Olam Food Ingredients UK Limited
Registered name: OLAM FOOD INGREDIENTS UK LIMITED
Part of Minister Of Finance, Singapore groupOlam Food Ingredients UK Limited made £23m revenue and £5.4m profit in the year to 31 Dec 2024.
Olam Food Ingredients UK Limited’s revenue fell 1% to £23m in the year to 31 Dec 2024, with £5.4m profit and 50 employees. The company is classified under “manufacture of oils and fats” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 32 yrs · since 1994
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £19.7m | £21.6m | £23.2m | £23m |
| Cost of sales | £12.4m | £14.2m | −£13.4m | −£11.4m |
| Gross profit | £7.4m | £7.4m | £9.7m | £11.6m |
| Operating profit | £1.8m | £1.7m | £3.3m | £4.1m |
| Profit before tax | £2.4m | £2.2m | £3.8m | £4.7m |
| Profit after tax | £1.8m | £1.5m | £3.5m | £5.4m |
| Profit (best available) | £1.8m | £1.5m | £3.5m | £5.4m |
| Employees (average) | 46 | 48 | 49 | 50 |
| Ratios | ||||
| Profit margin | 9% | 6.7% | 15.2% | 23.6% |
| Gross margin | 37.3% | 34.1% | 42% | 50.5% |
| Revenue per employee | £429k | £450k | £473k | £460k |
| Profit per employee | £38.8k | £30.3k | £71.8k | £108k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲9.5% | ▲7.2% | ▼0.7% |
| Profit growth | — | ▼18.7% | ▲142.3% | ▲54.1% |
| Headcount growth | — | ▲4.3% | ▲2.1% | ▲2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.1m | £535k | — | — |
| Net assets | £26.8m | £28.3m | — | — |
| Fixed assets | £4.2m | £3.8m | — | — |
| Current assets | £23.7m | £25.8m | — | — |
| Debtors | £3.3m | £4.2m | — | — |
| Deferred income | £285k | £239k | — | — |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | Accounts · bulk data Dec 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 23.6%
- Profit ÷ revenue.
- Gross margin
- 50.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £460k
- Revenue ÷ average employees.
- Profit per employee
- £108k
- 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
- ▲2%
- Now 50
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Minister Of Finance, Singapore (registered outside the UK register)ultimate parent50–75%
- Ofi Group Limited75–100%
- Olam International UK Limited75–100%
- Olam Europe Limited75–100%
- Olam Food Ingredients UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Olam Storage and Distribution LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Nortech Foods LimitedDoncaster · Manufacture of oils and fats
- Revenue
- £25.1m
- Profit
- £1.1m
- Staff
- 38
- Quatra UK LtdGreenford · Manufacture of oils and fats
- Revenue
- £16m
- Profit
- £11.6k
- Staff
- 46
- Linergy Group LimitedCo Tyrone · Manufacture of oils and fats
- Revenue
- £11.8m
- Profit
- £230k
- Staff
- 31
- Bensons Products LimitedWidnes · Manufacture of oils and fats
- Revenue
- £10.8m
- Profit
- £196k
- Staff
- 36
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £5.4m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 22 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.