Spencer West LLP
Registered name: SPENCER WEST LLP
Spencer West LLP made £38.7m revenue and £2.9m profit in the year to 31 Mar 2026. read from filing text
Spencer West LLP’s revenue grew 5% to £38.7m in the year to 31 Mar 2026, with £2.9m profit and 18 employees. The company is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 15 yrs · since 2010
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. 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 | 31 Dec 2022 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £30.4m | £36.8m | £38.7m |
| Cost of sales | — | £25.7m | £32m | £32.3m |
| Gross profit | — | £4.7m | £4.9m | £6.3m |
| Operating profit | — | £2.5m | £49.7k | £1.3m |
| Profit after tax | — | £2.5m | £1.9m | £2.9m |
| Profit (best available) | — | £2.5m | £1.9m | £2.9m |
| Employees (average) | 4 | 7 | 17 | 18 |
| Ratios | ||||
| Profit margin | — | 8.1% | 5.1% | 7.5% |
| Gross margin | — | 15.6% | 13.2% | 16.4% |
| Revenue per employee | — | £4.3m | £2.2m | £2.1m |
| Profit per employee | — | £354k | £110k | £160k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲5% |
| Profit growth | — | — | — | ▲53.9% |
| Headcount growth | — | — | — | ▲5.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £550k | £1.5m | — | — |
| Net assets | £600k | £2.8m | — | — |
| Fixed assets | £17.6k | £6.3k | — | — |
| Current assets | £2.2m | £5.9m | — | — |
| Debtors | £1.7m | £4.3m | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 7.5%
- Profit ÷ revenue.
- Gross margin
- 16.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2.1m
- Revenue ÷ average employees.
- Profit per employee
- £160k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲6%
- Now 18
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Minority corporate shareholders
- Spencer West Global Ltd (registered outside the UK register)
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £2.9m), from the Companies House accounts bulk data published Sep 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.