Spectra Packaging Solutions Limited
Registered name: SPECTRA PACKAGING SOLUTIONS LIMITED
Part of Spectra Trustee Limited groupSpectra Packaging Solutions Limited made £17.3m revenue and £188k profit in the year to 31 Dec 2023.
Spectra Packaging Solutions Limited’s revenue grew 10% to £17.3m in the year to 31 Dec 2023, with £188k profit and 176 employees. The company is classified under “manufacture of plastic packing goods” and is based in Halesworth; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Halesworth, East of England
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £15.7m | £17.3m |
| Cost of sales | £10.3m | £10m |
| Gross profit | £5.4m | £7.3m |
| Operating profit | £50.8k | £1.1m |
| Profit before tax | −£279k | £566k |
| Profit after tax | −£259k | £188k |
| Profit (best available) | −£259k | £188k |
| Staff costs | £6m | £6m |
| Employees (average) | 192 | 176 |
| Ratios | ||
| Profit margin | −1.7% | 1.1% |
| Gross margin | 34.6% | 42.3% |
| Revenue per employee | £81.7k | £98.3k |
| Profit per employee | −£1.3k | £1.1k |
| Cash conversion | 3739% | 219.9% |
| Growth (year on year) | ||
| Revenue growth | — | ▲10.2% |
| Headcount growth | — | ▼8.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.8m | £1.6m |
| Net assets | £2.3m | £2.5m |
| Fixed assets | £4.9m | £5m |
| Current assets | £5.5m | £5.5m |
| Debtors | £2.7m | £2.9m |
| Deferred income | £2.6m | £3.1m |
| Cash from operations | £1.9m | £2.4m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 1.1%
- Profit ÷ revenue.
- Gross margin
- 42.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £98.3k
- Revenue ÷ average employees.
- Profit per employee
- £1.1k
- Profit ÷ average employees.
- Cash conversion
- 219.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 28.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 17.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17%
- 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
- ▲8%
- Now £2.5m
- Cash at bank
- ▼13%
- Now £1.6m
- Headcount
- ▼8%
- Now 176
- Deferred income
- ▲20%
- Now £3.1m
- Fixed assets
- ▲1%
- Now £5m
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
- Spectra Trustee Limitedultimate parent75–100%
- Spectra Packaging Solutions Limitedthis 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
- J.F. McKenna LimitedCo Armagh · Manufacture of plastic packing goods
- Revenue
- £16.6m
- Profit
- £98.9k
- Staff
- 50
- Proampac Lincoln LimitedLincoln · Manufacture of plastic packing goods
- Revenue
- £18.3m
- Profit
- £1.6m
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- Lotan LimitedLeicester · Manufacture of plastic packing goods
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- £18.5m
- Profit
- £3m
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- Echo Packaging LimitedCorby · Manufacture of plastic packing goods
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- £19.4m
- Profit
- £322k
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- Sundolitt LimitedGlasgow · Manufacture of plastic packing goods
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- £15.3m
- Profit
- £185k
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- K.M. Packaging Services LimitedNorthants · Manufacture of plastic packing goods
- Revenue
- £20.1m
- Profit
- £1.4m
- Staff
- 29
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £188k), from the Companies House accounts bulk data published Sep 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.