Seopa Holdings Ltd
Registered name: SEOPA HOLDINGS LTD
Seopa Holdings Ltd made £34.3m revenue and a £413k loss in the year to 28 Feb 2025.
Seopa Holdings Ltd’s revenue grew 31% to £34.3m in the year to 28 Feb 2025, with a loss of £413k and 105 employees. The company is classified under “activities of other holding companies” and is based in Belfast; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 12 yrs · since 2014
- 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 | 28 Feb 2023 | 29 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £18m | £26.2m | £34.3m |
| Cost of sales | £10.7m | £16.5m | £21.3m |
| Gross profit | £7.4m | £9.7m | £13m |
| Operating profit | £1.6m | £2.8m | £5.3m |
| Profit before tax | £1.6m | £3.7m | £7.1m |
| Profit after tax | £75.2k | £188k | −£413k |
| Profit (best available) | £75.2k | £188k | −£413k |
| Staff costs | £3.4m | £4.2m | £4.8m |
| Employees (average) | 83 | 97 | 105 |
| Ratios | |||
| Profit margin | 0.4% | 0.7% | −1.2% |
| Gross margin | 40.8% | 37.1% | 38% |
| Revenue per employee | £217k | £270k | £327k |
| Profit per employee | £906 | £1.9k | −£3.9k |
| Cash conversion | 100.7% | 104.7% | 94.8% |
| Growth (year on year) | |||
| Revenue growth | — | ▲45.4% | ▲30.9% |
| Profit growth | — | ▲150.3% | ▼319.4% |
| Headcount growth | — | ▲16.9% | ▲8.3% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £4k | £31.9k | £14k |
| Net assets | £780k | £793k | £380k |
| Fixed assets | £940k | £914k | £494k |
| Current assets | £223k | £282k | £296k |
| Debtors | £35.4k | £60k | £30k |
| Deferred income | £63.7k | £65.3k | £65k |
| Cash from operations | £1.6m | £2.9m | £5m |
| Source | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- −1.2%
- Profit ÷ revenue.
- Gross margin
- 38%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £327k
- Revenue ÷ average employees.
- Profit per employee
- −£3.9k
- Profit ÷ average employees.
- Cash conversion
- 94.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.1%
- 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
- ▼52%
- Now £380k
- Cash at bank
- ▼56%
- Now £14k
- Headcount
- ▲8%
- Now 105
- Deferred income
- ▼0%
- Now £65k
- Fixed assets
- ▼46%
- Now £494k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- Seopa LtdRev. £32.4m · Profit £6.1m
- 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 −£413k), 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.