How much does Gulmay Limited make?

Gulmay Limited reported revenue of £13.3m and £539k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Gulmay Limited have?

Gulmay Limited reported an average of 91 employees in the year to 31 Mar 2025.

Is Gulmay Limited profitable?

Yes — Gulmay Limited reported a profit of £539k in the year to 31 Mar 2025.

Company No. 01264416 · Incorporated 22 Jun 1976

Gulmay Limited

Registered name: GULMAY LIMITED

Part of Gulmay Holdings Limited group

Gulmay Limited made £13.3m revenue and £539k profit in the year to 31 Mar 2025. read from filing text

Gulmay Limited’s revenue fell 14% to £13.3m in the year to 31 Mar 2025, with £539k profit and 91 employees. The company is classified under “manufacture of telegraph and telephone apparatus and equipment” and is based in Byfleet; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26301Manufacture of telegraph and telephone apparatus and equipment SIC 32500Manufacture of medical and dental instruments and supplies

Status: Active
Location: Byfleet, London
Age: 50 yrs · since 1976
Type: Private Limited Company

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.

Latest accounts · year to 31 Mar 2025

Key figures

Capital-lightCash flow filed

Revenue

£13.3m

Growth ▼14.5%

Profit

£539k

Growth ▼12.3%

Profit margin

Gross 32.4%

Employees

Change ▼5.2%

Profit / employee

£5.9k

Revenue/employee £146k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£11.2m	£12.6m	£15.6m	£13.3m
Cost of sales	£7.1m	£8.2m	£10.6m	£9m
Gross profit	£4.1m	£4.4m	£5m	£4.3m
Operating profit	£229k	£479k	£592k	£386k
Profit before tax	£228k	£480k	£587k	£381k
Profit after tax	£366k	£542k	£615k	£539k
Profit (best available)	£366k	£542k	£615k	£539k
Staff costs	£4.2m	£4.4m	—	—
Employees (average)	90	93	96	91
Ratios
Profit margin	3.3%	4.3%	4%	4%
Gross margin	36.9%	35.1%	31.8%	32.4%
Revenue per employee	£124k	£135k	£162k	£146k
Profit per employee	£4.1k	£5.8k	£6.4k	£5.9k
Cash conversion	75.9%	−104.6%	−80.3%	−111.1%
Growth (year on year)
Revenue growth	—	▲12.5%	▲23.7%	▼14.5%
Profit growth	—	▲48.2%	▲13.4%	▼12.3%
Headcount growth	—	▲3.3%	▲3.2%	▼5.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£884k	£565k	£134k	£349k
Net assets	£5.8m	£5.3m	£5m	£5.5m
Fixed assets	£1.2m	£1.1m	£979k	£807k
Current assets	£6.8m	£7.4m	£7.3m	£7.2m
Debtors	£740k	£805k	£1.4m	£1.7m
Deferred income	£673k	£807k	£652k	£157k
Cash from operations	£174k	−£501k	−£475k	−£429k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 4%; Profit ÷ revenue.
Gross margin: 32.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £146k; Revenue ÷ average employees.
Profit per employee: £5.9k; Profit ÷ average employees.
Cash conversion: −111.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.8%; 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: ▲11%; Now £5.5m
Cash at bank: ▲161%; Now £349k
Headcount: ▼5%; Now 91
Deferred income: ▼76%; Now £157k
Fixed assets: ▼18%; Now £807k

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

Ownership chain

Gulmay Holdings Limitedultimate parent75–100%
Gulmay Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

West-Tek LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £539k), 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.