How much does ST. Matthews (North) Limited make?

ST. Matthews (North) Limited reported revenue of £18.4m and a loss of £2.2m in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does ST. Matthews (North) Limited have?

ST. Matthews (North) Limited reported an average of 344 employees in the year to 31 Aug 2023.

Is ST. Matthews (North) Limited profitable?

No — ST. Matthews (North) Limited reported a loss of £2.2m in the year to 31 Aug 2023.

Company No. 06971934 · Incorporated 24 Jul 2009

ST. Matthews (North) Limited

Registered name: ST. MATTHEWS (NORTH) LIMITED

Part of Cgen Care 1 (Holdco) Limited group

ST. Matthews (North) Limited made £18.4m revenue and a £2.2m loss in the year to 31 Aug 2023.

ST. Matthews (North) Limited’s revenue grew 70% to £18.4m in the year to 31 Aug 2023, with a loss of £2.2m and 344 employees. The company is classified under “other human health activities” and is based in Spratton; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86900Other human health activities

Status: Active
Location: Spratton, East Midlands
Age: 17 yrs · since 2009
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.

Latest accounts · year to 31 Aug 2023

Key figures

Revenue

£18.4m

Growth ▲70%

Profit

−£2.2m

Growth ▼611.5%

Profit margin

−12.1%

Gross 26.2%

Employees

344

Change ▲11%

Profit / employee

−£6.5k

Revenue/employee £53.6k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.8m	£18.4m
Cost of sales	£9.7m	£13.6m
Gross profit	£1.1m	£4.8m
Operating profit	£704k	−£1.7m
Profit before tax	£496k	−£2.2m
Profit after tax	£437k	−£2.2m
Profit (best available)	£437k	−£2.2m
Staff costs	£12.2m	£15.5m
Employees (average)	310	344
Ratios
Profit margin	4%	−12.1%
Gross margin	10.1%	26.2%
Revenue per employee	£35k	£53.6k
Profit per employee	£1.4k	−£6.5k
Growth (year on year)
Revenue growth	—	▲70%
Profit growth	—	▼611.5%
Headcount growth	—	▲11%
Balance sheet — indirect signals, not revenue
Cash at bank	£15.7k	£199k
Net assets	£3.7m	£1.4m
Fixed assets	£14.1m	£13.6m
Current assets	£3m	£4.2m
Debtors	£788k	£1.5m
Deferred income	£629k	£1.5m
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024

Derived from the latest filing

How the business works

Profit margin: −12.1%; Profit ÷ revenue.
Gross margin: 26.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £53.6k; Revenue ÷ average employees.
Profit per employee: −£6.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 73.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.1%; 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: ▼61%; Now £1.4m
Cash at bank: ▲1168%; Now £199k
Headcount: ▲11%; Now 344
Deferred income: ▲145%; Now £1.5m
Fixed assets: ▼3%; Now £13.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Cgen Care 1 (Holdco) Limitedultimate parent75–100%
Cgen Care 1 Limited75–100%
Seebeck 122 Limited75–100%
ST Matthews Holdings Limited75–100%
ST. Matthews (North) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (2)

ST. Matthews LimitedRev. £11m · Profit −£3.3m
ST Matthews (West) LimitedRev. £4.4m · Profit £979k

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2023 (profit −£2.2m), from the Companies House accounts bulk data published Oct 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.