Smartbox Assistive Technology Limited
Registered name: SMARTBOX ASSISTIVE TECHNOLOGY LIMITED
Part of Thrive Topco Limited groupSmartbox Assistive Technology Limited made £27m revenue and £5.3m profit in the year to 30 Sep 2025.
Smartbox Assistive Technology Limited’s revenue grew 26% to £27m in the year to 30 Sep 2025, with £5.3m profit and 117 employees. The company is classified under “other manufacturing” and is based in Malvern; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Malvern, West Midlands
- Age
- 21 yrs · since 2005
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £16.6m | £18.9m | £21.5m | £27m |
| Cost of sales | £8m | £8m | £9.7m | £12.9m |
| Gross profit | £8.5m | £10.9m | £11.8m | £14.1m |
| Operating profit | £4.7m | £4.1m | £4.2m | — |
| Profit before tax | £5.1m | £4.9m | £5.4m | £6.3m |
| Profit after tax | £4.5m | £4.4m | £4.9m | £5.3m |
| Profit (best available) | £4.5m | £4.4m | £4.9m | £5.3m |
| Staff costs | £3.5m | £4m | £5.4m | £6.4m |
| Employees (average) | 81 | 92 | 97 | 117 |
| Ratios | ||||
| Profit margin | 27.5% | 23.3% | 22.6% | 19.8% |
| Gross margin | 51.6% | 57.8% | 54.8% | 52.2% |
| Revenue per employee | £204k | £205k | £221k | £230k |
| Profit per employee | £56.1k | £47.8k | £50k | £45.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲14.2% | ▲13.6% | ▲25.6% |
| Profit growth | — | ▼3.2% | ▲10.3% | ▲10% |
| Headcount growth | — | ▲13.6% | ▲5.4% | ▲20.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £411k | £685k | £790k | £761k |
| Net assets | £11.9m | £16.3m | £19.8m | £24.3m |
| Fixed assets | £969k | £1.7m | £2.5m | £3.7m |
| Current assets | £13.2m | £21.9m | £24.4m | £28.6m |
| Debtors | £1.4m | £1.4m | £891k | £1.3m |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 19.8%
- Profit ÷ revenue.
- Gross margin
- 52.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £230k
- Revenue ÷ average employees.
- Profit per employee
- £45.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 13.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.8%
- 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
- ▲23%
- Now £24.3m
- Cash at bank
- ▼4%
- Now £761k
- Headcount
- ▲21%
- Now 117
- Deferred income
- —
- Now —
- Fixed assets
- ▲45%
- Now £3.7m
Group structure
Ownership chain
- Thrive Topco Limitedultimate parent75–100%
- Thrive Midco Limited75–100%
- Thrive Bidco Limited75–100%
- Smartbox Holdings Limited75–100%
- Smartbox Assistive Technology Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Sensory Software International LtdRev. £60k · Profit £50.2k
- At Therapy LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Morley Glass & Glazing LimitedLeeds · Other manufacturing n.e.c.
- Revenue
- £26.8m
- Profit
- £2.1m
- Staff
- 96
- Affordable Window Systems LimitedPoulton-Le-Fylde · Other manufacturing n.e.c.
- Revenue
- £26.8m
- Profit
- £1.7m
- Staff
- 208
- FPS Flexibles UK LtdThirsk · Other manufacturing n.e.c.
- Revenue
- £26.8m
- Profit
- £1.9m
- Staff
- 63
- C W Fletcher & Sons LimitedSheffield · Other manufacturing n.e.c.
- Revenue
- £26.7m
- Profit
- £1.3m
- Staff
- 146
- Dio LimitedGlasgow · Other manufacturing n.e.c.
- Revenue
- £26.6m
- Profit
- £180k
- Staff
- 181
- Nutriad LtdChester · Other manufacturing n.e.c.
- Revenue
- £27.4m
- Profit
- £3.8m
- Staff
- 20
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £5.3m), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.
Updated from Companies House on 14 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.