Hull Cartridge Company Limited
Registered name: HULL CARTRIDGE COMPANY LIMITED
Hull Cartridge Company Limited made £22.4m revenue and £1.1m profit in the year to 31 Mar 2025.
Hull Cartridge Company Limited’s revenue grew 14% to £22.4m in the year to 31 Mar 2025, with £1.1m profit and 49 employees. The company is classified under “manufacture of weapons and ammunition” and is based in Kingston Upon Hull; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Kingston Upon Hull, Yorkshire and The Humber
- Age
- 41 yrs · since 1984
- 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) | £18m | £17.9m | £19.7m | £22.4m |
| Cost of sales | £12.4m | £13.2m | £14.9m | £16.8m |
| Gross profit | £5.6m | £4.7m | £4.8m | £5.6m |
| Operating profit | £1.7m | £865k | £726k | £1.3m |
| Profit before tax | £1.7m | £919k | £831k | £1.5m |
| Profit after tax | £1.4m | £787k | £697k | £1.1m |
| Profit (best available) | £1.4m | £787k | £697k | £1.1m |
| Staff costs | £2.6m | £2.7m | £2.8m | £3m |
| Employees (average) | 40 | 43 | 44 | 49 |
| Ratios | ||||
| Profit margin | 7.6% | 4.4% | 3.5% | 4.8% |
| Gross margin | 30.9% | 26.2% | 24.2% | 24.9% |
| Revenue per employee | £450k | £417k | £447k | £457k |
| Profit per employee | £34.4k | £18.3k | £15.8k | £21.9k |
| Cash conversion | −35.1% | 49.7% | −77% | −71.5% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼0.5% | ▲9.6% | ▲14% |
| Profit growth | — | ▼42.9% | ▼11.3% | ▲54% |
| Headcount growth | — | ▲7.5% | ▲2.3% | ▲11.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £4.7m | £3.6m | £3.3m | £4.3m |
| Net assets | £9.8m | £10.6m | £11.3m | £12.3m |
| Fixed assets | £1.1m | £1.3m | £2m | £1.8m |
| Current assets | £11.7m | £12.5m | £12.8m | £14m |
| Debtors | £1.8m | £2m | £1.9m | £2m |
| Cash from operations | −£608k | £430k | −£560k | −£950k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 4.8%
- Profit ÷ revenue.
- Gross margin
- 24.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £457k
- Revenue ÷ average employees.
- Profit per employee
- £21.9k
- Profit ÷ average employees.
- Cash conversion
- −71.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 8.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.7%
- 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
- ▲10%
- Now £12.3m
- Cash at bank
- ▲29%
- Now £4.3m
- Headcount
- ▲11%
- Now 49
- Deferred income
- —
- Now —
- Fixed assets
- ▼9%
- Now £1.8m
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £1.1m), 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.