How much does SPM Plastics Limited make?

SPM Plastics Limited reported revenue of £9.1m and a loss of £461k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does SPM Plastics Limited have?

SPM Plastics Limited reported an average of 101 employees in the year to 31 Dec 2024.

Is SPM Plastics Limited profitable?

No — SPM Plastics Limited reported a loss of £461k in the year to 31 Dec 2024.

Company No. 03933216 · Incorporated 24 Feb 2000

SPM Plastics Limited

Registered name: SPM PLASTICS LIMITED

Part of Upg Company, Llc group

SPM Plastics Limited made £9.1m revenue and a £461k loss in the year to 31 Dec 2024.

SPM Plastics Limited’s revenue fell 1% to £9.1m in the year to 31 Dec 2024, with a loss of £461k and 101 employees. The company is classified under “manufacture of other plastic products” and is based in Mountain Ash; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22290Manufacture of other plastic products

Status: Active
Location: Mountain Ash, Wales
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.

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£9.1m

Growth ▼0.5%

Profit

−£461k

Growth —

Profit margin

−5.1%

Gross 35.4%

Employees

101

Change ▼9%

Profit / employee

−£4.6k

Revenue/employee £89.8k

Profitable streak

0yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.7m	£9.1m	£9.1m
Cost of sales	£5.8m	£6.5m	£5.9m
Gross profit	£3.9m	£3.2m	£3.2m
Operating profit	£549k	−£840k	−£262k
Profit before tax	£537k	−£817k	−£247k
Profit after tax	£586k	−£668k	−£461k
Profit (best available)	£586k	−£668k	−£461k
Staff costs	£4m	£3.8m	£3.2m
Employees (average)	111	111	101
Ratios
Profit margin	6.1%	−7.3%	−5.1%
Gross margin	40.3%	35.2%	35.4%
Revenue per employee	£87k	£82.1k	£89.8k
Profit per employee	£5.3k	−£6k	−£4.6k
Growth (year on year)
Revenue growth	—	▼5.5%	▼0.5%
Profit growth	—	▼214.1%	—
Headcount growth	—	0%	▼9%
Balance sheet — indirect signals, not revenue
Cash at bank	£411k	£536k	£535k
Net assets	£4m	£3.2m	£2.7m
Fixed assets	£1.7m	£2.2m	£2.3m
Current assets	£5m	£6.2m	£6.2m
Debtors	£1.8m	£3.1m	£1.8m
Deferred income	£626k	£2.1m	£2.4m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −5.1%; Profit ÷ revenue.
Gross margin: 35.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £89.8k; Revenue ÷ average employees.
Profit per employee: −£4.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 25.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 26.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.1%; 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: ▼15%; Now £2.7m
Cash at bank: ▼0%; Now £535k
Headcount: ▼9%; Now 101
Deferred income: ▲15%; Now £2.4m
Fixed assets: ▲3%; Now £2.3m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Upg Company, Llc (registered outside the UK register)ultimate parent75–100%
Inspire Upg UK Limited75–100%
SPM Plastics 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

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£461k), from the Companies House accounts bulk data published Sep 2025. 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.