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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
99
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 to31 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing textFull 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)12312313099
Ratios
Profit margin−0.2%−0.3%−0.2%0.1%
Gross margin14.6%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—
SourceAccounts · bulk data Sep 2024Accounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025FullAccounts · 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

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

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

Subsidiaries (4)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

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.