How much does Ibsa Pharma Limited make?

Ibsa Pharma Limited reported revenue of £22.5m and £412k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Ibsa Pharma Limited have?

Ibsa Pharma Limited reported an average of 49 employees in the year to 31 Dec 2025.

Is Ibsa Pharma Limited profitable?

Yes — Ibsa Pharma Limited reported a profit of £412k in the year to 31 Dec 2025.

Company No. 03929804 · Incorporated 21 Feb 2000

Ibsa Pharma Limited

Registered name: IBSA PHARMA LIMITED

Ibsa Pharma Limited made £22.5m revenue and £412k profit in the year to 31 Dec 2025.

Ibsa Pharma Limited’s revenue grew 10% to £22.5m in the year to 31 Dec 2025, with £412k profit and 49 employees. The company is classified under “wholesale of pharmaceutical goods” and is based in Watford; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46460Wholesale of pharmaceutical goods SIC 47730Dispensing chemist in specialised stores SIC 82990Other business support service activities n.e.c.

Status: Active
Location: Watford, East of England
Age: 26 yrs · since 2000
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: “IBSA Institut Biochimique SA”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£22.5m

Growth ▲10.1%

Profit

£412k

Growth ▼38.8%

Profit margin

1.8%

Gross 37.2%

Employees

Change ▲22.5%

Profit / employee

£8.4k

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&L	Full P&L
Profit & loss
Revenue (turnover)	£11.5m	£17.7m	£20.5m	£22.5m
Cost of sales	£5.5m	£12.4m	£13.8m	£14.1m
Gross profit	£6m	£5.3m	£6.6m	£8.4m
Operating profit	£4m	£633k	£785k	£467k
Profit before tax	£4m	£742k	£908k	£555k
Profit after tax	£3.3m	£568k	£673k	£412k
Profit (best available)	£3.3m	£568k	£673k	£412k
Staff costs	£1.6m	£2.4m	£2.8m	£3.8m
Employees (average)	29	40	40	49
Ratios
Profit margin	28.7%	3.2%	3.3%	1.8%
Gross margin	52%	29.9%	32.4%	37.2%
Revenue per employee	£398k	£441k	£511k	£460k
Profit per employee	£114k	£14.2k	£16.8k	£8.4k
Cash conversion	−20.3%	−348.4%	326.8%	−176.1%
Growth (year on year)
Revenue growth	—	—	▲15.8%	▲10.1%
Profit growth	—	—	▲18.6%	▼38.8%
Headcount growth	—	—	0%	▲22.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.7m	£6.9m	£4.3m	£3.4m
Net assets	£12.7m	£7.2m	£7.9m	£8.3m
Fixed assets	£136k	£124k	£586k	£642k
Current assets	£15.8m	£11.8m	£12.4m	£11.5m
Debtors	£1.4m	£1.4m	£1.5m	£1.5m
Deferred income	£461k	£562k	£636k	—
Cash from operations	−£818k	−£2.2m	£2.6m	−£823k
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 1.8%; Profit ÷ revenue.
Gross margin: 37.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £460k; Revenue ÷ average employees.
Profit per employee: £8.4k; Profit ÷ average employees.
Cash conversion: −176.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.8%; 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: ▲5%; Now £8.3m
Cash at bank: ▼20%; Now £3.4m
Headcount: ▲23%; Now 49
Deferred income: —; Now —
Fixed assets: ▲10%; Now £642k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £412k), 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.