How much does MW Encap Limited make?

MW Encap Limited reported revenue of £12.8m and £2.8m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does MW Encap Limited have?

MW Encap Limited reported an average of 96 employees in the year to 31 Dec 2025.

Is MW Encap Limited profitable?

Yes — MW Encap Limited reported a profit of £2.8m in the year to 31 Dec 2025.

Company No. 02886521 · Incorporated 6 Jan 1994

MW Encap Limited

Registered name: MW ENCAP LIMITED

Part of Nextpharma Technologies Limited group

MW Encap Limited made £12.8m revenue and £2.8m profit in the year to 31 Dec 2025.

MW Encap Limited’s revenue grew 14% to £12.8m in the year to 31 Dec 2025, with £2.8m profit and 96 employees. The company is classified under “manufacture of basic pharmaceutical products” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 21100Manufacture of basic pharmaceutical products

Status: Active
Location: London, London
Age: 32 yrs · since 1994
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 Dec 2025

Key figures

Doing more with less

Revenue

£12.8m

Growth ▲13.9%

Profit

£2.8m

Growth —

Profit margin

21.6%

Gross 33%

Employees

Change ▼15.8%

Profit / employee

£28.7k

Revenue/employee £133k

Profitable streak

1yr

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&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13.5m	£11.2m	£12.8m
Cost of sales	£11m	£10m	£8.5m
Gross profit	£2.5m	£1.2m	£4.2m
Operating profit	−£655k	−£827k	£2.3m
Profit before tax	−£124k	−£209k	£2.6m
Profit after tax	−£256k	−£286k	£2.8m
Profit (best available)	−£256k	−£286k	£2.8m
Staff costs	£5.2m	£5.3m	£5.2m
Employees (average)	122	114	96
Ratios
Profit margin	−1.9%	−2.5%	21.6%
Gross margin	18.4%	10.9%	33%
Revenue per employee	£111k	£98.3k	£133k
Profit per employee	−£2.1k	−£2.5k	£28.7k
Growth (year on year)
Revenue growth	—	▼17%	▲13.9%
Headcount growth	—	▼6.6%	▼15.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£1.1m	£2.6m
Net assets	£19.7m	£19.5m	£21.9m
Fixed assets	£7.2m	£6.4m	£10m
Current assets	£16m	£17.5m	£21.9m
Debtors	£3.3m	£2.3m	£2.8m
Deferred income	£747k	£1.4m	£1.1m
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 21.6%; Profit ÷ revenue.
Gross margin: 33%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £133k; Revenue ÷ average employees.
Profit per employee: £28.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 78%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.1%; 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: ▲13%; Now £21.9m
Cash at bank: ▲147%; Now £2.6m
Headcount: ▼16%; Now 96
Deferred income: ▼19%; Now £1.1m
Fixed assets: ▲56%; Now £10m

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

Nextpharma Technologies Limitedultimate parent75–100%
MW Encap (Holdings) Limited75–100%
MW Encap 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).

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 £2.8m), from the Companies House accounts bulk data published Jun 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.