Profit and loss

Line item	2017-04-30	2018-04-30	2019-04-30	2020-04-30	2021-04-30	2022-04-30	2023-04-30	2023-12-31	2024-12-31	2025-12-31
Revenue / turnover	9,066,530	8,904,235	8,312,008	7,112,224	10,464,003	11,281,783	–	–	–	–
Gross profit	4,211,140	3,778,725	3,747,308	3,383,200	6,078,642	6,870,560	–	–	–	–
Operating profit	3,290,845	12,107	237,311	1,909,745	2,868,714	2,840,259	–	–	–	–
Profit before tax	3,290,969	5,407	118,779	1,815,469	2,835,802	2,837,471	–	–	–	–
Tax charge / (credit)	80,050	44,501	21,478	167,300	547,156	555,496	225,181	158,281	-41,389	–
Profit after tax	3,210,919	-39,094	97,301	1,648,169	2,288,646	2,281,975	1,011,921	353,509	-654,070	–

Line item

2017-04-30

2018-04-30

2019-04-30

2020-04-30

2021-04-30

2022-04-30

2023-04-30

2023-12-31

2024-12-31

2025-12-31

Revenue / turnover

9,066,530

8,904,235

8,312,008

7,112,224

10,464,003

11,281,783

–

Gross profit

4,211,140

3,778,725

3,747,308

3,383,200

6,078,642

6,870,560

–

Operating profit

3,290,845

12,107

237,311

1,909,745

2,868,714

2,840,259

–

Profit before tax

3,290,969

5,407

118,779

1,815,469

2,835,802

2,837,471

–

Tax charge / (credit)

80,050

44,501

21,478

167,300

547,156

555,496

225,181

158,281

-41,389

–

Profit after tax

3,210,919

-39,094

97,301

1,648,169

2,288,646

2,281,975

1,011,921

353,509

-654,070

–

Balance sheet

Line item	2017-04-30	2018-04-30	2019-04-30	2020-04-30	2021-04-30	2022-04-30	2023-04-30	2023-12-31	2024-12-31	2025-12-31
Total fixed / non-current assets	1,377,442	1,250,609	1,778,898	1,006,723	943,548	880,395	897,987	881,340	766,070	726,437
Current assets	13,076,852	8,950,444	8,807,363	9,316,605	10,738,333	13,264,557	–	–	11,513,678	11,119,120
Cash at bank	4,084,502	390,134	2,575	1,041,854	2,448,729	3,951,435	453,496	768,279	1,515,179	1,850,293
Creditors < 1 year (current liabilities)	1,206,530	1,810,237	2,709,709	2,901,882	1,965,189	2,146,729	–	–	2,176,739	3,348,034
Net current assets	11,870,322	7,140,207	6,097,654	6,414,723	8,773,144	11,117,829	–	–	9,336,939	7,771,086
Creditors > 1 year (non-current liabilities)	0	2,791,840	2,114,275	–	–	–	–	–	2,393,168	1,713,318
Net assets	13,247,764	5,598,976	5,696,277	7,344,446	9,633,092	11,915,067	–	8,620,286	7,762,866	6,784,205
Total equity	13,247,764	5,598,976	5,696,277	7,344,446	9,633,092	11,915,067	–	8,620,286	7,762,866	6,784,205

Line item

2017-04-30

2018-04-30

2019-04-30

2020-04-30

2021-04-30

2022-04-30

2023-04-30

2023-12-31

2024-12-31

2025-12-31

Total fixed / non-current assets

1,377,442

1,250,609

1,778,898

1,006,723

943,548

880,395

897,987

881,340

766,070

726,437

Current assets

13,076,852

8,950,444

8,807,363

9,316,605

10,738,333

13,264,557

–

11,513,678

11,119,120

Cash at bank

4,084,502

390,134

2,575

1,041,854

2,448,729

3,951,435

453,496

768,279

1,515,179

1,850,293

Creditors < 1 year (current liabilities)

1,206,530

1,810,237

2,709,709

2,901,882

1,965,189

2,146,729

–

2,176,739

3,348,034

Net current assets

11,870,322

7,140,207

6,097,654

6,414,723

8,773,144

11,117,829

–

9,336,939

7,771,086

Creditors > 1 year (non-current liabilities)

