How much does Courtney & Nelson Limited make?

Courtney & Nelson Limited reported revenue of £22.3m and £1.4m profit in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does Courtney & Nelson Limited have?

Courtney & Nelson Limited reported an average of 32 employees in the year to 31 Jan 2025.

Is Courtney & Nelson Limited profitable?

Yes — Courtney & Nelson Limited reported a profit of £1.4m in the year to 31 Jan 2025.

Company No. NI046240 · Incorporated 16 Apr 2003

Courtney & Nelson Limited

Registered name: COURTNEY & NELSON LIMITED

Part of Verona Advisory Limited group

Courtney & Nelson Limited made £22.3m revenue and £1.4m profit in the year to 31 Jan 2025.

Courtney & Nelson Limited’s revenue grew 11% to £22.3m in the year to 31 Jan 2025, with £1.4m profit and 32 employees. The company is classified under “agents involved in the sale of food, beverages and tobacco” and is based in Belfast; we hold 3 years of its filed accounts.

Full profit & loss filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46170Agents involved in the sale of food, beverages and tobacco

Status: Active
Location: Belfast, Northern Ireland
Age: 23 yrs · since 2003
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 Jan 2025

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£22.3m

Growth ▲10.7%

Profit

£1.4m

Growth ▲113.4%

Profit margin

6.3%

Gross 17.5%

Employees

Change 0%

Profit / employee

£43.7k

Revenue/employee £696k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Jan 2025
Disclosure	Profit & lossread from filing text	Profit & loss	Profit & loss
Profit & loss
Revenue (turnover)	£17.8m	£20.1m	£22.3m
Cost of sales	£15.4m	£17.3m	£18.4m
Gross profit	£2.4m	£2.8m	£3.9m
Operating profit	£593k	£927k	£1.8m
Profit before tax	£603k	£993k	£1.9m
Profit after tax	£473k	£656k	£1.4m
Profit (best available)	£473k	£656k	£1.4m
Staff costs	£1.2m	£1.2m	£1.3m
Employees (average)	33	32	32
Ratios
Profit margin	2.6%	3.3%	6.3%
Gross margin	13.6%	13.8%	17.5%
Revenue per employee	£541k	£629k	£696k
Profit per employee	£14.3k	£20.5k	£43.7k
Cash conversion	−131.5%	−151.5%	36.7%
Growth (year on year)
Revenue growth	—	▲12.8%	▲10.7%
Profit growth	—	▲38.6%	▲113.4%
Headcount growth	—	▼3%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.8m	£3.7m	£3.5m
Net assets	£5.7m	£6.1m	£7.4m
Fixed assets	£1.9m	£1.7m	£1.9m
Current assets	£5.6m	£6.6m	£7.6m
Debtors	£918k	£1m	£1.2m
Deferred income	£128k	£173k	£92.6k
Cash from operations	−£780k	−£1.4m	£647k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 6.3%; Profit ÷ revenue.
Gross margin: 17.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £696k; Revenue ÷ average employees.
Profit per employee: £43.7k; Profit ÷ average employees.
Cash conversion: 36.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.6%; 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: ▲21%; Now £7.4m
Cash at bank: ▼5%; Now £3.5m
Headcount: 0%; Now 32
Deferred income: ▼47%; Now £92.6k
Fixed assets: ▲8%; Now £1.9m

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

Verona Advisory Limitedultimate parent75–100%
Courtney & Nelson 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

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £1.4m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.