How much does Spicgem Limited make?

Spicgem Limited reported revenue of £16.1m and £1.3m profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Spicgem Limited have?

Spicgem Limited reported an average of 120 employees in the year to 31 May 2025.

Is Spicgem Limited profitable?

Yes — Spicgem Limited reported a profit of £1.3m in the year to 31 May 2025.

Company No. 01294999 · Incorporated 20 Jan 1977

Spicgem Limited

Registered name: SPICGEM LIMITED

Part of Bxfour Group Limited group

Spicgem Limited made £16.1m revenue and £1.3m profit in the year to 31 May 2025.

Spicgem Limited’s revenue grew 6% to £16.1m in the year to 31 May 2025, with £1.3m profit and 120 employees. The company is classified under “manufacture of builders ware of plastic” and is based in Olney; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22230Manufacture of builders ware of plastic

Status: Active
Location: Olney, South East
Age: 49 yrs · since 1977
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.

Latest accounts · year to 31 May 2025

Key figures

Capital-lightOperating leverageDoing more with less

Revenue

£16.1m

Growth ▲5.8%

Profit

£1.3m

Growth ▲10.3%

Profit margin

7.9%

Gross 25.2%

Employees

120

Change ▼9.1%

Profit / employee

£10.6k

Revenue/employee £134k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£14.8m	£18.6m	£15.2m	£16.1m
Cost of sales	£11.4m	£13.4m	£11.2m	£12m
Gross profit	£3.4m	£5.1m	£4m	£4.1m
Operating profit	£1.7m	£3m	£1.5m	£1.6m
Profit before tax	£1.7m	£2.9m	£1.5m	£1.7m
Profit after tax	£1.4m	£2.4m	£1.1m	£1.3m
Profit (best available)	£1.4m	£2.4m	£1.1m	£1.3m
Staff costs	£3.2m	£4.2m	£4m	£4.1m
Employees (average)	112	126	132	120
Ratios
Profit margin	9.5%	13.2%	7.5%	7.9%
Gross margin	23.2%	27.7%	26.4%	25.2%
Revenue per employee	£132k	£147k	£115k	£134k
Profit per employee	£12.5k	£19.4k	£8.7k	£10.6k
Growth (year on year)
Revenue growth	—	▲25.3%	▼18%	▲5.8%
Profit growth	—	▲74.3%	▼52.9%	▲10.3%
Headcount growth	—	▲12.5%	▲4.8%	▼9.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£2.9m	£3.4m	£2.3m
Net assets	£1.4m	£3.4m	£3.9m	£5.1m
Fixed assets	£721k	£752k	£904k	£613k
Current assets	£4.7m	£6m	£5.9m	£7.6m
Debtors	£1.7m	£1.8m	£1.1m	£1.4m
Deferred income	£844k	£534k	£580k	£1.1m
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 7.9%; Profit ÷ revenue.
Gross margin: 25.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £134k; Revenue ÷ average employees.
Profit per employee: £10.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.5%; 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: ▲31%; Now £5.1m
Cash at bank: ▼31%; Now £2.3m
Headcount: ▼9%; Now 120
Deferred income: ▲91%; Now £1.1m
Fixed assets: ▼32%; Now £613k

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

Bxfour Group Limitedultimate parent75–100%
Redglaze Limited75–100%
Spicgem Limitedthis company

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

Subsidiaries (1)

Foilit (Northampton) LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2025 (profit £1.3m), from the Companies House accounts bulk data published Feb 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.