Spill Midco 1 Limited
Registered name: SPILL MIDCO 1 LIMITED
Part of Chiltern Capital LLP groupSpill Midco 1 Limited made £48.5m revenue and a £11.3m loss in the year to 31 Oct 2024. read from filing text
Spill Midco 1 Limited’s revenue fell 10% to £48.5m in the year to 31 Oct 2024, with a loss of £11.3m and 249 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 4 yrs · since 2022
- 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 Oct 2023 | 31 Oct 2024 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £53.8m | £48.5m |
| Cost of sales | £32.8m | £28.9m |
| Gross profit | £21.1m | £19.6m |
| Operating profit | £2.9m | −£2.6m |
| Profit before tax | −£1.4m | −£11.1m |
| Profit after tax | −£2.2m | −£11.3m |
| Profit (best available) | −£2.2m | −£11.3m |
| Employees (average) | 268 | 249 |
| Ratios | ||
| Profit margin | −4% | −23.3% |
| Gross margin | 39.2% | 40.4% |
| Revenue per employee | £201k | £195k |
| Profit per employee | −£8.1k | −£45.4k |
| Growth (year on year) | ||
| Revenue growth | — | ▼9.9% |
| Headcount growth | — | ▼7.1% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | −£400k | −£895k |
| Current assets | £29m | £23.9m |
| Debtors | £0 | £0 |
| Deferred income | £2.4m | £3.5m |
| Source | FullAccounts · bulk data Nov 2025 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- −23.3%
- Profit ÷ revenue.
- Gross margin
- 40.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £195k
- Revenue ÷ average employees.
- Profit per employee
- −£45.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 7.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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 −£895k
- Cash at bank
- —
- Now —
- Headcount
- ▼7%
- Now 249
- Deferred income
- ▲45%
- Now £3.5m
- Fixed assets
- —
- Now —
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
- Chiltern Capital LLPultimate parent75–100%
- Chiltern Capital Nominees (Spill) Limited75–100%
- Spill Midco 1 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Spill Midco 2 LimitedRev. £0 · Profit £0
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Oct 2024 (profit −£11.3m), from the Companies House accounts bulk data published Nov 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.