How much does Mtalx Limited make?

Mtalx Limited reported revenue of £297m and £2.7m profit in the year to 30 Nov 2025, according to its accounts filed at Companies House.

How many employees does Mtalx Limited have?

Mtalx Limited reported an average of 33 employees in the year to 30 Nov 2025.

Is Mtalx Limited profitable?

Yes — Mtalx Limited reported a profit of £2.7m in the year to 30 Nov 2025.

Company No. 07166616 · Incorporated 23 Feb 2010

Mtalx Limited

Registered name: MTALX LIMITED

Part of Mtalx Global Holdings Limited group

Mtalx Limited made £297m revenue and £2.7m profit in the year to 30 Nov 2025. read from filing text

Mtalx Limited’s revenue fell 19% to £297m in the year to 30 Nov 2025, with £2.7m profit and 33 employees. The company is classified under “wholesale of metals and metal ores” and is based in Manchester; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46720Wholesale of metals and metal ores

Status: Active
Location: Manchester, North West
Age: 16 yrs · since 2010
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: “At 30 November 2025, the immediate parent undertaking, and also the ultimate parent undertaking in the UK, was Mtalx Global Holdings Limited, an intermediate holding company incorporated in England & ”

Latest accounts · year to 30 Nov 2025

Key figures

Capital-lightCash flow filed

Revenue

£297m

Growth ▼19.2%

Profit

£2.7m

Growth ▼67%

Profit margin

0.9%

Gross 6%

Employees

Change 0%

Profit / employee

£83.2k

Revenue/employee £9m

Profitable streak

4yrs

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	30 Nov 2022	30 Nov 2023	30 Nov 2024	30 Nov 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£407m	£531m	£367m	£297m
Cost of sales	£384m	£513m	£342m	£279m
Gross profit	£22.6m	£18.6m	£25.8m	£17.8m
Operating profit	£14.4m	£11m	£17.3m	£8.8m
Profit before tax	£13.3m	£5.2m	£11.1m	£3.7m
Profit after tax	£10.7m	£4.2m	£8.3m	£2.7m
Profit (best available)	£10.7m	£4.2m	£8.3m	£2.7m
Staff costs	£2.4m	£2.3m	£2.5m	£2.4m
Employees (average)	17	26	33	33
Ratios
Profit margin	2.6%	0.8%	2.3%	0.9%
Gross margin	5.6%	3.5%	7%	6%
Revenue per employee	£23.9m	£20.4m	£11.1m	£9m
Profit per employee	£630k	£162k	£252k	£83.2k
Cash conversion	−23.3%	182%	−13.6%	−277.7%
Growth (year on year)
Revenue growth	—	▲30.6%	▼30.8%	▼19.2%
Profit growth	—	▼60.8%	▲98.1%	▼67%
Headcount growth	—	▲52.9%	▲26.9%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£66.2k	£1.4m	£124k	£2.1m
Net assets	£27.4m	£31.3m	£39.5m	£41.2m
Fixed assets	£648k	£805k	£1.1m	£1.2m
Current assets	£83.9m	£126m	£128m	£103m
Debtors	£24.8m	£62m	£60.2m	£37.7m
Deferred income	£9.1m	£5.2m	£2.6m	£1.8m
Cash from operations	−£3.3m	£20.1m	−£2.3m	−£24.4m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data May 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £9m; Revenue ÷ average employees.
Profit per employee: £83.2k; Profit ÷ average employees.
Cash conversion: −277.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.7%; 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: ▲4%; Now £41.2m
Cash at bank: ▲1615%; Now £2.1m
Headcount: 0%; Now 33
Deferred income: ▼29%; Now £1.8m
Fixed assets: ▲10%; Now £1.2m

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

Mtalx Global Holdings Limitedultimate parent75–100%
Mtalx Limitedthis company

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

Sister companies (2)

Mtalx Agri LtdFigures not disclosed
Mtalx Polymers LtdFigures not disclosed

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £2.7m), from the Companies House accounts bulk data published Aug 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.