How much does Channel Meats Limited make?

Channel Meats Limited reported revenue of £33.8m and £1.9m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Channel Meats Limited have?

Channel Meats Limited reported an average of 21 employees in the year to 31 Dec 2025.

Is Channel Meats Limited profitable?

Yes — Channel Meats Limited reported a profit of £1.9m in the year to 31 Dec 2025.

Company No. 01998530 · Incorporated 11 Mar 1986

Channel Meats Limited

Registered name: CHANNEL MEATS LIMITED

Channel Meats Limited made £33.8m revenue and £1.9m profit in the year to 31 Dec 2025.

Channel Meats Limited’s revenue was £33.8m in the year to 31 Dec 2025, with £1.9m profit and 21 employees. The company is classified under “wholesale of meat and meat products” and is based in Smithfield; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46320Wholesale of meat and meat products SIC 47220Retail sale of meat and meat products in specialised stores

Status: Active
Location: Smithfield, London
Age: 40 yrs · since 1986
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCash flow filed

Revenue

£33.8m

Growth ▼0.2%

Profit

£1.9m

Growth ▲8.8%

Profit margin

5.6%

Gross 9.6%

Employees

Change ▼8.7%

Profit / employee

£90.1k

Revenue/employee £1.6m

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£34.8m	£35.2m	£33.9m	£33.8m
Cost of sales	£30.9m	£31.2m	£30.4m	£30.6m
Gross profit	£3.9m	£4m	£3.5m	£3.2m
Operating profit	£1.3m	£1.4m	£2.3m	£2.4m
Profit before tax	£7.5m	£1.5m	£2.4m	£2.5m
Profit after tax	£6.1m	£1.1m	£1.7m	£1.9m
Profit (best available)	£6.1m	£1.1m	£1.7m	£1.9m
Staff costs	£1.6m	£1.6m	£1.5m	£1.5m
Employees (average)	24	24	23	21
Ratios
Profit margin	17.4%	3.2%	5.1%	5.6%
Gross margin	11.2%	11.3%	10.3%	9.6%
Revenue per employee	£1.5m	£1.5m	£1.5m	£1.6m
Profit per employee	£253k	£47.4k	£75.7k	£90.1k
Cash conversion	200.4%	−521.1%	−32.3%	−146.9%
Growth (year on year)
Revenue growth	—	▲1.1%	▼3.6%	▼0.2%
Profit growth	—	▼81.2%	▲52.9%	▲8.8%
Headcount growth	—	0%	▼4.2%	▼8.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.4m	£5.6m	£3.9m	£6.6m
Net assets	£10.8m	£11.4m	£10m	£12.2m
Fixed assets	£20.2k	£4.8m	£3.9m	£4.3m
Current assets	£15.1m	£9m	£8.6m	£10.2m
Debtors	£3.1m	£2.3m	£2.5m	£2.4m
Cash from operations	£2.6m	−£7.1m	−£738k	−£3.5m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 5.6%; Profit ÷ revenue.
Gross margin: 9.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.6m; Revenue ÷ average employees.
Profit per employee: £90.1k; Profit ÷ average employees.
Cash conversion: −146.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 12.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.1%; 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: ▲22%; Now £12.2m
Cash at bank: ▲70%; Now £6.6m
Headcount: ▼9%; Now 21
Deferred income: —; Now —
Fixed assets: ▲12%; Now £4.3m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.9m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 23 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.