Westexe Forklifts Holdings Limited
Registered name: WESTEXE FORKLIFTS HOLDINGS LIMITED
Westexe Forklifts Holdings Limited made £12.9m revenue and £174k profit in the year to 31 Mar 2025.
Westexe Forklifts Holdings Limited’s revenue grew 20% to £12.9m in the year to 31 Mar 2025, with £174k profit and 69 employees. The company is classified under “activities of other holding companies” and is based in Woodbury Salterton; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Woodbury Salterton, South West
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £12.2m | £10.7m | £12.9m |
| Cost of sales | £9.3m | £8.2m | £9.9m |
| Gross profit | £2.9m | £2.5m | £2.9m |
| Operating profit | £1.1m | £366k | £944k |
| Profit before tax | £1m | £289k | £913k |
| Profit after tax | £174k | £174k | £174k |
| Profit (best available) | £174k | £174k | £174k |
| Staff costs | £2.3m | £2.9m | £2.9m |
| Employees (average) | 58 | 65 | 69 |
| Ratios | |||
| Profit margin | 1.4% | 1.6% | 1.4% |
| Gross margin | 23.6% | 23.6% | 22.9% |
| Revenue per employee | £211k | £165k | £187k |
| Profit per employee | £3k | £2.7k | £2.5k |
| Cash conversion | 54.5% | 239.9% | 206.5% |
| Growth (year on year) | |||
| Revenue growth | — | ▼12.2% | ▲19.9% |
| Profit growth | — | 0% | 0% |
| Headcount growth | — | ▲12.1% | ▲6.2% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £772k | £599k | £2m |
| Net assets | £60 | £60 | £60 |
| Fixed assets | £3.2m | £3.2m | £2.2m |
| Current assets | £3.5m | £3.3m | £4.2m |
| Debtors | £1.6m | £1.5m | £1.2m |
| Cash from operations | £585k | £878k | £1.9m |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | FullAccounts · bulk data Jul 2025 |
How the business works
- Profit margin
- 1.4%
- Profit ÷ revenue.
- Gross margin
- 22.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £187k
- Revenue ÷ average employees.
- Profit per employee
- £2.5k
- Profit ÷ average employees.
- Cash conversion
- 206.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 17.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 9%
- 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
- 0%
- Now £60
- Cash at bank
- ▲238%
- Now £2m
- Headcount
- ▲6%
- Now 69
- Deferred income
- —
- Now —
- Fixed assets
- ▼30%
- Now £2.2m
Group structure
Subsidiaries (1)
- Westexe Forklifts LimitedRev. £12.9m · Profit £809k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £174k), from the Companies House accounts bulk data published Jul 2025. 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.