How much does Andrew Ingredients Ltd make?

Andrew Ingredients Ltd reported revenue of £25.7m and £1.2m profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Andrew Ingredients Ltd have?

Andrew Ingredients Ltd reported an average of 42 employees in the year to 31 Mar 2023.

Is Andrew Ingredients Ltd profitable?

Yes — Andrew Ingredients Ltd reported a profit of £1.2m in the year to 31 Mar 2023.

Company No. NI007639 · Incorporated 27 Jun 1969

Andrew Ingredients Ltd

Registered name: ANDREW INGREDIENTS LTD

Part of Andrew of Hillsborough Limited group

Andrew Ingredients Ltd made £25.7m revenue and £1.2m profit in the year to 31 Mar 2023.

Andrew Ingredients Ltd’s revenue grew 25% to £25.7m in the year to 31 Mar 2023, with £1.2m profit and 42 employees. The company is classified under “non-specialised wholesale trade” and is based in Lisburn; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active
Location: Lisburn, Northern Ireland
Age: 57 yrs · since 1969
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 31 Mar 2023

Key figures

Capital-lightOperating leverageDoing more with lessCash flow filed

Revenue

£25.7m

Growth ▲25.2%

Profit

£1.2m

Growth ▲53.3%

Profit margin

4.6%

Gross 19.4%

Employees

Change ▼8.7%

Profit / employee

£28k

Revenue/employee £612k

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	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£20.5m	£25.7m
Cost of sales	£16.6m	£20.7m
Gross profit	£3.9m	£5m
Operating profit	£869k	£1.5m
Profit before tax	£864k	£1.5m
Profit after tax	£768k	£1.2m
Profit (best available)	£768k	£1.2m
Staff costs	£1.9m	£2.1m
Employees (average)	46	42
Ratios
Profit margin	3.7%	4.6%
Gross margin	19.2%	19.4%
Revenue per employee	£447k	£612k
Profit per employee	£16.7k	£28k
Cash conversion	−58.3%	−57.6%
Growth (year on year)
Revenue growth	—	▲25.2%
Profit growth	—	▲53.3%
Headcount growth	—	▼8.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£205k	£757k
Net assets	£2.1m	£3.3m
Fixed assets	£418k	£830k
Current assets	£4.8m	£6.2m
Debtors	£3.4m	£4m
Cash from operations	−£506k	−£842k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 4.6%; Profit ÷ revenue.
Gross margin: 19.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £612k; Revenue ÷ average employees.
Profit per employee: £28k; Profit ÷ average employees.
Cash conversion: −57.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.6%; 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: ▲55%; Now £3.3m
Cash at bank: ▲269%; Now £757k
Headcount: ▼9%; Now 42
Deferred income: —; Now —
Fixed assets: ▲99%; Now £830k

Corporate ownership

Group structure

Ownership chain

Andrew of Hillsborough Limitedultimate parent75–100%
Andrew Ingredients Ltdthis company

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

Sister companies (2)

Andrew Foods LimitedFigures not disclosed
Andrew Honeycomb 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 accounts for the year to 31 Mar 2023 (profit £1.2m), from the Companies House accounts bulk data published Dec 2023. 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.