Admiral Harding Limited
Registered name: ADMIRAL HARDING LIMITED
Admiral Harding Limited made £10.3m revenue and £115k profit in the year to 31 Dec 2025.
Admiral Harding Limited’s revenue fell 6% to £10.3m in the year to 31 Dec 2025, with £115k profit and 53 employees. The company is classified under “non-specialised wholesale trade” and is based in Bristol; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Bristol, South West
- Age
- 21 yrs · since 2005
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £13.9m | £12.4m | £10.9m | £10.3m |
| Cost of sales | £9.7m | £8.6m | £7.4m | £7m |
| Gross profit | £4.3m | £3.7m | £3.5m | £3.3m |
| Operating profit | £727k | £394k | £137k | £158k |
| Profit before tax | £718k | £390k | £136k | £158k |
| Profit after tax | £571k | £297k | £99.6k | £115k |
| Profit (best available) | £571k | £297k | £99.6k | £115k |
| Staff costs | — | £1.7m | £1.8m | £1.7m |
| Employees (average) | 55 | 54 | 56 | 53 |
| Ratios | ||||
| Profit margin | 4.1% | 2.4% | 0.9% | 1.1% |
| Gross margin | 30.5% | 30.2% | 31.9% | 31.7% |
| Revenue per employee | £254k | £229k | £195k | £194k |
| Profit per employee | £10.4k | £5.5k | £1.8k | £2.2k |
| Cash conversion | −49.9% | −184.9% | −18.7% | −317.1% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼11.2% | ▼12% | ▼5.7% |
| Profit growth | — | ▼48% | ▼66.4% | ▲15.9% |
| Headcount growth | — | ▼1.8% | ▲3.7% | ▼5.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £663k | £649k | £624k | £607k |
| Net assets | £1.4m | £1.4m | £1.5m | £1.6m |
| Fixed assets | £193k | £150k | £146k | £138k |
| Current assets | £3.8m | £3.3m | £3m | £2.8m |
| Debtors | £607k | £206k | £159k | £152k |
| Deferred income | £152k | £20.2k | — | — |
| Cash from operations | −£362k | −£728k | −£25.6k | −£502k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 1.1%
- Profit ÷ revenue.
- Gross margin
- 31.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £194k
- Revenue ÷ average employees.
- Profit per employee
- £2.2k
- Profit ÷ average employees.
- Cash conversion
- −317.1%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.5%
- 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
- ▲8%
- Now £1.6m
- Cash at bank
- ▼3%
- Now £607k
- Headcount
- ▼5%
- Now 53
- Deferred income
- —
- Now —
- Fixed assets
- ▼5%
- Now £138k
Similar profitable businesses
- Laidler Steels LimitedWest Midlands · Non-specialised wholesale trade
- Revenue
- £10.3m
- Profit
- £326k
- Staff
- 22
- Vojovo LtdWalsall · Non-specialised wholesale trade
- Revenue
- £10.4m
- Profit
- £1.1m
- Staff
- 17
- Plastics Plus LimitedWolverhampton · Non-specialised wholesale trade
- Revenue
- £10.2m
- Profit
- £31.3k
- Staff
- 40
- Glassworks International LimitedCambridge · Non-specialised wholesale trade
- Revenue
- £10.1m
- Profit
- £486k
- Staff
- 12
- Spax UK LimitedWolverhampton · Non-specialised wholesale trade
- Revenue
- £10.1m
- Profit
- £254k
- Staff
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- Urathon Europe LimitedChippenham · Non-specialised wholesale trade
- Revenue
- £10.5m
- Profit
- £818k
- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £115k), from the Companies House accounts bulk data published Sep 2026. 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.