Cepac Limited
Registered name: CEPAC LIMITED
Cepac Limited made £111m revenue and £648k profit in the year to 31 Dec 2025.
Cepac Limited’s revenue fell 5% to £111m in the year to 31 Dec 2025, with £648k profit and 450 employees. The company is classified under “manufacture of other paper and paperboard containers” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 29 yrs · since 1997
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £134m | £126m | £117m | £111m |
| Cost of sales | £94.9m | £82m | £76.7m | £71.9m |
| Gross profit | £38.6m | £44.1m | £39.8m | £39.3m |
| Operating profit | £8m | £7.2m | £1.6m | £938k |
| Profit before tax | £7.9m | £6.9m | £1.3m | £797k |
| Profit after tax | £6.3m | £5.2m | £760k | £648k |
| Profit (best available) | £6.3m | £5.2m | £760k | £648k |
| Staff costs | £23.9m | £26.1m | £25.4m | £25.7m |
| Employees (average) | 525 | 525 | 455 | 450 |
| Ratios | ||||
| Profit margin | 4.7% | 4.1% | 0.7% | 0.6% |
| Gross margin | 28.9% | 35% | 34.2% | 35.4% |
| Revenue per employee | £254k | £240k | £256k | £247k |
| Profit per employee | £12.1k | £10k | £1.7k | £1.4k |
| Cash conversion | 89.9% | 152.4% | 571.8% | 1067% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼5.5% | ▼7.6% | ▼4.6% |
| Profit growth | — | ▼17.4% | ▼85.5% | ▼14.8% |
| Headcount growth | — | 0% | ▼13.3% | ▼1.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £9.9m | £4.5m | £7.2m | £4.9m |
| Net assets | £61.7m | £65.9m | £64.9m | £63.7m |
| Fixed assets | £29.3m | £45.4m | £47.8m | £46.6m |
| Current assets | £50.6m | £43.9m | £43.4m | £36.7m |
| Debtors | £29.4m | £25m | £23.3m | £22.2m |
| Deferred income | £2m | £3.5m | £2.4m | £2.2m |
| Cash from operations | £7.2m | £11m | £9m | £10m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 0.6%
- Profit ÷ revenue.
- Gross margin
- 35.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £247k
- Revenue ÷ average employees.
- Profit per employee
- £1.4k
- Profit ÷ average employees.
- Cash conversion
- 1067%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 41.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 20%
- 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
- ▼2%
- Now £63.7m
- Cash at bank
- ▼31%
- Now £4.9m
- Headcount
- ▼1%
- Now 450
- Deferred income
- ▼7%
- Now £2.2m
- Fixed assets
- ▼2%
- Now £46.6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Seda Pacprint (UK) LimitedBlackwood · Manufacture of other paper and paperboard containers
- Revenue
- £113m
- Profit
- £17.2m
- Staff
- 345
- Alexir Packaging LimitedGodalming · Manufacture of other paper and paperboard containers
- Revenue
- £45.9m
- Profit
- £2.1m
- Staff
- 158
- Onboard Corrugated LimitedWolverhampton · Manufacture of other paper and paperboard containers
- Revenue
- £44.6m
- Profit
- £1.7m
- Staff
- 96
- Fellowes LtdDoncaster · Manufacture of corrugated paper and paperboard, sacks and bags
- Revenue
- £105m
- Profit
- £4.4m
- Staff
- 395
- Smith Anderson Group LimitedKirkcaldy · Manufacture of corrugated paper and paperboard, sacks and bags
- Revenue
- £40.1m
- Profit
- £1.4m
- Staff
- 245
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £648k), from the Companies House accounts bulk data published Aug 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.