How much does Specdrum Limited make?

Specdrum Limited reported revenue of £12.4m and £819k profit in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does Specdrum Limited have?

Specdrum Limited reported an average of 60 employees in the year to 31 Jan 2025.

Is Specdrum Limited profitable?

Yes — Specdrum Limited reported a profit of £819k in the year to 31 Jan 2025.

Company No. NI636331 · Incorporated 10 Feb 2016

Specdrum Limited

Registered name: SPECDRUM LIMITED

Specdrum Limited made £12.4m revenue and £819k profit in the year to 31 Jan 2025.

Specdrum Limited’s revenue fell 32% to £12.4m in the year to 31 Jan 2025, with £819k profit and 60 employees. The company is classified under “other manufacturing” and is based in Dungannon; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32990Other manufacturing n.e.c.

Status: Active
Location: Dungannon, Northern Ireland
Age: 10 yrs · since 2016
Type: Private Limited Company

Latest accounts · year to 31 Jan 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£12.4m

Growth ▼32.4%

Profit

£819k

Growth ▼52.5%

Profit margin

6.6%

Gross 22.1%

Employees

Change ▼22.1%

Profit / employee

£13.7k

Revenue/employee £207k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.5m	£18.3m	£12.4m
Cost of sales	£15.6m	£14.6m	£9.7m
Gross profit	£2.9m	£3.7m	£2.7m
Operating profit	£1.5m	£2.3m	£958k
Profit before tax	£1.5m	£2.3m	£958k
Profit after tax	£1.3m	£1.7m	£819k
Profit (best available)	£1.3m	£1.7m	£819k
Staff costs	£2.5m	£2.6m	£2.1m
Employees (average)	79	77	60
Ratios
Profit margin	7.3%	9.4%	6.6%
Gross margin	15.9%	20.2%	22.1%
Revenue per employee	£235k	£238k	£207k
Profit per employee	£17.1k	£22.4k	£13.7k
Cash conversion	−10.4%	33.2%	5.9%
Growth (year on year)
Revenue growth	—	▼1.1%	▼32.4%
Profit growth	—	▲28%	▼52.5%
Headcount growth	—	▼2.5%	▼22.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£2m	£1.9m
Net assets	£6.2m	£8m	£8.8m
Fixed assets	£643k	£534k	£216k
Current assets	£12.2m	£10.8m	£10.5m
Debtors	£3.4m	£2.9m	£1.9m
Deferred income	£77.6k	£89.6k	£78.4k
Cash from operations	−£154k	£754k	£56.6k
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 6.6%; Profit ÷ revenue.
Gross margin: 22.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £207k; Revenue ÷ average employees.
Profit per employee: £13.7k; Profit ÷ average employees.
Cash conversion: 5.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.4%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲10%; Now £8.8m
Cash at bank: ▼1%; Now £1.9m
Headcount: ▼22%; Now 60
Deferred income: ▼12%; Now £78.4k
Fixed assets: ▼59%; Now £216k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £819k), from the Companies House accounts bulk data published Oct 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.