How much does Keith Spicer Limited make?

Keith Spicer Limited reported revenue of £18m and £16.9k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Keith Spicer Limited have?

Keith Spicer Limited reported an average of 99 employees in the year to 31 Dec 2025.

Is Keith Spicer Limited profitable?

Yes — Keith Spicer Limited reported a profit of £16.9k in the year to 31 Dec 2025.

Company No. 00348565 · Incorporated 18 Jan 1939

Keith Spicer Limited

Registered name: KEITH SPICER LIMITED

Part of Harris Freeman 1981 Llc group

Keith Spicer Limited made £18m revenue and £16.9k profit in the year to 31 Dec 2025. read from filing text

Keith Spicer Limited’s revenue fell 15% to £18m in the year to 31 Dec 2025, with £16.9k profit and 99 employees. The company is classified under “tea processing” and is based in Wimborne; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10831Tea processing

Status: Active
Location: Wimborne, South West
Age: 87 yrs · since 1939
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 is Harris Freeman Asia Limited, a company registered in the British Virgin Islands. The ultimate parent undertaking is Harris Freeman & Co. Inc, registered in the United States of”

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£18m

Growth ▼15%

Profit

£16.9k

Growth —

Profit margin

0.1%

Gross 18.4%

Employees

Change ▼23.8%

Profit / employee

£171

Revenue/employee £182k

Profitable streak

1yr

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 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)	£17.4m	£21.5m	£21.2m	£18m
Cost of sales	£14.9m	£18.3m	£17.3m	£14.7m
Gross profit	£2.5m	£3.2m	£3.9m	£3.3m
Operating profit	£7.2k	£649k	£795k	£789k
Profit before tax	−£282k	−£61.3k	−£53.1k	£9.9k
Profit after tax	−£38.6k	−£61.3k	−£48.8k	£16.9k
Profit (best available)	−£38.6k	−£61.3k	−£48.8k	£16.9k
Staff costs	—	£4.9m	£5.5m	£4.5m
Employees (average)	123	123	130	99
Ratios
Profit margin	−0.2%	−0.3%	−0.2%	0.1%
Gross margin	14.6%	14.9%	18.3%	18.4%
Revenue per employee	£142k	£175k	£163k	£182k
Profit per employee	−£314	−£498	−£376	£171
Cash conversion	−3442%	−4.2%	−121.8%	—
Growth (year on year)
Revenue growth	—	▲23.8%	▼1.4%	▼15%
Headcount growth	—	0%	▲5.7%	▼23.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£427k	£838k	£292k	£551k
Net assets	−£802k	−£1.2m	−£1.2m	−£1.3m
Fixed assets	£5.7m	£5.4m	£5.3m	£6.9m
Current assets	£10.1m	£9.8m	£9.3m	£8.6m
Debtors	£2.6m	£3.7m	£3.1m	£2.5m
Deferred income	£137k	£316k	£269k	£744k
Cash from operations	−£249k	−£27k	−£967k	—
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 0.1%; Profit ÷ revenue.
Gross margin: 18.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £182k; Revenue ÷ average employees.
Profit per employee: £171; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 38.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.8%; 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: —; Now −£1.3m
Cash at bank: ▲89%; Now £551k
Headcount: ▼24%; Now 99
Deferred income: ▲176%; Now £744k
Fixed assets: ▲31%; Now £6.9m

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

Harris Freeman 1981 Llc (registered outside the UK register)ultimate parent75–100%
Keith Spicer Limitedthis company

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

Subsidiaries (4)

Big T (Tea) LimitedFigures not disclosed
Dorset Tea LimitedFigures not disclosed
ST. James's Teas LimitedFigures not disclosed
Tea India LtdFigures not disclosed

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 Dec 2025 (profit £16.9k), from the Companies House accounts bulk data published Sep 2026. 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.