2,791,840

2,114,275

–

2,393,168

1,713,318

Net assets

13,247,764

5,598,976

5,696,277

7,344,446

9,633,092

11,915,067

–

8,620,286

7,762,866

6,784,205

Total equity

13,247,764

5,598,976

5,696,277

7,344,446

9,633,092

11,915,067

–

8,620,286

7,762,866

6,784,205

Cash flow

Line item	2017-04-30	2018-04-30	2019-04-30	2020-04-30	2021-04-30	2022-04-30	2023-04-30	2023-12-31	2024-12-31	2025-12-31
Net cash from operating activities	84,868	486,725	-154,741	-504,826	2,894,116	1,588,722	–	–	–	–
Net cash from investing activities	3,132,788	-17,720	636,105	-2,624,639	-133,913	-192,163	–	–	–	–
Net cash from financing activities	0	-4,163,373	-55,987	2,052,368	-1,449,940	106,146	–	–	–	–
Free cash flow	-94,525	443,408	-800,737	-861,217	2,710,519	1,430,717	–	–	–	–

Line item

2017-04-30

2018-04-30

2019-04-30

2020-04-30

2021-04-30

2022-04-30

2023-04-30

2023-12-31

2024-12-31

2025-12-31

Net cash from operating activities

84,868

486,725

-154,741

-504,826

2,894,116

1,588,722

–

Net cash from investing activities

3,132,788

-17,720

636,105

-2,624,639

-133,913

-192,163

–

Net cash from financing activities

-4,163,373

-55,987

2,052,368

-1,449,940

106,146

–

Free cash flow

-94,525

443,408

-800,737

-861,217

2,710,519

1,430,717

–

Ratios

Ratio	2017-04-30	2018-04-30	2019-04-30	2020-04-30	2021-04-30	2022-04-30	2023-04-30	2023-12-31	2024-12-31	2025-12-31
Revenue growth	-7.1%	-1.8%	-6.7%	-14.4%	47.1%	7.8%	–	–	–	–
Gross margin	46.4%	42.4%	45.1%	47.6%	58.1%	60.9%	–	–	–	–
Operating margin	36.3%	0.1%	2.9%	26.9%	27.4%	25.2%	–	–	–	–
Net margin	35.4%	-0.4%	1.2%	23.2%	21.9%	20.2%	–	–	–	–
Return on equity	27.6%	-0.4%	1.7%	25.3%	27.0%	21.2%	–	6.2%	-8.0%	–
Return on capital employed	24.8%	0.1%	3.0%	25.7%	29.5%	23.7%	–	–	–	–
Return on invested capital (ROIC)	35.4%	0.1%	2.7%	20.4%	31.0%	30.2%	–	–	–	–
Current ratio	10.84×	4.94×	3.25×	3.21×	5.46×	6.18×	–	–	5.29×	3.32×
Gearing (debt / equity)	–	–	0.62×	0.20×	–	0.00×	–	0.36×	0.29×	0.00×
Effective tax rate	2.4%	823.0%	18.1%	9.2%	19.3%	19.6%	–	–	–	–

Ratio

2017-04-30

2018-04-30

2019-04-30

2020-04-30

2021-04-30

2022-04-30

2023-04-30

2023-12-31

2024-12-31

2025-12-31

Revenue growth

-7.1%

-1.8%

-6.7%

-14.4%

47.1%

7.8%

–

Gross margin

46.4%

42.4%

45.1%

47.6%

58.1%

60.9%

–

Operating margin

36.3%

0.1%

2.9%

26.9%

27.4%

25.2%

–

Net margin

35.4%

-0.4%

1.2%

23.2%

21.9%

20.2%

–

Return on equity

27.6%

-0.4%

1.7%

25.3%

27.0%

21.2%

–

6.2%

-8.0%

–

Return on capital employed

24.8%

0.1%

3.0%

25.7%

29.5%

23.7%

–

Return on invested capital (ROIC)

35.4%

0.1%

2.7%

20.4%

31.0%

30.2%

–

Current ratio

10.84×

4.94×

3.25×

3.21×

5.46×

6.18×

–

5.29×

3.32×

Gearing (debt / equity)

–

0.62×

0.20×

–

0.00×

–

0.36×

0.29×

0.00×

Effective tax rate

2.4%

823.0%

18.1%

9.2%

19.3%

19.6%

–

Dig into any UK company's accounts

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Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
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I.Grunwerg Limited (00541251)

Profit and loss

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Ratios

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