How much does Duo Operations Limited make?

Duo Operations Limited reported revenue of £74.5m and £4.7m profit in the year to 30 Sep 2025, according to its accounts filed at Companies House.

How many employees does Duo Operations Limited have?

Duo Operations Limited reported an average of 104 employees in the year to 30 Sep 2025.

Is Duo Operations Limited profitable?

Yes — Duo Operations Limited reported a profit of £4.7m in the year to 30 Sep 2025.

Company No. 07505341 · Incorporated 25 Jan 2011

Duo Operations Limited

Registered name: DUO OPERATIONS LIMITED

Part of PT McWilliams Group Ltd group

Duo Operations Limited made £74.5m revenue and £4.7m profit in the year to 30 Sep 2025.

Duo Operations Limited’s revenue was £74.5m in the year to 30 Sep 2025, with £4.7m profit and 104 employees. The company is classified under “wholesale of other machinery and equipment” and is based in Coventry; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46690Wholesale of other machinery and equipment

Status: Active
Location: Coventry, West Midlands
Age: 15 yrs · since 2011
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.

Latest accounts · year to 30 Sep 2025

Key figures

Cash flow filed

Revenue

£74.5m

Growth —

Profit

£4.7m

Growth —

Profit margin

6.4%

Gross 25.6%

Employees

104

Change —

Profit / employee

£45.6k

Revenue/employee £716k

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	30 Jun 2022	30 Jun 2023	30 Jun 2024	30 Sep 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£62m	£92.6m	£76m	£74.5m
Cost of sales	£54.9m	£77.9m	£59.2m	£55.5m
Gross profit	£7.1m	£14.7m	£16.8m	£19m
Operating profit	−£155k	£8.4m	£10.8m	£10m
Profit before tax	−£982k	£3.8m	£5.5m	£4.6m
Profit after tax	−£982k	£3.8m	£4.6m	£4.7m
Profit (best available)	−£982k	£3.8m	£4.6m	£4.7m
Staff costs	£10.2m	£8.6m	£7m	£8.7m
Employees (average)	181	146	113	104
Ratios
Profit margin	−1.6%	4.1%	6%	6.4%
Gross margin	11.4%	15.8%	22.1%	25.6%
Revenue per employee	£343k	£634k	£673k	£716k
Profit per employee	−£5.4k	£26.2k	£40.7k	£45.6k
Cash conversion	—	−69.5%	−69.5%	−204.9%
Growth (year on year)
Revenue growth	—	▲49.3%	▼17.9%	—
Profit growth	—	—	▲20.2%	—
Headcount growth	—	▼19.3%	▼22.6%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£38.7k	£883k	£1.5m	£11m
Net assets	£1.5m	£5.4m	£9.9m	£14.7m
Fixed assets	£1.9m	£1.7m	£9.3m	£14.5m
Current assets	£31.5m	£38.1m	£36.1m	£43.1m
Debtors	£13.5m	£4.2m	£5m	£6m
Deferred income	£4.5m	£5m	£2.5m	£9.2m
Cash from operations	£457k	−£5.8m	−£7.5m	−£20.4m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Jan 2026

Derived from the latest filing

How the business works

Profit margin: 6.4%; Profit ÷ revenue.
Gross margin: 25.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £716k; Revenue ÷ average employees.
Profit per employee: £45.6k; Profit ÷ average employees.
Cash conversion: −204.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 12.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.1%; 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 £14.7m
Cash at bank: —; Now £11m
Headcount: —; Now 104
Deferred income: —; Now £9.2m
Fixed assets: —; Now £14.5m

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

PT McWilliams Group Ltdultimate parent75–100%
Duo Group (U.K.) Ltd75–100%
Duo Operations Limitedthis company

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

Subsidiaries (3)

Duo Site Services LimitedFigures not disclosed
Excav8 LimitedFigures not disclosed
Hercules Trommels 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 Sep 2025 (profit £4.7m), from the Companies House accounts bulk data published Jan 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.