Seopa Ltd
Registered name: SEOPA LTD
Part of Seopa Holdings Ltd groupSeopa Ltd made £32.4m revenue and £6.1m profit in the year to 28 Feb 2025.
Seopa Ltd’s revenue grew 30% to £32.4m in the year to 28 Feb 2025, with £6.1m profit and 75 employees. The company is classified under “non-life insurance” and is based in Belfast; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 23 yrs · since 2003
- 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 | 28 Feb 2023 | 29 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £16.7m | £24.9m | £32.4m |
| Cost of sales | £10.5m | £16.3m | £21m |
| Gross profit | £6.2m | £8.6m | £11.3m |
| Operating profit | £1.9m | £3.6m | £6.3m |
| Profit before tax | £1.9m | £4.5m | £8.1m |
| Profit after tax | £1.7m | £3.6m | £6.1m |
| Profit (best available) | £1.7m | £3.6m | £6.1m |
| Staff costs | £3m | £3.6m | £4m |
| Employees (average) | 64 | 72 | 75 |
| Ratios | |||
| Profit margin | 10% | 14.6% | 18.8% |
| Gross margin | 37% | 34.4% | 35% |
| Revenue per employee | £262k | £346k | £432k |
| Profit per employee | £26.1k | £50.5k | £81k |
| Cash conversion | 84.9% | 77.9% | 86% |
| Growth (year on year) | |||
| Revenue growth | — | ▲48.7% | ▲30.1% |
| Profit growth | — | ▲117.9% | ▲67% |
| Headcount growth | — | ▲12.5% | ▲4.2% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.4m | £1.8m | £2.2m |
| Net assets | £19.9m | £22.7m | £28.1m |
| Fixed assets | £443k | £325k | £301k |
| Current assets | £21.9m | £26.7m | £31.5m |
| Debtors | £1.9m | £2.7m | £2.9m |
| Deferred income | £266k | £425k | £374k |
| Cash from operations | £1.6m | £2.8m | £5.4m |
| Source | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 18.8%
- Profit ÷ revenue.
- Gross margin
- 35%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £432k
- Revenue ÷ average employees.
- Profit per employee
- £81k
- Profit ÷ average employees.
- Cash conversion
- 86%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.9%
- 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
- ▲24%
- Now £28.1m
- Cash at bank
- ▲23%
- Now £2.2m
- Headcount
- ▲4%
- Now 75
- Deferred income
- ▼12%
- Now £374k
- Fixed assets
- ▼7%
- Now £301k
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
- Seopa Holdings Ltdultimate parent50–75%
- Seopa Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Quotezone LtdFigures not disclosed
Sister companies (1)
- Apricot Insurance Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £6.1m), 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.