How much does Masters Pharmaceuticals Limited make?

Masters Pharmaceuticals Limited reported revenue of £30.7m and £1.2m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Masters Pharmaceuticals Limited have?

Masters Pharmaceuticals Limited reported an average of 74 employees in the year to 31 Dec 2025.

Is Masters Pharmaceuticals Limited profitable?

Yes — Masters Pharmaceuticals Limited reported a profit of £1.2m in the year to 31 Dec 2025.

Company No. 01856573 · Incorporated 17 Oct 1984

Masters Pharmaceuticals Limited

Registered name: MASTERS PHARMACEUTICALS LIMITED

Masters Pharmaceuticals Limited made £30.7m revenue and £1.2m profit in the year to 31 Dec 2025.

Masters Pharmaceuticals Limited’s revenue grew 18% to £30.7m in the year to 31 Dec 2025, with £1.2m profit and 74 employees. The company is classified under “manufacture of pharmaceutical preparations” and is based in Elstree; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 21200Manufacture of pharmaceutical preparations SIC 46460Wholesale of pharmaceutical goods SIC 46900Non-specialised wholesale trade

Status: Active
Location: Elstree, East of England
Age: 42 yrs · since 1984
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentOperating leverageDoing more with less

Revenue

£30.7m

Growth ▲17.8%

Profit

£1.2m

Growth ▲1101%

Profit margin

3.8%

Gross 29.1%

Employees

Change ▼7.5%

Profit / employee

£15.7k

Revenue/employee £415k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£26.1m	£26.1m	£30.7m
Cost of sales	−£18.7m	−£18.6m	−£21.7m
Gross profit	£7.4m	£7.4m	£8.9m
Operating profit	−£1m	£509k	£1.3m
Profit before tax	−£1.3m	£289k	£1.2m
Profit after tax	−£1.5m	£97k	£1.2m
Profit (best available)	−£1.5m	£97k	£1.2m
Employees (average)	78	80	74
Ratios
Profit margin	−5.6%	0.4%	3.8%
Gross margin	28.4%	28.5%	29.1%
Revenue per employee	£335k	£326k	£415k
Profit per employee	−£18.9k	£1.2k	£15.7k
Growth (year on year)
Revenue growth	—	▼0.3%	▲17.8%
Profit growth	—	—	▲1101%
Headcount growth	—	▲2.6%	▼7.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Dec 2025	Accounts · bulk data Dec 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.8%; Profit ÷ revenue.
Gross margin: 29.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £415k; Revenue ÷ average employees.
Profit per employee: £15.7k; 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: ▼8%; Now 74
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £1.2m), from the Companies House accounts bulk data published Sep 2026. 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.