How much does Independent Slate Supplies Limited make?

Independent Slate Supplies Limited reported revenue of £18.8m and £968k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Independent Slate Supplies Limited have?

Independent Slate Supplies Limited reported an average of 28 employees in the year to 31 Mar 2025.

Is Independent Slate Supplies Limited profitable?

Yes — Independent Slate Supplies Limited reported a profit of £968k in the year to 31 Mar 2025.

Company No. 02701916 · Incorporated 30 Mar 1992

Independent Slate Supplies Limited

Registered name: INDEPENDENT SLATE SUPPLIES LIMITED

Part of Mega Slate Limited group

Independent Slate Supplies Limited made £18.8m revenue and £968k profit in the year to 31 Mar 2025. read from filing text

Independent Slate Supplies Limited’s revenue fell 2% to £18.8m in the year to 31 Mar 2025, with £968k profit and 28 employees. The company is classified under “agents involved in the sale of timber and building materials” and is based in Saltash; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46130Agents involved in the sale of timber and building materials

Status: Active
Location: Saltash, South West
Age: 34 yrs · since 1992
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 Mega Slate Limited, a company incorporated in England and Wales with its registered office at 6 Gilson Road, Saltash, Cornwall, PL12 6TW.”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-lightCash flow filed

Revenue

£18.8m

Growth ▼1.5%

Profit

£968k

Growth ▲0.7%

Profit margin

5.1%

Gross 21.1%

Employees

Change ▲7.7%

Profit / employee

£34.6k

Revenue/employee £672k

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£19.5m	£19.5m	£19.1m	£18.8m
Cost of sales	£15.1m	£15.5m	£15.3m	£14.8m
Gross profit	£4.4m	£4m	£3.8m	£4m
Operating profit	£2.3m	£1.6m	£1.3m	£1.3m
Profit before tax	£2.3m	£1.6m	£1.3m	£1.3m
Profit after tax	£1.9m	£1.3m	£962k	£968k
Profit (best available)	£1.9m	£1.3m	£962k	£968k
Staff costs	£1.1m	£1.1m	£1.2m	£1.3m
Employees (average)	24	26	26	28
Ratios
Profit margin	9.5%	6.5%	5%	5.1%
Gross margin	22.7%	20.4%	19.7%	21.1%
Revenue per employee	£813k	£749k	£735k	£672k
Profit per employee	£77.3k	£49k	£37k	£34.6k
Cash conversion	−51.3%	−76.9%	−126.4%	−111.7%
Growth (year on year)
Revenue growth	—	▼0.2%	▼1.9%	▼1.5%
Profit growth	—	▼31.4%	▼24.5%	▲0.7%
Headcount growth	—	▲8.3%	0%	▲7.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£745k	£1m	£1.7m	£1.8m
Net assets	£6.8m	£7.8m	£8.2m	£8.7m
Fixed assets	£34k	£149k	£169k	£325k
Current assets	£9.8m	£10.1m	£10.9m	£11.8m
Debtors	£4.7m	£3.6m	£3.7m	£3.9m
Deferred income	£116k	£76.9k	£126k	£102k
Cash from operations	−£1.2m	−£1.2m	−£1.6m	−£1.4m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 5.1%; Profit ÷ revenue.
Gross margin: 21.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £672k; Revenue ÷ average employees.
Profit per employee: £34.6k; Profit ÷ average employees.
Cash conversion: −111.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.6%; 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: ▲6%; Now £8.7m
Cash at bank: ▲7%; Now £1.8m
Headcount: ▲8%; Now 28
Deferred income: ▼19%; Now £102k
Fixed assets: ▲92%; Now £325k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Mega Slate Limitedultimate parent75–100%
Independent Slate Supplies Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £968k), 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.