How much does Biopax Limited make?

Biopax Limited reported revenue of £8.1m and a loss of £2.5m in the year to 30 Jun 2025, according to its accounts filed at Companies House.

How many employees does Biopax Limited have?

Biopax Limited reported an average of 47 employees in the year to 30 Jun 2025.

Is Biopax Limited profitable?

No — Biopax Limited reported a loss of £2.5m in the year to 30 Jun 2025.

Company No. NI656536 · Incorporated 22 Oct 2018

Biopax Limited

Registered name: BIOPAX LIMITED

Part of Cross FT Limited group

Biopax Limited made £8.1m revenue and a £2.5m loss in the year to 30 Jun 2025.

Biopax Limited’s revenue grew 107% to £8.1m in the year to 30 Jun 2025, with a loss of £2.5m and 47 employees. The company is classified under “manufacture of other paper and paperboard containers” and is based in Belfast; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 17219Manufacture of other paper and paperboard containers

Status: Active
Location: Belfast, Northern Ireland
Age: 8 yrs · since 2018
Type: Private Limited Company

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. From the filing: “Cross Family Properties Holdings Limited”

Latest accounts · year to 30 Jun 2025

Key figures

Revenue

£8.1m

Growth ▲106.8%

Profit

−£2.5m

Growth —

Profit margin

−30.3%

Gross 27.3%

Employees

Change ▲95.8%

Profit / employee

−£52.5k

Revenue/employee £173k

Profitable streak

0yrs

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	30 Jun 2023	30 Jun 2024	30 Jun 2025
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£3.9m	£8.1m
Cost of sales	—	£3.5m	£5.9m
Gross profit	—	£407k	£2.2m
Operating profit	—	−£2.4m	−£2.1m
Profit before tax	—	−£2.7m	−£2.5m
Profit after tax	—	−£2.7m	−£2.5m
Profit (best available)	—	−£2.7m	−£2.5m
Employees (average)	24	24	47
Ratios
Profit margin	—	−68.2%	−30.3%
Gross margin	—	10.3%	27.3%
Revenue per employee	—	£164k	£173k
Profit per employee	—	−£112k	−£52.5k
Growth (year on year)
Revenue growth	—	—	▲106.8%
Headcount growth	—	0%	▲95.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£99.8k	£81.8k	£333k
Net assets	−£3.6m	£1.7m	−£753k
Fixed assets	£9.3m	£14m	£13.5m
Current assets	£2.6m	£2.2m	£4.4m
Debtors	£427k	£883k	£1.4m
Deferred income	£153k	£104k	£116k
Source	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: −30.3%; Profit ÷ revenue.
Gross margin: 27.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £173k; Revenue ÷ average employees.
Profit per employee: −£52.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 166.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 17%; 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: ▼144%; Now −£753k
Cash at bank: ▲308%; Now £333k
Headcount: ▲96%; Now 47
Deferred income: ▲11%; Now £116k
Fixed assets: ▼3%; Now £13.5m

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

Corporate ownership

Group structure

Ownership chain

Cross FT Limitedultimate parent75–100%
Cross Family Group Holdings Limited75–100%
Biopax Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Hinch Distillery Holdings LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2025 (profit −£2.5m), from the Companies House accounts bulk data published Mar 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.