West Yorkshire Spinners Limited
Registered name: WEST YORKSHIRE SPINNERS LIMITED
Part of Novita Group Oy groupWest Yorkshire Spinners Limited made a £187k loss in the year to 31 Dec 2024 (revenue not disclosed).
West Yorkshire Spinners Limited reported a loss of £187k in the year to 31 Dec 2024; its revenue was not disclosed. It had 69 employees. The company is classified under “preparation and spinning of textile fibres” and is based in Keighley; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Keighley, Yorkshire and The Humber
- 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: “As of 31 March 2025 the company become a subsidiary of Novita Oy, a company registered in Finland. The company is controlled by the Board of Directors of Novita Group Oy.”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | £11.6m | £12.7m | £10.9m | — |
| Cost of sales | £8.7m | £9.7m | £8.3m | £6.2m |
| Gross profit | £2.8m | £2.9m | £2.6m | — |
| Operating profit | £890k | £375k | £89.3k | — |
| Profit before tax | £866k | £330k | £10.1k | −£262k |
| Profit after tax | £579k | £268k | £3k | −£187k |
| Profit (best available) | £579k | £268k | £3k | −£187k |
| Staff costs | £2m | £2m | £2.2m | £1.6m |
| Employees (average) | 72 | 66 | 69 | 69 |
| Ratios | ||||
| Profit margin | 5% | 2.1% | 0% | — |
| Gross margin | 24.3% | 23.2% | 23.8% | — |
| Revenue per employee | £160k | £192k | £158k | — |
| Profit per employee | £8k | £4.1k | £44 | −£2.7k |
| Cash conversion | −90.1% | −226.7% | 67.1% | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲9.8% | ▼13.9% | — |
| Profit growth | — | ▼53.8% | ▼98.9% | — |
| Headcount growth | — | ▼8.3% | ▲4.5% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £540k | £521k | £255k | £435k |
| Net assets | £6.2m | £6.8m | £6.7m | £6.5m |
| Fixed assets | £5.9m | £7m | £7m | £6.9m |
| Current assets | £4.4m | £4.6m | £4.3m | £3.5m |
| Debtors | £488k | £495k | £442k | £420k |
| Deferred income | £131k | £87.7k | £57.5k | £45.3k |
| Cash from operations | −£802k | −£850k | £59.9k | −£394k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jul 2026 |
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
- −£2.7k
- 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.
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 £6.5m
- Cash at bank
- —
- Now £435k
- Headcount
- —
- Now 69
- Deferred income
- —
- Now £45.3k
- Fixed assets
- —
- Now £6.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Novita Group Oy (registered outside the UK register)ultimate parent75–100%
- West Yorkshire Spinners 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).
Similar profitable businesses
- G. Modiano LimitedLondon · Preparation and spinning of textile fibres
- Revenue
- £113m
- Profit
- £2m
- Staff
- 271
- Linear Composites LimitedWitney · Preparation and spinning of textile fibres
- Revenue
- £9.9m
- Profit
- £815k
- Staff
- 35
- Wooltex Spinning Company LimitedHuddersfield · Preparation and spinning of textile fibres
- Revenue
- £8.9m
- Profit
- £414k
- Staff
- 61
- Calder Textiles LimitedThornhill Road · Preparation and spinning of textile fibres
- Revenue
- £13m
- Profit
- £142k
- Staff
- 126
- Morvan & Noel LtdAylesbury · Preparation and spinning of textile fibres
- Revenue
- £128k
- Profit
- £53.1k
- Staff
- 0
- A&e Gütermann (UK) LimitedEdinburgh · Preparation and spinning of textile fibres
- Revenue
- £625k
- Profit
- £44.5k
- Staff
- 3
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£187k), 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.