How much does Specfab Limited make?

Specfab Limited reported revenue of £5.1m and a loss of £837k in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does Specfab Limited have?

Specfab Limited reported an average of 55 employees in the year to 31 Jan 2025.

Is Specfab Limited profitable?

No — Specfab Limited reported a loss of £837k in the year to 31 Jan 2025.

Company No. NI675585 · Incorporated 14 Jan 2021

Specfab Limited

Registered name: SPECFAB LIMITED

Specfab Limited made £5.1m revenue and a £837k loss in the year to 31 Jan 2025.

Specfab Limited’s revenue fell 59% to £5.1m in the year to 31 Jan 2025, with a loss of £837k and 55 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: 5 yrs · since 2021
Type: Private Limited Company

Latest accounts · year to 31 Jan 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£5.1m

Growth ▼59.5%

Profit

−£837k

Growth ▼191%

Profit margin

−16.5%

Gross −5.5%

Employees

Change ▼28.6%

Profit / employee

−£15.2k

Revenue/employee £92.2k

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	31 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.7m	£12.5m	£5.1m
Cost of sales	£9.5m	£10.3m	£5.3m
Gross profit	£1.3m	£2.3m	−£278k
Operating profit	£781k	£1.2m	−£876k
Profit before tax	£773k	£1.2m	−£884k
Profit after tax	£440k	£920k	−£837k
Profit (best available)	£440k	£920k	−£837k
Staff costs	£2.7m	£2.9m	£2.1m
Employees (average)	61	77	55
Ratios
Profit margin	4.1%	7.4%	−16.5%
Gross margin	11.7%	18%	−5.5%
Revenue per employee	£176k	£162k	£92.2k
Profit per employee	£7.2k	£12k	−£15.2k
Cash conversion	121.4%	36.4%	—
Growth (year on year)
Revenue growth	—	▲16.6%	▼59.5%
Profit growth	—	▲109.4%	▼191%
Headcount growth	—	▲26.2%	▼28.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£794k	£1m	£974k
Net assets	£440k	£1.4m	£523k
Fixed assets	£655k	£558k	£378k
Current assets	£4m	£4.3m	£2.3m
Debtors	£2.1m	£2m	£478k
Deferred income	£66.7k	£83.4k	£53.7k
Cash from operations	£948k	£444k	£73.4k
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: −16.5%; Profit ÷ revenue.
Gross margin: −5.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £92.2k; Revenue ÷ average employees.
Profit per employee: −£15.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.4%; 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: ▼62%; Now £523k
Cash at bank: ▼5%; Now £974k
Headcount: ▼29%; Now 55
Deferred income: ▼36%; Now £53.7k
Fixed assets: ▼32%; Now £378k

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit −£837k), 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.