W.& R. Barnett, Limited
Registered name: W.& R. BARNETT, LIMITED
Part of W&R Barnett Holdings Limited groupW.& R. Barnett, Limited made £1.6bn revenue and £74.9m profit in the year to 31 Jul 2025.
W.& R. Barnett, Limited’s revenue grew 5% to £1.6bn in the year to 31 Jul 2025, with £74.9m profit and 2,342 employees. The company is classified under “raising of horses and other equines” and is based in Belfast; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 102 yrs · since 1924
- 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.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.8bn | £1.6bn | £1.6bn |
| Cost of sales | — | −£1.5bn | −£1.5bn |
| Operating profit | £63.6m | £65.7m | £96.5m |
| Profit before tax | £62.3m | £67.3m | £98.9m |
| Profit after tax | £50.8m | £49.5m | £74.9m |
| Profit (best available) | £50.8m | £49.5m | £74.9m |
| Employees (average) | 1,703 | 1,806 | 2,342 |
| Ratios | |||
| Profit margin | 2.8% | 3.2% | 4.6% |
| Revenue per employee | £1.1m | £868k | £700k |
| Profit per employee | £29.9k | £27.4k | £32k |
| Growth (year on year) | |||
| Revenue growth | — | ▼13.3% | ▲4.5% |
| Profit growth | — | ▼2.5% | ▲51.2% |
| Headcount growth | — | ▲6% | ▲29.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 4.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £700k
- Revenue ÷ average employees.
- Profit per employee
- £32k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲30%
- Now 2,342
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- W&R Barnett Holdings Limitedultimate parent50–75%
- W.& R. Barnett, Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (9)
- Barnett Silos LimitedRev. £8.4m · Profit −£119k
- Brumor LimitedFigures not disclosed
- Ceres (East Midlands) LimitedFigures not disclosed
- Ceres (Ni) LimitedFigures not disclosed
- Ceres 2012 LimitedFigures not disclosed
- Ceres Group LimitedFigures not disclosed
- Ceres PH LimitedFigures not disclosed
- Precision Liquids LimitedFigures not disclosed
- W & R Barnett Trading LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jul 2025 (profit £74.9m), 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.