How much does Spaldings Limited make?

Spaldings Limited reported revenue of £28.1m and £927k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Spaldings Limited have?

Spaldings Limited reported an average of 132 employees in the year to 31 Dec 2024.

Is Spaldings Limited profitable?

Yes — Spaldings Limited reported a profit of £927k in the year to 31 Dec 2024.

Company No. 01558147 · Incorporated 24 Apr 1981

Spaldings Limited

Registered name: SPALDINGS LIMITED

Part of Invicta Global Holdings Limited group

Spaldings Limited made £28.1m revenue and £927k profit in the year to 31 Dec 2024.

Spaldings Limited’s revenue was £28.1m in the year to 31 Dec 2024, with £927k profit and 132 employees. The company is classified under “support activities for crop production” and is based in Lincoln; we hold 4 years of its filed accounts.

Full P&L filedSection A · Agriculture, forestry and fishingSIC 01610Support activities for crop production

Status: Active
Location: Lincoln, East Midlands
Age: 45 yrs · since 1981
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: “The company is a 100% subsidiary of Spalding Holdings Limited, a company incorporated in England & Wales. The ultimate controlling Party is Twinings Topco Limited which owns 100% of the share capital ”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£28.1m

Growth —

Profit

£927k

Growth —

Profit margin

3.3%

Gross 42.3%

Employees

132

Change —

Profit / employee

£7k

Revenue/employee £213k

Profitable streak

2yrs

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 Mar 2022	31 Mar 2023	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£23.7m	£24.7m	£18.5m	£28.1m
Cost of sales	£14.4m	£14.9m	£10.6m	£16.2m
Gross profit	£9.3m	£9.8m	£7.9m	£11.9m
Operating profit	£258k	−£600k	£474k	£1.4m
Profit before tax	£251k	−£795k	£223k	£1.1m
Profit after tax	£137k	−£798k	£219k	£927k
Profit (best available)	£137k	−£798k	£219k	£927k
Staff costs	£5.5m	£6.3m	£4.6m	—
Employees (average)	146	133	130	132
Ratios
Profit margin	0.6%	−3.2%	1.2%	3.3%
Gross margin	39.2%	39.7%	42.9%	42.3%
Revenue per employee	£162k	£185k	£142k	£213k
Profit per employee	£938	−£6k	£1.7k	£7k
Cash conversion	−215.5%	—	—	—
Growth (year on year)
Revenue growth	—	▲4%	—	—
Profit growth	—	▼682.5%	—	—
Headcount growth	—	▼8.9%	—	—
Balance sheet — indirect signals, not revenue
Cash at bank	£116k	£542k	£1.4m	—
Net assets	£15.5m	£14.7m	£14.9m	—
Fixed assets	£502k	£351k	£328k	—
Current assets	£18m	£24.6m	£23.5m	—
Debtors	£3.6m	£4.1m	£2.3m	—
Deferred income	£243k	£290k	£245k	—
Cash from operations	−£556k	−£4.6m	—	—
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data May 2024	Accounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: 3.3%; Profit ÷ revenue.
Gross margin: 42.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £213k; Revenue ÷ average employees.
Profit per employee: £7k; 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.

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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now 132
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Invicta Global Holdings Limitedultimate parent75–100%
Twinings Bidco Limited75–100%
Spaldings Holdings Limited75–100%
Spaldings Limitedthis company

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

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 accounts for the year to 31 Dec 2024 (profit £927k), from the Companies House accounts bulk data published Aug 2025. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.