How much does Spellman High Voltage Electronics Limited. make?

Spellman High Voltage Electronics Limited. reported revenue of £44.9m and £4.8m profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Spellman High Voltage Electronics Limited. have?

Spellman High Voltage Electronics Limited. reported an average of 209 employees in the year to 31 Mar 2026.

Is Spellman High Voltage Electronics Limited. profitable?

Yes — Spellman High Voltage Electronics Limited. reported a profit of £4.8m in the year to 31 Mar 2026.

Company No. 02329112 · Incorporated 16 Dec 1988

Spellman High Voltage Electronics Limited.

Registered name: SPELLMAN HIGH VOLTAGE ELECTRONICS LIMITED.

Spellman High Voltage Electronics Limited. made £44.9m revenue and £4.8m profit in the year to 31 Mar 2026. read from filing text

Spellman High Voltage Electronics Limited.’s revenue fell 7% to £44.9m in the year to 31 Mar 2026, with £4.8m profit and 209 employees. The company is classified under “manufacture of electronic components” and is based in Pulborough; we hold 5 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26110Manufacture of electronic components SIC 26301Manufacture of telegraph and telephone apparatus and equipment SIC 33140Repair of electrical equipment SIC 61900Other telecommunications activities

Status: Active
Location: Pulborough, South East
Age: 37 yrs · since 1988
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 company is Start Spellman Holdings Limited, a company registered in Broomers Park, Broomers Hill Lane, Pulborough, West Sussex, United Kingdom, RH20 2RY. Start Spellman Holdings L”

Latest accounts · year to 31 Mar 2026

Key figures

Capital-light

Revenue

£44.9m

Growth ▼6.5%

Profit

£4.8m

Growth ▼21.1%

Profit margin

10.7%

Gross 33.7%

Employees

209

Change ▼1.9%

Profit / employee

£22.9k

Revenue/employee £215k

Profitable streak

5yrs

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Mar 2026
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	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£38.8m	£49.5m	£52.4m	£48m	£44.9m
Cost of sales	£27.8m	£34.4m	£35m	£31.7m	£29.7m
Gross profit	£11m	£15.1m	£17.4m	£16.3m	£15.1m
Operating profit	£4.4m	£7.3m	£9.3m	£7.6m	£6m
Profit before tax	£4.4m	£7.3m	£9.4m	£7.6m	£6m
Profit after tax	£3.6m	£6m	£6.9m	£6.1m	£4.8m
Profit (best available)	£3.6m	£6m	£6.9m	£6.1m	£4.8m
Staff costs	£8.3m	£9.1m	£10.1m	£10.8m	£11.1m
Employees (average)	172	174	197	213	209
Ratios
Profit margin	9.2%	12.1%	13.3%	12.6%	10.7%
Gross margin	28.4%	30.6%	33.1%	34%	33.7%
Revenue per employee	£226k	£285k	£266k	£225k	£215k
Profit per employee	£20.8k	£34.5k	£35.3k	£28.4k	£22.9k
Growth (year on year)
Revenue growth	—	▲27.6%	▲5.8%	▼8.3%	▼6.5%
Profit growth	—	▲67.5%	▲15.7%	▼12.8%	▼21.1%
Headcount growth	—	▲1.2%	▲13.2%	▲8.1%	▼1.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.9m	£1.9m	£2.2m	£3.6m	£4.4m
Net assets	£13.1m	£16.6m	£18.2m	£19m	£16.3m
Fixed assets	£1.8m	£1.8m	£2m	£2.3m	£2.4m
Current assets	£19.5m	£23.1m	£23.6m	£23.5m	£20.4m
Debtors	£4.7m	£5.5m	£6.9m	£6.7m	£4.5m
Deferred income	£1.1m	£846k	£1.6m	£716k	£762k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 10.7%; Profit ÷ revenue.
Gross margin: 33.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £215k; Revenue ÷ average employees.
Profit per employee: £22.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10%; 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: ▼14%; Now £16.3m
Cash at bank: ▲23%; Now £4.4m
Headcount: ▼2%; Now 209
Deferred income: ▲7%; Now £762k
Fixed assets: ▲7%; Now £2.4m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £4.8m), from the Companies House accounts bulk data published Jul 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.