Platts Agriculture Limited
Registered name: PLATTS AGRICULTURE LIMITED
Part of R a & C E Platt Limited groupPlatts Agriculture Limited made £8.6m revenue and £1.3m profit in the year to 30 Apr 2024. read from filing text
Platts Agriculture Limited’s revenue grew 22% to £8.6m in the year to 30 Apr 2024, with £1.3m profit and 31 employees. The company is classified under “other manufacturing” and is based in Llay; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Llay, Wales
- Age
- 46 yrs · since 1980
- 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. From the filing: “The company is a wholly owned subsidiary of R A & C E Platt Limited, which is also the ultimate parent company. The ultimate parent company is registered in England and Wales at Miners Park, Miners Ro”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £6.3m | £7m | £8.6m |
| Cost of sales | £4.5m | £5m | £5.2m |
| Gross profit | £1.7m | £2m | £3.4m |
| Operating profit | £157k | £369k | £1.4m |
| Profit before tax | £137k | £337k | £1.3m |
| Profit after tax | £18.2k | £285k | £1.3m |
| Profit (best available) | £18.2k | £285k | £1.3m |
| Staff costs | £1.9m | £982k | £1.2m |
| Employees (average) | 49 | 31 | 31 |
| Ratios | |||
| Profit margin | 0.3% | 4% | 15.2% |
| Gross margin | 27.7% | 29.2% | 39.9% |
| Revenue per employee | £128k | £227k | £277k |
| Profit per employee | £371 | £9.2k | £42.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲12.1% | ▲22.4% |
| Profit growth | — | ▲1465% | ▲357.9% |
| Headcount growth | — | ▼36.7% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £237k | £371k | £891k |
| Net assets | £2.5m | £2.6m | £2.8m |
| Fixed assets | £2.2m | £2.2m | £2.2m |
| Current assets | £2m | £2.1m | £2.4m |
| Debtors | £511k | £286k | £457k |
| Deferred income | £132k | £118k | £156k |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Apr 2025 |
How the business works
- Profit margin
- 15.2%
- Profit ÷ revenue.
- Gross margin
- 39.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £277k
- Revenue ÷ average employees.
- Profit per employee
- £42.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 25.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5.3%
- 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
- ▲9%
- Now £2.8m
- Cash at bank
- ▲140%
- Now £891k
- Headcount
- 0%
- Now 31
- Deferred income
- ▲33%
- Now £156k
- Fixed assets
- ▲3%
- Now £2.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- R a & C E Platt Limitedultimate parent75–100%
- Platts Agriculture Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Platts Commercial Services LtdFigures not disclosed
- Platts Transport LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Apr 2024 (profit £1.3m), from the Companies House accounts bulk data published Apr 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.