Seebeck 122 Limited
Registered name: SEEBECK 122 LIMITED
Part of Cgen Care 1 (Holdco) Limited groupSeebeck 122 Limited made £25.7m revenue and a £5.3m loss in the year to 31 Aug 2025.
Seebeck 122 Limited’s revenue fell 7% to £25.7m in the year to 31 Aug 2025, with a loss of £5.3m and 2 employees. The company is classified under “dormant company” and is based in Spratton; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Spratton, East Midlands
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 Aug 2022 | 31 Aug 2023 | 31 Aug 2024 | 31 Aug 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £33.9m | £27.6m | £25.7m |
| Cost of sales | — | £24.5m | £21.3m | £18.7m |
| Gross profit | — | £9.4m | £6.3m | £7m |
| Operating profit | — | −£4.9m | −£5.3m | −£6.2m |
| Profit before tax | — | −£6.7m | −£6.5m | −£7.1m |
| Profit after tax | — | −£6.5m | −£6.4m | −£5.3m |
| Profit (best available) | — | −£6.5m | −£6.4m | −£5.3m |
| Staff costs | — | £17.5m | £20m | £20m |
| Employees (average) | 2 | 2 | 2 | 2 |
| Ratios | ||||
| Profit margin | — | −19.3% | −23.3% | −20.6% |
| Gross margin | — | 27.9% | 22.8% | 27.1% |
| Revenue per employee | — | £16.9m | £13.8m | £12.9m |
| Profit per employee | — | −£3.3m | −£3.2m | −£2.6m |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼18.5% | ▼7% |
| Headcount growth | — | 0% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2 | £2 | £2 | — |
| Net assets | £58m | £58m | £58m | £58m |
| Fixed assets | — | £63.1m | £60m | £56.8m |
| Current assets | — | £18.7m | £17.8m | £18m |
| Debtors | — | £2.7m | £1.3m | £1.6m |
| Cash from operations | — | £2m | £2.5m | −£195k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- −20.6%
- Profit ÷ revenue.
- Gross margin
- 27.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £12.9m
- Revenue ÷ average employees.
- Profit per employee
- −£2.6m
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 221%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6%
- 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
- 0%
- Now £58m
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- ▼5%
- Now £56.8m
Group structure
Ownership chain
- Cgen Care 1 (Holdco) Limitedultimate parent75–100%
- Cgen Care 1 Limited75–100%
- Seebeck 122 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- ST Matthews Holdings LimitedFigures not disclosed
Sister companies (1)
- ST Matthews Group (UK) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Aug 2025 (profit −£5.3m), from the Companies House accounts bulk data published May 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.