How much does Spe Ventures Limited make?

Spe Ventures Limited reported revenue of £0 and a loss of £105k in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Spe Ventures Limited have?

Spe Ventures Limited reported an average of 0 employees in the year to 31 Mar 2024.

Is Spe Ventures Limited profitable?

No — Spe Ventures Limited reported a loss of £105k in the year to 31 Mar 2024.

Company No. 02538982 · Incorporated 12 Sep 1990

Spe Ventures Limited

Registered name: SPE VENTURES LIMITED

Part of Society Of Petroleum Engineers Inc. group

Spe Ventures Limited made £0 revenue and a £105k loss in the year to 31 Mar 2024.

Spe Ventures Limited’s revenue fell 100% to £0 in the year to 31 Mar 2024, with a loss of £105k and 0 employees. The company is classified under “other professional, scientific and technical activities” and is based in Westminster; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Westminster, London
Age: 36 yrs · since 1990
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 31 Mar 2024

Key figures

Small team

Revenue

£0

Growth ▼100%

Profit

−£105k

Growth —

Profit margin

—

Employees

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.8m	£0
Cost of sales	£1.7m	£56.3k
Gross profit	£68k	−£56.3k
Operating profit	−£198k	−£105k
Profit before tax	−£198k	−£105k
Profit after tax	−£198k	−£105k
Profit (best available)	−£198k	−£105k
Employees (average)	0	0
Ratios
Profit margin	−11.2%	—
Gross margin	3.8%	—
Growth (year on year)
Revenue growth	—	▼100%
Balance sheet — indirect signals, not revenue
Cash at bank	£398k	£16.9k
Net assets	−£2m	−£2.1m
Fixed assets	£0	£0
Current assets	£679k	£27.3k
Debtors	£199k	£0
Deferred income	£73.1k	£17.1k
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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 −£2.1m
Cash at bank: ▼96%; Now £16.9k
Headcount: —; Now 0
Deferred income: ▼77%; Now £17.1k
Fixed assets: —; Now £0

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

Society Of Petroleum Engineers Inc. (registered outside the UK register)ultimate parent75–100%
Spe Ventures 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

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£105k), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.

Updated from Companies House on 15 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.