Spirit Healthcare Ltd
Registered name: SPIRIT HEALTHCARE LTD
Part of Spirit Health Group Ltd groupSpirit Healthcare Ltd made £11.9m revenue and a £3m loss in the year to 31 Mar 2025.
Spirit Healthcare Ltd’s revenue fell 2% to £11.9m in the year to 31 Mar 2025, with a loss of £3m and 32 employees. The company is classified under “wholesale of pharmaceutical goods” and is based in Leicester; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Leicester, East Midlands
- Age
- 19 yrs · since 2007
- 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: “Spirit Health Group 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 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £22.5m | £12.2m | £11.9m |
| Cost of sales | £13.1m | £6.7m | £7.1m |
| Gross profit | £9.4m | £5.5m | £4.8m |
| Operating profit | £2.3m | £2.1m | £1.3m |
| Profit before tax | £2m | £1.6m | −£2.9m |
| Profit after tax | £2.3m | £1m | −£3m |
| Profit (best available) | £2.3m | £1m | −£3m |
| Staff costs | £3.2m | £609k | £758k |
| Employees (average) | 114 | 35 | 32 |
| Ratios | |||
| Profit margin | 10.3% | 8.5% | −25.6% |
| Gross margin | 41.8% | 45.2% | 40.6% |
| Revenue per employee | £197k | £348k | £371k |
| Profit per employee | £20.2k | £29.6k | −£95.1k |
| Cash conversion | 56.2% | −42.1% | — |
| Growth (year on year) | |||
| Revenue growth | — | ▼45.8% | ▼2.4% |
| Profit growth | — | ▼55% | ▼393.3% |
| Headcount growth | — | ▼69.3% | ▼8.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £87.6k | £16.5k | £12.1k |
| Net assets | £9.4m | £10.5m | £7m |
| Fixed assets | £239k | £186k | £4k |
| Current assets | £17.6m | £19.1m | £16.3m |
| Debtors | £2.4m | £2m | £2.1m |
| Deferred income | £61k | £374k | £89.1k |
| Cash from operations | £1.3m | −£889k | — |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- −25.6%
- Profit ÷ revenue.
- Gross margin
- 40.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £371k
- Revenue ÷ average employees.
- Profit per employee
- −£95.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.9%
- 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
- ▼33%
- Now £7m
- Cash at bank
- ▼26%
- Now £12.1k
- Headcount
- ▼9%
- Now 32
- Deferred income
- ▼76%
- Now £89.1k
- Fixed assets
- ▼98%
- Now £4k
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
- Spirit Health Group Ltdultimate parent75–100%
- Spirit Health Group Ebt Limited50–75%
- Spirit Health Group Ltd75–100%
- Spirit Healthcare Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (5)
- Spirit Clinical Services LimitedFigures not disclosed
- Spirit Digital LtdFigures not disclosed
- Spirit Health Group Ebt LimitedFigures not disclosed
- Spirit Implement LimitedFigures not disclosed
- X-Pert Health Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Mossvet LimitedCraigavon · Wholesale of pharmaceutical goods
- Revenue
- £11.9m
- Profit
- £574k
- Staff
- 21
- Cytoplan LimitedWorcester · Wholesale of pharmaceutical goods
- Revenue
- £11.8m
- Profit
- £1.6m
- Staff
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- Galar Ireland LtdBelfast · Wholesale of pharmaceutical goods
- Revenue
- £12.1m
- Profit
- £3.1m
- Staff
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- Mediwin Ppip Ltd.Littlehampton · Wholesale of pharmaceutical goods
- Revenue
- £11.5m
- Profit
- £158k
- Staff
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- Recordati Pharmaceuticals LimitedHemel Hempstead · Wholesale of pharmaceutical goods
- Revenue
- £12.7m
- Profit
- £199k
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- Medicom Healthcare LimitedKings Cross · Wholesale of pharmaceutical goods
- Revenue
- £10.7m
- Profit
- £596k
- Staff
- 34
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£3m), from the Companies House accounts bulk data published Feb 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.