Obex Holdings Ltd
Registered name: OBEX HOLDINGS LTD
Obex Holdings Ltd made £41m revenue and £12m profit in the year to 31 Dec 2025.
Obex Holdings Ltd’s revenue fell 2% to £41m in the year to 31 Dec 2025, with £12m profit and 90 employees. The company is classified under “activities of production holding companies” and is based in Worcester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Worcester, West Midlands
- Age
- 5 yrs · since 2021
- 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.
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 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £35.4m | £36.3m | £42.1m | £41m |
| Cost of sales | £17.6m | £16.9m | £20.2m | £19.9m |
| Gross profit | £17.8m | £19.4m | £21.9m | £21.1m |
| Operating profit | £6.7m | £7.6m | £7.3m | £5.6m |
| Profit before tax | £6.1m | £7.3m | £6.7m | £5.8m |
| Profit after tax | £6.8m | −£120k | £9.2m | £12m |
| Profit (best available) | £6.8m | −£120k | £9.2m | £12m |
| Staff costs | £3.3m | £4.4m | £7.9m | £7.5m |
| Employees (average) | 47 | 64 | 76 | 90 |
| Ratios | ||||
| Profit margin | 19.1% | −0.3% | 21.9% | 29.2% |
| Gross margin | 50.3% | 53.4% | 52% | 51.4% |
| Revenue per employee | £753k | £567k | £554k | £456k |
| Profit per employee | £144k | −£1.9k | £121k | £133k |
| Cash conversion | 138.7% | 153.6% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲16% | ▼2.5% |
| Profit growth | — | — | — | ▲29.9% |
| Headcount growth | — | — | ▲18.8% | ▲18.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £259k | £31.9k | £80k | £474k |
| Net assets | £43.5m | £42.4m | £50.8m | £53.4m |
| Fixed assets | £51.1m | £51.1m | £51.1m | £51.1m |
| Current assets | £259k | £31.9k | £1.7m | £7.3m |
| Debtors | £5.3m | £4.8m | £5.8m | £5.5m |
| Cash from operations | £9.3m | £11.6m | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 29.2%
- Profit ÷ revenue.
- Gross margin
- 51.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £456k
- Revenue ÷ average employees.
- Profit per employee
- £133k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 124.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.4%
- 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
- ▲5%
- Now £53.4m
- Cash at bank
- ▲493%
- Now £474k
- Headcount
- ▲18%
- Now 90
- Deferred income
- —
- Now —
- Fixed assets
- 0%
- Now £51.1m
Group structure
Subsidiaries (1)
- Obex Protection LtdRev. £39.1m · Profit £7.8m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £12m), from the Companies House accounts bulk data published Sep 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.