How much does Keynvor Morlift Limited make?

Keynvor Morlift Limited reported revenue of £26.5m and £648k profit in the year to 30 Nov 2024, according to its accounts filed at Companies House.

How many employees does Keynvor Morlift Limited have?

Keynvor Morlift Limited reported an average of 43 employees in the year to 30 Nov 2024.

Is Keynvor Morlift Limited profitable?

Yes — Keynvor Morlift Limited reported a profit of £648k in the year to 30 Nov 2024.

Company No. 06758978 · Incorporated 26 Nov 2008

Keynvor Morlift Limited

Registered name: KEYNVOR MORLIFT LIMITED

Part of Marine Asset Management Limited group

Keynvor Morlift Limited made £26.5m revenue and £648k profit in the year to 30 Nov 2024. read from filing text

Keynvor Morlift Limited’s revenue was £26.5m in the year to 30 Nov 2024, with £648k profit and 43 employees. The company is classified under “other business support service activities” and is based in Falmouth; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Falmouth, South West
Age: 17 yrs · since 2008
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 ultimate parent company is Marine Asset Management Limited, a company incorporated in England & Wales whose registered office is Unit 15 Falmouth Wharves, North Parade, Falmouth, Cornwall, United ”

Latest accounts · year to 30 Nov 2024

Key figures

Cash flow filed

Revenue

£26.5m

Growth —

Profit

£648k

Growth —

Profit margin

2.5%

Gross 12.2%

Employees

Change —

Profit / employee

£15.1k

Revenue/employee £616k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 May 2022	30 Nov 2023	30 Nov 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£20.3m	£30.5m	£26.5m
Cost of sales	£18.5m	£24.2m	£23.2m
Gross profit	£1.8m	£6.3m	£3.2m
Operating profit	£678k	£1.8m	£1.2m
Profit before tax	£466k	£1.4m	£882k
Profit after tax	£436k	£1.4m	£648k
Profit (best available)	£436k	£1.4m	£648k
Employees (average)	34	37	43
Ratios
Profit margin	2.1%	4.5%	2.5%
Gross margin	8.8%	20.7%	12.2%
Revenue per employee	£596k	£825k	£616k
Profit per employee	£12.8k	£37.1k	£15.1k
Cash conversion	−176.1%	−20%	−315%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£209k	£562k
Net assets	£2.7m	£3.6m	£3.7m
Fixed assets	£5.1m	£5.1m	£6m
Current assets	£9.7m	£12.9m	£13.9m
Debtors	£4.2m	£2.9m	£569k
Deferred income	£824k	£5.5m	£3.5m
Cash from operations	−£1.2m	−£366k	−£3.8m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 2.5%; Profit ÷ revenue.
Gross margin: 12.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £616k; Revenue ÷ average employees.
Profit per employee: £15.1k; Profit ÷ average employees.
Cash conversion: −315%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 22.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.1%; 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: —; Now £3.7m
Cash at bank: —; Now £562k
Headcount: —; Now 43
Deferred income: —; Now £3.5m
Fixed assets: —; Now £6m

Corporate ownership

Group structure

Ownership chain

Marine Asset Management Limitedultimate parent75–100%
Keynvor Morlift Limitedthis company

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

Subsidiaries (1)

Fairhaven Shipping Company (UK) LimitedFigures not disclosed

Sister companies (3)

BD 6074 LtdFigures not disclosed
Keynvor Morlift Marine Contractors LtdFigures not disclosed
KML (Scotland) LimitedFigures 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 30 Nov 2024 (profit £648k), from the Companies House accounts bulk data published Apr 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.