Reeve the Baker Limited
Registered name: REEVE THE BAKER LIMITED
Part of Piper Pe LLP groupReeve the Baker Limited made £11.7m revenue and £1.3m profit in the year to 30 Sep 2025.
Reeve the Baker Limited’s revenue grew 9% to £11.7m in the year to 30 Sep 2025, with £1.3m profit and 208 employees. The company is classified under “manufacture of bread; manufacture of fresh pastry goods and cakes” and is based in Salisbury; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Salisbury, South West
- Age
- 39 yrs · since 1987
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £10.8m | £11.7m |
| Cost of sales | — | — | £2.2m | £2.3m |
| Gross profit | — | — | £8.5m | £9.4m |
| Profit before tax | — | — | £1.5m | £1.8m |
| Profit after tax | — | — | £1.1m | £1.3m |
| Profit (best available) | — | — | £1.1m | £1.3m |
| Staff costs | — | — | £4.6m | £5.1m |
| Employees (average) | 171 | 181 | 199 | 208 |
| Ratios | ||||
| Profit margin | — | — | 10.3% | 11.4% |
| Gross margin | — | — | 79.2% | 80.6% |
| Revenue per employee | — | — | £54k | £56.4k |
| Profit per employee | — | — | £5.5k | £6.4k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲9.1% |
| Profit growth | — | — | — | ▲21.3% |
| Headcount growth | — | ▲5.9% | ▲9.9% | ▲4.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.2m | £861k | £567k | £267k |
| Net assets | £2.5m | £1.3m | £1.5m | £1.1m |
| Fixed assets | £1.2m | £1.5m | £2.1m | £2m |
| Current assets | £2.7m | £1.4m | £1.1m | £954k |
| Debtors | £0 | £10.4k | £0 | £331k |
| Cash from operations | — | — | −£2.1m | −£2m |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 11.4%
- Profit ÷ revenue.
- Gross margin
- 80.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £56.4k
- Revenue ÷ average employees.
- Profit per employee
- £6.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 16.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.8%
- Money owed by customers. Low = customers pay quickly.
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
- ▼25%
- Now £1.1m
- Cash at bank
- ▼53%
- Now £267k
- Headcount
- ▲5%
- Now 208
- Deferred income
- —
- Now —
- Fixed assets
- ▼8%
- Now £2m
Group structure
Ownership chain
- Piper Pe LLPultimate parent75–100%
- Piper Pe GP Company VII Limited50–75%
- Piper VII GP LLP75–100%
- RTB Topco Ltd75–100%
- RTB Midco Ltd75–100%
- RTB Bidco Ltd75–100%
- Reeve the Baker Limitedthis 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).
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £1.3m), from the Companies House accounts bulk data published Jan 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.