Spice Bidco Ltd
Registered name: SPICE BIDCO LTD
Part of Spice Holding Ltd groupSpice Bidco Ltd made £1m revenue and a £2.8m loss in the year to 31 Mar 2024.
Spice Bidco Ltd’s revenue grew 213% to £1m in the year to 31 Mar 2024, with a loss of £2.8m and 12 employees. The company is classified under “non-trading company” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- 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 | 26 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £320k | £1m |
| Gross profit | £320k | £1m |
| Operating profit | −£108k | −£182k |
| Profit before tax | −£2.5m | −£2.8m |
| Profit after tax | −£2.5m | −£2.8m |
| Profit (best available) | −£2.5m | −£2.8m |
| Staff costs | £319k | £1m |
| Employees (average) | 8 | 12 |
| Ratios | ||
| Profit margin | −767% | −278.6% |
| Gross margin | 100% | 100% |
| Revenue per employee | £40k | £83.3k |
| Profit per employee | −£307k | −£232k |
| Growth (year on year) | ||
| Revenue growth | — | ▲212.5% |
| Headcount growth | — | ▲50% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £31.3k | £33.6k |
| Net assets | −£3.6m | −£6.3m |
| Fixed assets | £21m | £21m |
| Current assets | £593k | £410k |
| Debtors | £562k | £376k |
| Deferred income | £9.5m | £12.1m |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- −278.6%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £83.3k
- Revenue ÷ average employees.
- Profit per employee
- −£232k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2096%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1212%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 37.6%
- 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
- —
- Now −£6.3m
- Cash at bank
- ▲7%
- Now £33.6k
- Headcount
- ▲50%
- Now 12
- Deferred income
- ▲27%
- Now £12.1m
- Fixed assets
- 0%
- Now £21m
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
- Spice Holding Ltdultimate parent75–100%
- Spice Bidco Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Rosa's London LimitedFigures not disclosed
- Rosa's Thai LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£2.8m), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.
Updated from Companies House on 13 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.