Westone Wholesale Limited
Registered name: WESTONE WHOLESALE LIMITED
Part of Kite UK Topco Limited groupWestone Wholesale Limited made £35.4m revenue and £918k profit in the year to 31 Oct 2024.
Westone Wholesale Limited’s revenue grew 13% to £35.4m in the year to 31 Oct 2024, with £918k profit and 10 employees. The company is classified under “wholesale of sugar and chocolate and sugar confectionery” and is based in North Shields; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- North Shields
- Age
- 43 yrs · since 1983
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £24.7m | £31.4m | £35.4m |
| Cost of sales | −£22.9m | −£29.1m | −£32.7m |
| Gross profit | £1.8m | £2.3m | £2.7m |
| Operating profit | £523k | £859k | £1.3m |
| Profit before tax | £493k | £832k | £1.2m |
| Profit after tax | £399k | £644k | £918k |
| Profit (best available) | £399k | £644k | £918k |
| Employees (average) | 6 | 11 | 10 |
| Ratios | |||
| Profit margin | 1.6% | 2.1% | 2.6% |
| Gross margin | 7.3% | 7.4% | 7.6% |
| Revenue per employee | £4.1m | £2.9m | £3.5m |
| Profit per employee | £66.5k | £58.6k | £91.8k |
| Growth (year on year) | |||
| Revenue growth | — | ▲27.1% | ▲12.7% |
| Profit growth | — | ▲61.5% | ▲42.5% |
| Headcount growth | — | ▲83.3% | ▼9.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Apr 2024 | Accounts · bulk data Apr 2024 | Accounts · bulk data Mar 2025 |
How the business works
- Profit margin
- 2.6%
- Profit ÷ revenue.
- Gross margin
- 7.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £3.5m
- Revenue ÷ average employees.
- Profit per employee
- £91.8k
- 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
- ▼9%
- Now 10
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Kite UK Topco Limitedultimate parent75–100%
- Kite UK Midco Limited75–100%
- Kite UK Bidco Limited75–100%
- Kitwave Group Limited75–100%
- Kitwave Investments Limited75–100%
- Kitwave One Limited75–100%
- Kitwave Limited75–100%
- Westone Wholesale Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (11)
- Automatic Retailing (Northern) LimitedFigures not disclosed
- Creed Catering Supplies LimitedFigures not disclosed
- David Miller Frozen Foods LimitedFigures not disclosed
- Eden Farm LimitedFigures not disclosed
- F.W. Bishop & Son LimitedFigures not disclosed
- H B Clark Holdings LimitedFigures not disclosed
- M.& M.value LimitedFigures not disclosed
- M.J. Baker Foodservice LimitedFigures not disclosed
- Squirrels UK LimitedFigures not disclosed
- Turner & Wrights LimitedFigures not disclosed
- Westcountry Food Holdings LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Oct 2024 (profit £918k), from the Companies House accounts bulk data published Mar 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 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.