HS Products Ltd
Registered name: HS PRODUCTS LTD
Part of Spinko Holdings Limited groupHS Products Ltd made £13.4m revenue and £798k profit in the year to 29 Jun 2025. read from filing text
HS Products Ltd’s revenue fell 7% to £13.4m in the year to 29 Jun 2025, with £798k profit and 83 employees. The company is classified under “manufacture of wire products, chain and springs” and is based in Leeds; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Leeds, Yorkshire and The Humber
- Age
- 22 yrs · since 2004
- 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: “As at the year end, the immediate parent undertaking was Spinko Limited and the ultimate controlling party was S”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 26 Jun 2022 | 25 Jun 2023 | 30 Jun 2024 | 29 Jun 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £28.4m | £17.3m | £14.3m | £13.4m |
| Cost of sales | £24.3m | £13.3m | £10.6m | £10.2m |
| Gross profit | £4.1m | £4m | £3.7m | £3.2m |
| Operating profit | £1.1m | £1.1m | £793k | £215k |
| Profit before tax | £1.1m | £1.1m | £1m | £390k |
| Profit after tax | £1m | £933k | £183k | £798k |
| Profit (best available) | £1m | £933k | £183k | £798k |
| Staff costs | £8.4m | £4.6m | £4.7m | £4.3m |
| Employees (average) | 203 | 107 | 94 | 83 |
| Ratios | ||||
| Profit margin | 3.6% | 5.4% | 1.3% | 6% |
| Gross margin | 14.4% | 23.3% | 25.9% | 23.7% |
| Revenue per employee | £140k | £162k | £152k | £161k |
| Profit per employee | £5k | £8.7k | £1.9k | £9.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼39% | ▼17.5% | ▼6.6% |
| Profit growth | — | ▼8.2% | ▼80.3% | ▲335.4% |
| Headcount growth | — | ▼47.3% | ▼12.2% | ▼11.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £306k | £4.2m | £8m | £3.9m |
| Net assets | £16.2m | £17.1m | £17.3m | £18.1m |
| Fixed assets | £16.8m | £12.5m | £11.2m | £9.6m |
| Current assets | £10.2m | £8.3m | £11m | £20.1m |
| Debtors | £366k | £922k | £767k | £576k |
| Deferred income | £1.4m | £1m | £382k | £441k |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 6%
- Profit ÷ revenue.
- Gross margin
- 23.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £161k
- Revenue ÷ average employees.
- Profit per employee
- £9.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 72%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.3%
- 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
- ▲5%
- Now £18.1m
- Cash at bank
- ▼51%
- Now £3.9m
- Headcount
- ▼12%
- Now 83
- Deferred income
- ▲16%
- Now £441k
- Fixed assets
- ▼14%
- Now £9.6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Spinko Holdings Limitedultimate parent75–100%
- Spinko Limited75–100%
- HS Products Ltdthis 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).
Similar profitable businesses
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- Revenue
- £17m
- Profit
- £4.1m
- Staff
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- Advanex Europe LimitedSouthwell · Manufacture of wire products, chain and springs
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- Pfeifer Drako LtdCrewe · Manufacture of wire products, chain and springs
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- Springmasters LimitedManufacture of wire products, chain and springs
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- £9m
- Profit
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- Lesjofors Heavy Springs UK LimitedRedruth · Manufacture of wire products, chain and springs
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- £20m
- Profit
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- Mettex Electric Company LimitedBanbury · Manufacture of wire products, chain and springs
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Sources
Latest figures from FullAccounts for the year to 29 Jun 2025 (profit £798k), from the Companies House accounts bulk data published Mar 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.