How much does First Grade International Limited make?

First Grade International Limited reported revenue of £88.4m and £2.8m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does First Grade International Limited have?

First Grade International Limited reported an average of 48 employees in the year to 31 Dec 2025.

Is First Grade International Limited profitable?

Yes — First Grade International Limited reported a profit of £2.8m in the year to 31 Dec 2025.

Company No. 04603605 · Incorporated 28 Nov 2002

First Grade International Limited

Registered name: FIRST GRADE INTERNATIONAL LIMITED

First Grade International Limited made £88.4m revenue and £2.8m profit in the year to 31 Dec 2025. read from filing text

First Grade International Limited’s revenue grew 24% to £88.4m in the year to 31 Dec 2025, with £2.8m profit and 48 employees. The company is classified under “wholesale of other food, including fish, crustaceans and molluscs” and is based in Bromsgrove; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46380Wholesale of other food, including fish, crustaceans and molluscs

Status: Active
Location: Bromsgrove, West Midlands
Age: 23 yrs · since 2002
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 controlling party is Madam BG Tay.”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£88.4m

Growth ▲23.9%

Profit

£2.8m

Growth ▼10.9%

Profit margin

3.2%

Gross 10.1%

Employees

Change ▲17.1%

Profit / employee

£58.3k

Revenue/employee £1.8m

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£71.4m	£88.4m
Cost of sales	£60.4m	£79.5m
Gross profit	£11m	£8.9m
Operating profit	£4.6m	£4.1m
Profit before tax	£4.2m	£3.8m
Profit after tax	£3.1m	£2.8m
Profit (best available)	£3.1m	£2.8m
Staff costs	£2.8m	£3m
Employees (average)	41	48
Ratios
Profit margin	4.4%	3.2%
Gross margin	15.4%	10.1%
Revenue per employee	£1.7m	£1.8m
Profit per employee	£76.7k	£58.3k
Cash conversion	−20.8%	−78%
Growth (year on year)
Revenue growth	—	▲23.9%
Profit growth	—	▼10.9%
Headcount growth	—	▲17.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£2.1m
Net assets	£12.4m	£14.7m
Fixed assets	£2.5m	£2.4m
Current assets	£32.2m	£44.7m
Debtors	£13.6m	£16.5m
Deferred income	£2.1m	£1.7m
Cash from operations	−£959k	−£3.2m
Source	FullAccounts · bulk data Sep 2026	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.2%; Profit ÷ revenue.
Gross margin: 10.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.8m; Revenue ÷ average employees.
Profit per employee: £58.3k; Profit ÷ average employees.
Cash conversion: −78%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.7%; 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: ▲19%; Now £14.7m
Cash at bank: ▲31%; Now £2.1m
Headcount: ▲17%; Now 48
Deferred income: ▼18%; Now £1.7m
Fixed assets: ▼1%; Now £2.4m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £2.8m), from the Companies House accounts bulk data published Sep 2026. 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.