How much does Spax UK Limited make?

Spax UK Limited reported revenue of £10.1m and £254k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Spax UK Limited have?

Spax UK Limited reported an average of 22 employees in the year to 31 Dec 2025.

Is Spax UK Limited profitable?

Yes — Spax UK Limited reported a profit of £254k in the year to 31 Dec 2025.

Company No. 03301946 · Incorporated 8 Jan 1997

Spax UK Limited

Registered name: SPAX UK LIMITED

Spax UK Limited made £10.1m revenue and £254k profit in the year to 31 Dec 2025. read from filing text

Spax UK Limited’s revenue fell 8% to £10.1m in the year to 31 Dec 2025, with £254k profit and 22 employees. The company is classified under “non-specialised wholesale trade” and is based in Wolverhampton; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active
Location: Wolverhampton, West Midlands
Age: 29 yrs · since 1997
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 parent undertaking is ABC Finanzierungs-und Beteiligungs GmbH, a company incorporated in Germany, with its registered office at Kölner Strasse 71-77, 58256 Ennepetal, Germany.”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£10.1m

Growth ▼7.8%

Profit

£254k

Growth ▼40.9%

Profit margin

2.5%

Gross 25.1%

Employees

Change ▲10%

Profit / employee

£11.5k

Revenue/employee £460k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	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	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£10.1m	£11.1m	£11m	£10.1m
Cost of sales	£7.2m	£8.1m	£8.3m	£7.6m
Gross profit	£2.9m	£3m	£2.7m	£2.5m
Operating profit	£672k	£767k	£589k	£356k
Profit before tax	£672k	£770k	£590k	£359k
Profit after tax	£533k	£579k	£430k	£254k
Profit (best available)	£533k	£579k	£430k	£254k
Staff costs	£1.2m	£1.2m	£1.2m	£1.2m
Employees (average)	22	22	20	22
Ratios
Profit margin	5.3%	5.2%	3.9%	2.5%
Gross margin	28.9%	26.7%	24.5%	25.1%
Revenue per employee	£460k	£503k	£549k	£460k
Profit per employee	£24.2k	£26.3k	£21.5k	£11.5k
Growth (year on year)
Revenue growth	—	▲9.5%	▼0.9%	▼7.8%
Profit growth	—	▲8.8%	▼25.8%	▼40.9%
Headcount growth	—	0%	▼9.1%	▲10%
Balance sheet — indirect signals, not revenue
Cash at bank	£852k	£111k	£622k	£701k
Net assets	£3.8m	£4m	£4m	£4m
Fixed assets	£602k	£543k	£522k	£454k
Current assets	£4m	£4.9m	£5.3m	£4.9m
Debtors	£1.5m	£3m	£2.5m	£2m
Deferred income	£513k	£771k	£748k	£535k
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 2.5%; Profit ÷ revenue.
Gross margin: 25.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £460k; Revenue ÷ average employees.
Profit per employee: £11.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.5%; 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: ▲1%; Now £4m
Cash at bank: ▲13%; Now £701k
Headcount: ▲10%; Now 22
Deferred income: ▼28%; Now £535k
Fixed assets: ▼13%; Now £454k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £254k), from the Companies House accounts bulk data published Feb 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.