697k | £531k |
| Profit (best available) | £546k | £800k | £697k | £531k |
| Staff costs | £1.9m | £1.9m | £2m | — |
| Employees (average) | 64 | 55 | 50 | 50 |
| Ratios | ||||
| Profit margin | 4.8% | 7.6% | 7.8% | 6.2% |
| Gross margin | 25.6% | 30.9% | 33.8% | 32.6% |
| Revenue per employee | £179k | £191k | £178k | £170k |
| Profit per employee | £8.5k | £14.5k | £13.9k | £10.6k |
| Cash conversion | 104.8% | 35.7% | 91.5% | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼8% | ▼15.4% | ▼4.4% |
| Profit growth | — | ▲46.4% | ▼12.9% | ▼23.8% |
| Headcount growth | — | ▼14.1% | ▼9.1% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £352k | £246k | £102k | £89.1k |
| Net assets | £1.3m | £2m | £2.6m | £3m |
| Fixed assets | £6m | £5.8m | £5.6m | £5.6m |
| Current assets | £2.4m | £2.1m | £1.6m | £1.6m |
| Debtors | £1.6m | £1.5m | £1.3m | £1.1m |
| Deferred income | £252k | £128k | £156k | — |
| Cash from operations | £992k | £471k | £864k | — |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 6.2%
- Profit ÷ revenue.
- Gross margin
- 32.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £170k
- Revenue ÷ average employees.
- Profit per employee
- £10.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 66%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.5%
- 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
- ▲13%
- Now £3m
- Cash at bank
- ▼13%
- Now £89.1k
- Headcount
- 0%
- Now 50
- Deferred income
- —
- Now —
- Fixed assets
- ▲1%
- Now £5.6m
Similar profitable businesses
- Fibre Drums LimitedHaydock · Manufacture of other paper and paperboard containers
- Revenue
- £8.8m
- Profit
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- Staff
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- Kingston Carton Company Limited(The)East Yorkshire · Manufacture of other paper and paperboard containers
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- N.smith & Company LimitedWest Midlands · Manufacture of other paper and paperboard containers
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- £10.6m
- Profit
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- Manchester Paper Box (1964) LimitedStockport · Manufacture of other paper and paperboard containers
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- £10.6m
- Profit
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- Sandland Packaging LimitedBilston · Manufacture of other paper and paperboard containers
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- £10.9m
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- Jacob Beatus LimitedRhondda · Manufacture of other paper and paperboard containers
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £531k), from the Companies House accounts bulk data published Dec 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.