How much does Mulgrew Haulage Limited make?

Mulgrew Haulage Limited reported revenue of £53m and £471k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Mulgrew Haulage Limited have?

Mulgrew Haulage Limited reported an average of 332 employees in the year to 31 Mar 2025.

Is Mulgrew Haulage Limited profitable?

Yes — Mulgrew Haulage Limited reported a profit of £471k in the year to 31 Mar 2025.

Company No. NI038151 · Incorporated 15 Mar 2000

Mulgrew Haulage Limited

Registered name: MULGREW HAULAGE LIMITED

Mulgrew Haulage Limited made £53m revenue and £471k profit in the year to 31 Mar 2025. read from filing text

Mulgrew Haulage Limited’s revenue grew 15% to £53m in the year to 31 Mar 2025, with £471k profit and 332 employees. The company is classified under “operation of warehousing and storage facilities for land transport activities” and is based in Dromore; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 52103Operation of warehousing and storage facilities for land transport activities

Status: Active
Location: Dromore, Northern Ireland
Age: 26 yrs · since 2000
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentBoring industryCash flow filed

Revenue

£53m

Growth ▲15%

Profit

£471k

Growth ▼78.9%

Profit margin

0.9%

Gross 22.2%

Employees

332

Change ▲14.5%

Profit / employee

£1.4k

Revenue/employee £160k

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 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£46.1m	£53m
Cost of sales	£34m	£41.2m
Gross profit	£12.1m	£11.8m
Operating profit	£3.6m	£1.4m
Profit before tax	£3.1m	£693k
Profit after tax	£2.2m	£471k
Profit (best available)	£2.2m	£471k
Staff costs	£14.1m	£17.4m
Employees (average)	290	332
Ratios
Profit margin	4.8%	0.9%
Gross margin	26.3%	22.2%
Revenue per employee	£159k	£160k
Profit per employee	£7.7k	£1.4k
Cash conversion	−208.3%	−534.4%
Growth (year on year)
Revenue growth	—	▲15%
Profit growth	—	▼78.9%
Headcount growth	—	▲14.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.6m	£3.5m
Net assets	£13.3m	£13.4m
Fixed assets	£22.4m	£28.1m
Current assets	£17.3m	£16.9m
Debtors	£11.4m	£12.7m
Deferred income	£1.3m	£1.4m
Cash from operations	−£7.5m	−£7.7m
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 22.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £160k; Revenue ÷ average employees.
Profit per employee: £1.4k; Profit ÷ average employees.
Cash conversion: −534.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 53.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 23.9%; 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: ▲1%; Now £13.4m
Cash at bank: ▼37%; Now £3.5m
Headcount: ▲14%; Now 332
Deferred income: ▲2%; Now £1.4m
Fixed assets: ▲26%; Now £28.1m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £471k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 23 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.