How much does ST. Matthews Limited make?

ST. Matthews Limited reported revenue of £11m and a loss of £3.3m in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does ST. Matthews Limited have?

ST. Matthews Limited reported an average of 252 employees in the year to 31 Aug 2023.

Is ST. Matthews Limited profitable?

No — ST. Matthews Limited reported a loss of £3.3m in the year to 31 Aug 2023.

Company No. 04611507 · Incorporated 6 Dec 2002

ST. Matthews Limited

Registered name: ST. MATTHEWS LIMITED

Part of Cgen Care 1 (Holdco) Limited group

ST. Matthews Limited made £11m revenue and a £3.3m loss in the year to 31 Aug 2023.

ST. Matthews Limited’s revenue grew 11% to £11m in the year to 31 Aug 2023, with a loss of £3.3m and 252 employees. The company is classified under “other human health activities” and is based in Spratton; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86900Other human health activities

Status: Active
Location: Spratton, East Midlands
Age: 23 yrs · since 2002
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 Aug 2023

Key figures

Doing more with less

Revenue

£11m

Growth ▲10.8%

Profit

−£3.3m

Growth —

Profit margin

−30.1%

Gross 23.7%

Employees

252

Change ▼1.9%

Profit / employee

−£13.1k

Revenue/employee £43.6k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.9m	£11m
Cost of sales	£7.8m	£8.4m
Gross profit	£2.1m	£2.6m
Operating profit	−£4.7m	−£2.4m
Profit before tax	−£5.1m	−£3.3m
Profit after tax	−£5.1m	−£3.3m
Profit (best available)	−£5.1m	−£3.3m
Staff costs	£7.2m	£7.7m
Employees (average)	257	252
Ratios
Profit margin	−51.1%	−30.1%
Gross margin	21.6%	23.7%
Revenue per employee	£38.5k	£43.6k
Profit per employee	−£19.7k	−£13.1k
Growth (year on year)
Revenue growth	—	▲10.8%
Headcount growth	—	▼1.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£42k	£187k
Net assets	£5.2m	£1.9m
Fixed assets	£6m	£5.6m
Current assets	£16.5m	£13.9m
Debtors	£585k	£919k
Deferred income	£484k	£809k
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024

Derived from the latest filing

How the business works

Profit margin: −30.1%; Profit ÷ revenue.
Gross margin: 23.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £43.6k; Revenue ÷ average employees.
Profit per employee: −£13.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 50.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.4%; 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: ▼64%; Now £1.9m
Cash at bank: ▲345%; Now £187k
Headcount: ▼2%; Now 252
Deferred income: ▲67%; Now £809k
Fixed assets: ▼7%; Now £5.6m

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

Cgen Care 1 (Holdco) Limitedultimate parent75–100%
Cgen Care 1 Limited75–100%
Seebeck 122 Limited75–100%
ST Matthews Holdings Limited75–100%
ST. Matthews Limitedthis company

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

Sister companies (2)

ST. Matthews (North) LimitedRev. £18.4m · Profit −£2.2m
ST Matthews (West) LimitedRev. £4.4m · Profit £979k

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 FullAccounts for the year to 31 Aug 2023 (profit −£3.3m), from the Companies House accounts bulk data published Oct 2024. 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.