How much does N.smith & Company Limited make?

N.smith & Company Limited reported revenue of £10.6m and £625k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does N.smith & Company Limited have?

N.smith & Company Limited reported an average of 68 employees in the year to 31 Mar 2025.

Is N.smith & Company Limited profitable?

Yes — N.smith & Company Limited reported a profit of £625k in the year to 31 Mar 2025.

Company No. 00190120 · Incorporated 22 May 1923

N.smith & Company Limited

Registered name: N.SMITH & COMPANY LIMITED

Part of Goldencress Holdings Ltd group

N.smith & Company Limited made £10.6m revenue and £625k profit in the year to 31 Mar 2025. read from filing text

N.smith & Company Limited’s revenue fell 3% to £10.6m in the year to 31 Mar 2025, with £625k profit and 68 employees. The company is classified under “manufacture of other paper and paperboard containers” and is based in West Midlands; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 17219Manufacture of other paper and paperboard containers

Status: Active
Location: West Midlands, West Midlands
Age: 103 yrs · since 1923
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. From the filing: “The immediate parent undertaking of the company is Goldencress Associates Limited. The ultimate parent undertaking of the company is Goldencress Holdings Ltd. Both companies are registered in England ”

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£10.6m

Growth ▼2.6%

Profit

£625k

Growth ▼9.8%

Profit margin

5.9%

Gross 39.9%

Employees

Change 0%

Profit / employee

£9.2k

Revenue/employee £156k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£9.7m	£11.2m	£10.9m	£10.6m
Cost of sales	£6.4m	£7.1m	£6.7m	£6.4m
Gross profit	£3.3m	£4.2m	£4.2m	£4.2m
Operating profit	£628k	£1.2m	£990k	£872k
Profit before tax	£568k	£1.2m	£880k	£755k
Profit after tax	£510k	£987k	£692k	£625k
Profit (best available)	£510k	£987k	£692k	£625k
Staff costs	£1.4m	£1.6m	£1.8m	—
Employees (average)	67	68	68	68
Ratios
Profit margin	5.3%	8.8%	6.4%	5.9%
Gross margin	34.2%	37.1%	38.3%	39.9%
Revenue per employee	£145k	£165k	£160k	£156k
Profit per employee	£7.6k	£14.5k	£10.2k	£9.2k
Growth (year on year)
Revenue growth	—	▲15.4%	▼3%	▼2.6%
Profit growth	—	▲93.5%	▼29.8%	▼9.8%
Headcount growth	—	▲1.5%	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£261k	£1.2m	£1.1m	£1.2m
Net assets	£3.6m	£4m	£4.1m	£4.1m
Fixed assets	£3.5m	£3.2m	£4.2m	£3.9m
Current assets	£4.4m	£5.1m	£5m	£5.2m
Debtors	£1.9m	£1.8m	£1.8m	£1.8m
Deferred income	£74.5k	£79.5k	£101k	£103k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 5.9%; Profit ÷ revenue.
Gross margin: 39.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £156k; Revenue ÷ average employees.
Profit per employee: £9.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 37.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 17.1%; 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: ▲0%; Now £4.1m
Cash at bank: ▲15%; Now £1.2m
Headcount: 0%; Now 68
Deferred income: ▲2%; Now £103k
Fixed assets: ▼6%; Now £3.9m

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

Goldencress Holdings Ltdultimate parent75–100%
N.smith & Company Limitedthis company

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

Sister companies (1)

Goldencress Associates LimitedRev. £0 · Profit £339k

From the Persons with Significant Control register (corporate controllers 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 £625k), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.

Updated from Companies House on 11 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.