How much does David Spear Commercials Limited make?

David Spear Commercials Limited reported revenue of £29m and £557k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does David Spear Commercials Limited have?

David Spear Commercials Limited reported an average of 24 employees in the year to 31 Dec 2025.

Is David Spear Commercials Limited profitable?

Yes — David Spear Commercials Limited reported a profit of £557k in the year to 31 Dec 2025.

Company No. 03884273 · Incorporated 26 Nov 1999

David Spear Commercials Limited

Registered name: DAVID SPEAR COMMERCIALS LIMITED

Part of David Spear Holdings Limited group

David Spear Commercials Limited made £29m revenue and £557k profit in the year to 31 Dec 2025.

David Spear Commercials Limited’s revenue grew 17% to £29m in the year to 31 Dec 2025, with £557k profit and 24 employees. The company is classified under “sale of used cars and light motor vehicles” and is based in Park ST Mellons; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45112Sale of used cars and light motor vehicles

Status: Active
Location: Park ST Mellons, Wales
Age: 26 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 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£29m

Growth ▲17.1%

Profit

£557k

Growth ▼4%

Profit margin

1.9%

Gross 8%

Employees

Change ▲4.3%

Profit / employee

£23.2k

Revenue/employee £1.2m

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&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£37.3m	£37.1m	£24.8m	£29m
Cost of sales	£31.7m	£33.8m	£22.9m	£26.7m
Gross profit	£5.7m	£3.3m	£1.8m	£2.3m
Operating profit	£4.5m	£1.9m	£733k	£777k
Profit before tax	£4.5m	£2m	£786k	£785k
Profit after tax	£3.7m	£1.5m	£581k	£557k
Profit (best available)	£3.7m	£1.5m	£581k	£557k
Staff costs	£694k	£657k	£646k	£792k
Employees (average)	25	25	23	24
Ratios
Profit margin	9.9%	4.1%	2.3%	1.9%
Gross margin	15.2%	8.9%	7.4%	8%
Revenue per employee	£1.5m	£1.5m	£1.1m	£1.2m
Profit per employee	£148k	£61.5k	£25.2k	£23.2k
Cash conversion	−52.5%	−10.4%	−133.4%	−255.1%
Growth (year on year)
Revenue growth	—	▼0.6%	▼33.2%	▲17.1%
Profit growth	—	▼58.6%	▼62.2%	▼4%
Headcount growth	—	0%	▼8%	▲4.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.5m	£2m	£2.7m	£1.9m
Net assets	£10.3m	£11.7m	£12.1m	£6.3m
Fixed assets	£2.7m	£2.7m	£2.7m	£10.4k
Current assets	£12.6m	£10.8m	£11.4m	£6.9m
Debtors	£285k	£220k	£396k	£122k
Cash from operations	−£2.4m	−£194k	−£979k	−£2m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 1.9%; Profit ÷ revenue.
Gross margin: 8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.2m; Revenue ÷ average employees.
Profit per employee: £23.2k; Profit ÷ average employees.
Cash conversion: −255.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.4%; 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: ▼48%; Now £6.3m
Cash at bank: ▼28%; Now £1.9m
Headcount: ▲4%; Now 24
Deferred income: —; Now —
Fixed assets: ▼100%; Now £10.4k

Corporate ownership

Group structure

Ownership chain

David Spear Holdings Limitedultimate parent75–100%
David Spear Commercials 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

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £557k), from the Companies House accounts bulk data published Sep 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.