Summit Medical Limited
Registered name: SUMMIT MEDICAL LIMITED
Part of Apposite Capital LLP groupSummit Medical Limited made £15.9m revenue and a £1.5m loss in the year to 31 Mar 2025.
Summit Medical Limited’s revenue fell 9% to £15.9m in the year to 31 Mar 2025, with a loss of £1.5m and 119 employees. The company is classified under “manufacture of medical and dental instruments and supplies” and is based in Cheltenham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cheltenham, South West
- Age
- 25 yrs · since 2001
- 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: “OrthoD Midco Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £10.9m | £16.6m | £17.4m | £15.9m |
| Cost of sales | £6m | £10m | £10.3m | £9.2m |
| Gross profit | £4.9m | £6.7m | £7.1m | £6.7m |
| Operating profit | −£259k | £1.9m | £2.1m | £1.2m |
| Profit before tax | −£137k | £2.1m | £2.1m | −£1.2m |
| Profit after tax | −£202k | £2.1m | £2.1m | −£1.5m |
| Profit (best available) | −£202k | £2.1m | £2.1m | −£1.5m |
| Staff costs | £4.3m | £5.1m | £5.4m | £5.6m |
| Employees (average) | 105 | 111 | 124 | 119 |
| Ratios | ||||
| Profit margin | −1.9% | 12.9% | 12% | −9.2% |
| Gross margin | 45.1% | 40.1% | 40.6% | 42.2% |
| Revenue per employee | £103k | £150k | £140k | £134k |
| Profit per employee | −£1.9k | £19.3k | £16.8k | −£12.2k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲53.2% | ▲4.6% | ▼8.6% |
| Profit growth | — | — | ▼2.6% | ▼169.7% |
| Headcount growth | — | ▲5.7% | ▲11.7% | ▼4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £97.5k | £435k | £796k | £410k |
| Net assets | £19.4m | £21.5m | £23.6m | £22.1m |
| Fixed assets | £10.8m | £11.7m | £12.6m | £14.1m |
| Current assets | £31.1m | £34.6m | £48.3m | £48.5m |
| Debtors | £3.4m | £4.2m | £2.5m | £2.7m |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | Accounts · bulk data Dec 2024 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- −9.2%
- Profit ÷ revenue.
- Gross margin
- 42.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £134k
- Revenue ÷ average employees.
- Profit per employee
- −£12.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 88.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17%
- 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
- ▼6%
- Now £22.1m
- Cash at bank
- ▼48%
- Now £410k
- Headcount
- ▼4%
- Now 119
- Deferred income
- —
- Now —
- Fixed assets
- ▲12%
- Now £14.1m
Group structure
Ownership chain
- Apposite Capital LLPultimate parent25–50%
- Bowmoor Topco Limited75–100%
- Bowmoor Bidco Limited75–100%
- Summit Medical Group Limited75–100%
- Orthod Midco Limited75–100%
- Summit Medical Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (5)
- Marlux Medical LimitedFigures not disclosed
- Marshall Contracts LimitedFigures not disclosed
- Orthodesign LimitedFigures not disclosed
- Summit Medical (Benefits) LimitedFigures not disclosed
- Summit Medical UK LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£1.5m), from the Companies House accounts bulk data published May 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.