How much does Applegate Homes Limited make?

Applegate Homes Limited reported revenue of £10.4m and £315k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Applegate Homes Limited have?

Applegate Homes Limited reported an average of 11 employees in the year to 31 Mar 2025.

Is Applegate Homes Limited profitable?

Yes — Applegate Homes Limited reported a profit of £315k in the year to 31 Mar 2025.

Company No. 05404276 · Incorporated 24 Mar 2005

Applegate Homes Limited

Registered name: APPLEGATE HOMES LIMITED

Part of Firgate Developments Ltd group

Applegate Homes Limited made £10.4m revenue and £315k profit in the year to 31 Mar 2025. read from filing text

Applegate Homes Limited’s revenue fell 54% to £10.4m in the year to 31 Mar 2025, with £315k profit and 11 employees. The company is classified under “construction of domestic buildings” and is based in Iver; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41202Construction of domestic buildings

Status: Active
Location: Iver, South East
Age: 21 yrs · since 2005
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's parent company is Firgate Developments Limited, a company incorporated in England and Wales. The accounts are available from its registered office Bathurst House, 50 Bathurst Walk, Iver,”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-lightCash flow filed

Revenue

£10.4m

Growth ▼53.9%

Profit

£315k

Growth ▼92.7%

Profit margin

Gross 14.9%

Employees

Change 0%

Profit / employee

£28.6k

Revenue/employee £949k

Profitable streak

3yrs

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	No P&L	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£36.9m	£22.6m	£10.4m
Cost of sales	—	£18.6m	£15.6m	£8.9m
Gross profit	—	£18.3m	£7m	£1.6m
Operating profit	—	£17.1m	£5.7m	£63.4k
Profit before tax	—	£17.1m	£5.8m	£459k
Profit after tax	—	£13.9m	£4.3m	£315k
Profit (best available)	—	£13.9m	£4.3m	£315k
Staff costs	—	£510k	£607k	£661k
Employees (average)	10	10	11	11
Ratios
Profit margin	—	37.7%	19.1%	3%
Gross margin	—	49.5%	31.1%	14.9%
Revenue per employee	—	£3.7m	£2.1m	£949k
Profit per employee	—	£1.4m	£392k	£28.6k
Cash conversion	—	−86.3%	−167.3%	−437.4%
Growth (year on year)
Revenue growth	—	—	▼38.7%	▼53.9%
Profit growth	—	—	▼69%	▼92.7%
Headcount growth	—	0%	▲10%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.3m	£9.2m	£7.9m	£4m
Net assets	£2m	£15.5m	£12.7m	£9.2m
Fixed assets	£29k	£147k	£254k	£162k
Current assets	£15m	£19.9m	£14.8m	£10.1m
Debtors	£0	£1.3m	£1.1m	£1m
Deferred income	—	£25.1k	£21.5k	£21.5k
Cash from operations	—	−£14.8m	−£9.6m	−£277k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 3%; Profit ÷ revenue.
Gross margin: 14.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £949k; Revenue ÷ average employees.
Profit per employee: £28.6k; Profit ÷ average employees.
Cash conversion: −437.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.7%; 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: ▼27%; Now £9.2m
Cash at bank: ▼49%; Now £4m
Headcount: 0%; Now 11
Deferred income: 0%; Now £21.5k
Fixed assets: ▼36%; Now £162k

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

Firgate Developments Ltdultimate parent75–100%
Applegate Homes Limitedthis company

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

Subsidiaries (3)

Chanray LimitedFigures not disclosed
Culpepper (Wentworth) LimitedFigures not disclosed
East House (Wentworth) LtdFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £315k), 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.