How much does Staples (Vegetables) Limited make?

Staples (Vegetables) Limited reported revenue of £170m and £4.9m profit in the year to 5 Apr 2025, according to its accounts filed at Companies House.

How many employees does Staples (Vegetables) Limited have?

Staples (Vegetables) Limited reported an average of 1,277 employees in the year to 5 Apr 2025.

Is Staples (Vegetables) Limited profitable?

Yes — Staples (Vegetables) Limited reported a profit of £4.9m in the year to 5 Apr 2025.

Company No. 00504587 · Incorporated 19 Feb 1952

Staples (Vegetables) Limited

Registered name: STAPLES (VEGETABLES) LIMITED

Part of Vectis Midco 2 Limited group

Staples (Vegetables) Limited made £170m revenue and £4.9m profit in the year to 5 Apr 2025.

Staples (Vegetables) Limited’s revenue grew 12% to £170m in the year to 5 Apr 2025, with £4.9m profit and 1,277 employees. The company is classified under “other processing and preserving of fruit and vegetables” and is based in Sibsey, Boston; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10390Other processing and preserving of fruit and vegetables SIC 49410Freight transport by road

Status: Active
Location: Sibsey, Boston, East of England
Age: 74 yrs · since 1952
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 5 Apr 2025

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£170m

Growth ▲12.1%

Profit

£4.9m

Growth ▲50%

Profit margin

2.9%

Gross 11.3%

Employees

1,277

Change ▲2.2%

Profit / employee

£3.8k

Revenue/employee £133k

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	5 Apr 2022	5 Apr 2023	5 Apr 2024	5 Apr 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£126m	£131m	£151m	£170m
Cost of sales	£108m	£115m	£134m	£150m
Gross profit	£18.4m	£16.1m	£17.5m	£19.1m
Operating profit	£2.2m	£1.6m	£2.4m	£2.7m
Profit before tax	£2m	£1.3m	£2.2m	£2.3m
Profit after tax	£1.7m	£1.1m	£3.3m	£4.9m
Profit (best available)	£1.7m	£1.1m	£3.3m	£4.9m
Staff costs	£35.9m	£39.9m	£44m	£50.9m
Employees (average)	1,205	1,211	1,250	1,277
Ratios
Profit margin	1.3%	0.8%	2.2%	2.9%
Gross margin	14.6%	12.3%	11.6%	11.3%
Revenue per employee	£105k	£109k	£121k	£133k
Profit per employee	£1.4k	£911	£2.6k	£3.8k
Cash conversion	−410.6%	−695.9%	−5.7%	−385.8%
Growth (year on year)
Revenue growth	—	▲4.3%	▲15.1%	▲12.1%
Profit growth	—	▼33.7%	▲196.6%	▲50%
Headcount growth	—	▲0.5%	▲3.2%	▲2.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£191k	£5.3m	£2.6m	£18.8m
Net assets	£14.5m	£14.6m	£17.2m	£22.1m
Fixed assets	£16.2m	£15.5m	£15.1m	£15.1m
Current assets	£19.1m	£25.5m	£28.6m	£46.8m
Debtors	£15.3m	£16m	£20.1m	£20.7m
Deferred income	£641k	£580k	£552k	£827k
Cash from operations	−£8.9m	−£11.2m	−£139k	−£10.4m
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 2.9%; Profit ÷ revenue.
Gross margin: 11.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £133k; Revenue ÷ average employees.
Profit per employee: £3.8k; Profit ÷ average employees.
Cash conversion: −385.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.2%; 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: ▲29%; Now £22.1m
Cash at bank: ▲622%; Now £18.8m
Headcount: ▲2%; Now 1,277
Deferred income: ▲50%; Now £827k
Fixed assets: ▲0%; Now £15.1m

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

Vectis Midco 2 Limitedultimate parent75–100%
Vectis Midco 3 Limited75–100%
Vectis Bidco Limited75–100%
Staples (Vegetables) Limitedthis company

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

Sister companies (1)

Staples Brothers LimitedRev. £77.6m · Profit £17m

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 5 Apr 2025 (profit £4.9m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.