TRS Wholesale Co. Limited
Registered name: TRS WHOLESALE CO. LIMITED
Part of Exponent Private Equity (Holdings) LLP groupTRS Wholesale Co. Limited made £54.8m revenue and £17.8m profit in the year to 31 Dec 2025.
TRS Wholesale Co. Limited’s revenue grew 7% to £54.8m in the year to 31 Dec 2025, with £17.8m profit. The company is classified under “non-specialised wholesale of food, beverages and tobacco” and is based in Watford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Watford
- Age
- 39 yrs · since 1987
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £43.2m | £51m | £54.8m |
| Cost of sales | −£32m | −£39.9m | −£35.1m |
| Gross profit | £11.2m | £11m | £19.7m |
| Operating profit | £10.8m | £8.5m | £16.9m |
| Profit before tax | £10.8m | £8.5m | £17.8m |
| Profit after tax | £10.8m | £8.5m | £17.8m |
| Profit (best available) | £10.8m | £8.5m | £17.8m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 25% | 16.7% | 32.5% |
| Gross margin | 25.9% | 21.6% | 35.9% |
| Growth (year on year) | |||
| Revenue growth | — | ▲17.9% | ▲7.4% |
| Profit growth | — | ▼21.1% | ▲108.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 32.5%
- Profit ÷ revenue.
- Gross margin
- 35.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Exponent Private Equity (Holdings) LLPultimate parent75–100%
- Exponent Private Equity GP (Second Member) Limited75–100%
- Exponent Private Equity Partners GP IV LLP75–100%
- Vibrant Topco Limited75–100%
- Vibrant Debtco Limited75–100%
- Vibrant Debtco 2 Limited75–100%
- Vibrant Midco Limited75–100%
- Vibrant Foods Limited75–100%
- TRS Wholesale Co. Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (7)
- Cashew Newco LimitedFigures not disclosed
- East End Foods Holdings LimitedFigures not disclosed
- East End Foods LimitedFigures not disclosed
- Everest Dairies LimitedFigures not disclosed
- Fudco LimitedFigures not disclosed
- Narottam TM LtdFigures not disclosed
- TRS Cash & Carry LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £17.8m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 25 Oct 2026