How much does Portals Paper Limited make?

Portals Paper Limited reported revenue of £24.5m and £747k profit in the year to 28 Feb 2026, according to its accounts filed at Companies House.

How many employees does Portals Paper Limited have?

Portals Paper Limited reported an average of 118 employees in the year to 28 Feb 2026.

Is Portals Paper Limited profitable?

Yes — Portals Paper Limited reported a profit of £747k in the year to 28 Feb 2026.

Company No. 11001841 · Incorporated 9 Oct 2017

Portals Paper Limited

Registered name: PORTALS PAPER LIMITED

Part of Drewsen Holding Gmbh & Co. Kg group

Portals Paper Limited made £24.5m revenue and £747k profit in the year to 28 Feb 2026.

Portals Paper Limited’s revenue fell 8% to £24.5m in the year to 28 Feb 2026, with £747k profit and 118 employees. The company is classified under “manufacture of paper and paperboard” and is based in Bath; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 17120Manufacture of paper and paperboard

Status: Active
Location: Bath, South West
Age: 9 yrs · since 2017
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: “Drewsen Holding GmbH & Co. KG”

Latest accounts · year to 28 Feb 2026

Key figures

Revenue

£24.5m

Growth ▼7.9%

Profit

£747k

Growth ▼92.6%

Profit margin

Gross 46.5%

Employees

118

Change ▲4.4%

Profit / employee

£6.3k

Revenue/employee £208k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	23 Feb 2025	28 Feb 2026
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£26.6m	£24.5m
Cost of sales	£13.3m	£13.1m
Gross profit	£13.3m	£11.4m
Operating profit	£5.8m	£3.3m
Profit before tax	£12m	£1m
Profit after tax	£10.2m	£747k
Profit (best available)	£10.2m	£747k
Staff costs	£6.4m	£6.6m
Employees (average)	113	118
Ratios
Profit margin	38.2%	3%
Gross margin	50.1%	46.5%
Revenue per employee	£235k	£208k
Profit per employee	£89.9k	£6.3k
Growth (year on year)
Revenue growth	—	▼7.9%
Profit growth	—	▼92.6%
Headcount growth	—	▲4.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.1m	£2.2m
Net assets	−£4.9m	−£4.2m
Fixed assets	£3.8m	£3.6m
Current assets	£10.6m	£10.7m
Debtors	£2.2m	£3.4m
Deferred income	£1.1m	£714k
Source	FullAccounts · bulk data Sep 2026	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3%; Profit ÷ revenue.
Gross margin: 46.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £208k; Revenue ÷ average employees.
Profit per employee: £6.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.7%; 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: —; Now −£4.2m
Cash at bank: ▼28%; Now £2.2m
Headcount: ▲4%; Now 118
Deferred income: ▼37%; Now £714k
Fixed assets: ▼5%; Now £3.6m

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

Drewsen Holding Gmbh & Co. Kg (registered outside the UK register)ultimate parent75–100%
Portals Paper Limitedthis company

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

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2026 (profit £747k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 14 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.