How much does Spreadex Limited make?

Spreadex Limited reported revenue of £105m and £31.7m profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Spreadex Limited have?

Spreadex Limited reported an average of 202 employees in the year to 31 May 2025.

Is Spreadex Limited profitable?

Yes — Spreadex Limited reported a profit of £31.7m in the year to 31 May 2025.

Company No. 03720378 · Incorporated 25 Feb 1999

Spreadex Limited

Registered name: SPREADEX LIMITED

Part of Spreadex.com Limited group

Spreadex Limited made £105m revenue and £31.7m profit in the year to 31 May 2025.

Spreadex Limited’s revenue grew 1% to £105m in the year to 31 May 2025, with £31.7m profit and 202 employees. The company is classified under “gambling and betting activities” and is based in ST. Albans; we hold 3 years of its filed accounts.

Full P&L filedSection R · Arts, entertainment and recreationSIC 92000Gambling and betting activities

Status: Active
Location: ST. Albans, East of England
Age: 27 yrs · since 1999
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 May 2025

Key figures

Revenue

£105m

Growth ▲1.3%

Profit

£31.7m

Growth ▼2.5%

Profit margin

30.3%

Gross 87.6%

Employees

202

Change ▲4.7%

Profit / employee

£157k

Revenue/employee £518k

Profitable streak

3yrs

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 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£88.8m	£103m	£105m
Cost of sales	−£12.6m	−£14.2m	−£12.9m
Gross profit	£76.2m	£89m	£91.6m
Operating profit	£34.5m	£39.8m	£40.1m
Profit before tax	£35.3m	£42.2m	£43.2m
Profit after tax	£28.2m	£32.4m	£31.7m
Profit (best available)	£28.2m	£32.4m	£31.7m
Employees (average)	172	193	202
Ratios
Profit margin	31.7%	31.4%	30.3%
Gross margin	85.8%	86.2%	87.6%
Revenue per employee	£517k	£535k	£518k
Profit per employee	£164k	£168k	£157k
Growth (year on year)
Revenue growth	—	▲16.2%	▲1.3%
Profit growth	—	▲15%	▼2.5%
Headcount growth	—	▲12.2%	▲4.7%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Nov 2024	Accounts · bulk data Nov 2024	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 30.3%; Profit ÷ revenue.
Gross margin: 87.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £518k; Revenue ÷ average employees.
Profit per employee: £157k; 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 —
Cash at bank: —; Now —
Headcount: ▲5%; Now 202
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Spreadex.com Limitedultimate parent75–100%
Spreadex Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sporting Index LimitedFigures not disclosed

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 accounts for the year to 31 May 2025 (profit £31.7m), 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.