How much does Principal Medical Limited make?

Principal Medical Limited reported revenue of £15.6m and £779k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Principal Medical Limited have?

Principal Medical Limited reported an average of 270 employees in the year to 31 Mar 2025.

Is Principal Medical Limited profitable?

Yes — Principal Medical Limited reported a profit of £779k in the year to 31 Mar 2025.

Company No. 04679678 · Incorporated 26 Feb 2003

Principal Medical Limited

Registered name: PRINCIPAL MEDICAL LIMITED

Principal Medical Limited made £15.6m revenue and £779k profit in the year to 31 Mar 2025.

Principal Medical Limited’s revenue fell 2% to £15.6m in the year to 31 Mar 2025, with £779k profit and 270 employees. The company is classified under “general medical practice activities” and is based in Bicester; we hold 4 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86210General medical practice activities

Status: Active
Location: Bicester, South East
Age: 23 yrs · since 2003
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£15.6m

Growth ▼2.1%

Profit

£779k

Growth ▲23.5%

Profit margin

Gross 20.1%

Employees

270

Change ▼0.4%

Profit / employee

£2.9k

Revenue/employee £57.6k

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 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)	£17.2m	£17.8m	£15.9m	£15.6m
Cost of sales	£14.3m	£14.1m	£12.5m	£12.4m
Gross profit	£3m	£3.6m	£3.4m	£3.1m
Operating profit	£1.1m	£1.3m	£794k	£926k
Profit before tax	£1.1m	£837k	£920k	£1.1m
Profit after tax	£896k	£1.1m	£631k	£779k
Profit (best available)	£896k	£1.1m	£631k	£779k
Staff costs	£13.8m	£13.8m	£11.8m	£11.6m
Employees (average)	273	281	271	270
Ratios
Profit margin	5.2%	6%	4%	5%
Gross margin	17.2%	20.5%	21.5%	20.1%
Revenue per employee	£63.1k	£63.3k	£58.7k	£57.6k
Profit per employee	£3.3k	£3.8k	£2.3k	£2.9k
Cash conversion	—	292.3%	−102.4%	62.1%
Growth (year on year)
Revenue growth	—	▲3.3%	▼10.6%	▼2.1%
Profit growth	—	▲20%	▼41.3%	▲23.5%
Headcount growth	—	▲2.9%	▼3.6%	▼0.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£5m	£8.4m	£7m	£7.5m
Net assets	£3.6m	£4.6m	£5.2m	£5.9m
Fixed assets	£77.3k	£98.5k	£143k	£108k
Current assets	£10.1m	£12.3m	£10.2m	£11.2m
Debtors	£3.8m	£1.5m	£904k	£569k
Cash from operations	—	£3.7m	−£813k	£575k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 5%; Profit ÷ revenue.
Gross margin: 20.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £57.6k; Revenue ÷ average employees.
Profit per employee: £2.9k; Profit ÷ average employees.
Cash conversion: 62.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.6%; 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: ▲13%; Now £5.9m
Cash at bank: ▲8%; Now £7.5m
Headcount: ▼0%; Now 270
Deferred income: —; Now —
Fixed assets: ▼24%; Now £108k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £779k), from the Companies House accounts bulk data published Dec 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.