How much does Nevro Medical Limited make?

Nevro Medical Limited reported revenue of £19m and a loss of £2.6k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Nevro Medical Limited have?

Nevro Medical Limited reported an average of 55 employees in the year to 31 Dec 2024.

Is Nevro Medical Limited profitable?

No — Nevro Medical Limited reported a loss of £2.6k in the year to 31 Dec 2024.

Company No. 07268550 · Incorporated 28 May 2010

Nevro Medical Limited

Registered name: NEVRO MEDICAL LIMITED

Part of Globus Medical, Inc. group

Nevro Medical Limited made £19m revenue and a £2.6k loss in the year to 31 Dec 2024.

Nevro Medical Limited’s revenue grew 2% to £19m in the year to 31 Dec 2024, with a loss of £2.6k and 55 employees. The company is classified under “other business support service activities” and is based in Cheltenham; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Cheltenham, South West
Age: 16 yrs · since 2010
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 Dec 2024

Key figures

Capital-light

Revenue

£19m

Growth ▲2.1%

Profit

−£2.6k

Growth ▼101.3%

Profit margin

Gross 66%

Employees

Change ▲3.8%

Profit / employee

−£47

Revenue/employee £346k

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 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.6m	£19m
Cost of sales	£7.5m	£6.5m
Gross profit	£11.1m	£12.6m
Operating profit	£463k	£381k
Profit before tax	£456k	£399k
Profit after tax	£191k	−£2.6k
Profit (best available)	£191k	−£2.6k
Staff costs	£6.8m	£7.4m
Employees (average)	53	55
Ratios
Profit margin	1%	0%
Gross margin	59.6%	66%
Revenue per employee	£352k	£346k
Profit per employee	£3.6k	−£47
Growth (year on year)
Revenue growth	—	▲2.1%
Profit growth	—	▼101.3%
Headcount growth	—	▲3.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.4m	£8m
Net assets	£14.6m	£16m
Fixed assets	£35.1k	£31.9k
Current assets	£15.9m	£17.6m
Debtors	£2.7m	£1.5m
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 0%; Profit ÷ revenue.
Gross margin: 66%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £346k; Revenue ÷ average employees.
Profit per employee: −£47; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.6%; 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: ▲10%; Now £16m
Cash at bank: ▲233%; Now £8m
Headcount: ▲4%; Now 55
Deferred income: —; Now —
Fixed assets: ▼9%; Now £31.9k

Corporate ownership

Group structure

Ownership chain

Globus Medical, Inc. (registered outside the UK register)ultimate parent75–100%
Nevro Medical 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£2.6k), from the Companies House accounts bulk data published Dec 2025. 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.