How much does Spel Products make?

Spel Products reported revenue of £11.3m and £2.5m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Spel Products have?

Spel Products reported an average of 67 employees in the year to 31 Dec 2025.

Is Spel Products profitable?

Yes — Spel Products reported a profit of £2.5m in the year to 31 Dec 2025.

Company No. 00787747 · Incorporated 13 Jan 1964

Spel Products

Registered name: SPEL PRODUCTS

Part of Spel Holdings group

Spel Products made £11.3m revenue and £2.5m profit in the year to 31 Dec 2025. read from filing text

Spel Products’s revenue grew 25% to £11.3m in the year to 31 Dec 2025, with £2.5m profit and 67 employees. The company is classified under “manufacture of other plastic products” and is based in Shrewsbury; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22290Manufacture of other plastic products

Status: Active
Location: Shrewsbury, West Midlands
Age: 62 yrs · since 1964
Type: Private Unlimited 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 is SPEL Ltd”

Latest accounts · year to 31 Dec 2025

Key figures

Operating leverage

Revenue

£11.3m

Growth ▲25.4%

Profit

£2.5m

Growth ▲33.8%

Profit margin

22.5%

Gross 57.7%

Employees

Change ▲11.7%

Profit / employee

£38k

Revenue/employee £169k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	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
Profit & loss
Revenue (turnover)	£8.8m	£9m	£11.3m
Cost of sales	£3.7m	£3.6m	£4.8m
Gross profit	£5.1m	£5.4m	£6.5m
Operating profit	£2.5m	£2.4m	£3.3m
Profit before tax	£2.5m	£2.5m	£3.4m
Profit after tax	£1.9m	£1.9m	£2.5m
Profit (best available)	£1.9m	£1.9m	£2.5m
Staff costs	£2.4m	£2.7m	£3m
Employees (average)	57	60	67
Ratios
Profit margin	21.8%	21.1%	22.5%
Gross margin	57.8%	59.8%	57.7%
Revenue per employee	£155k	£151k	£169k
Profit per employee	£33.8k	£31.7k	£38k
Growth (year on year)
Revenue growth	—	▲2.3%	▲25.4%
Profit growth	—	▼1.1%	▲33.8%
Headcount growth	—	▲5.3%	▲11.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.3m	£4.5m	£5.6m
Net assets	£5.9m	£7.5m	£8.1m
Fixed assets	£2.3m	£2.2m	£1.5m
Current assets	£5.9m	£7.4m	£9.4m
Debtors	£536k	£959k	£1.1m
Deferred income	£665k	£595k	£714k
Source	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 22.5%; Profit ÷ revenue.
Gross margin: 57.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £169k; Revenue ÷ average employees.
Profit per employee: £38k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 13.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.9%; 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: ▲8%; Now £8.1m
Cash at bank: ▲25%; Now £5.6m
Headcount: ▲12%; Now 67
Deferred income: ▲20%; Now £714k
Fixed assets: ▼32%; Now £1.5m

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

Spel Holdingsultimate parent75–100%
Spel Ltd75–100%
Spel Productsthis company

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

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £2.5m), from the Companies House accounts bulk data published Aug 2026. 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.