Necessity Supplies Limited
Registered name: NECESSITY SUPPLIES LIMITED
Necessity Supplies Limited made £16.7m revenue and £3.1m profit in the year to 31 Oct 2025. read from filing text
Necessity Supplies Limited’s revenue grew 24% to £16.7m in the year to 31 Oct 2025, with £3.1m profit and 31 employees. The company is classified under “wholesale of pharmaceutical goods” and is based in Northolt; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Northolt, London
- Age
- 40 yrs · since 1986
- 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 under the common control of the directors, who are also the controlling shareholders”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 | 31 Oct 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £18.6m | £13.6m | £13.4m | £16.7m |
| Cost of sales | £16.5m | £13.1m | £12.4m | £16m |
| Gross profit | £2.1m | £501k | £1m | £684k |
| Operating profit | £82.3k | −£1.4m | −£1.1m | £2.1m |
| Profit before tax | £83.5k | −£1.5m | −£1.1m | £4.1m |
| Profit after tax | £66k | −£954k | −£802k | £3.1m |
| Profit (best available) | £66k | −£954k | −£802k | £3.1m |
| Staff costs | £970k | £1.1m | £1.1m | £1.1m |
| Employees (average) | 29 | 31 | 32 | 31 |
| Ratios | ||||
| Profit margin | 0.4% | −7% | −6% | 18.5% |
| Gross margin | 11.5% | 3.7% | 7.7% | 4.1% |
| Revenue per employee | £643k | £440k | £420k | £537k |
| Profit per employee | £2.3k | −£30.8k | −£25.1k | £99.4k |
| Cash conversion | 804.1% | — | — | 109.4% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼26.9% | ▼1.5% | ▲24.1% |
| Profit growth | — | ▼1546% | — | — |
| Headcount growth | — | ▲6.9% | ▲3.2% | ▼3.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £980k | £2.1m | £160k | £164k |
| Net assets | £7.8m | £6.8m | £6m | £9.1m |
| Fixed assets | £1m | £1.1m | £1m | £1m |
| Current assets | £14.7m | £13.1m | £13.4m | £19.6m |
| Debtors | £7m | £6.1m | £5.8m | £6.1m |
| Deferred income | £34.7k | £420k | £73.3k | £550k |
| Cash from operations | £662k | −£1.5m | £1.5m | £2.3m |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 18.5%
- Profit ÷ revenue.
- Gross margin
- 4.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £537k
- Revenue ÷ average employees.
- Profit per employee
- £99.4k
- Profit ÷ average employees.
- Cash conversion
- 109.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 36.8%
- 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
- ▲51%
- Now £9.1m
- Cash at bank
- ▲2%
- Now £164k
- Headcount
- ▼3%
- Now 31
- Deferred income
- ▲650%
- Now £550k
- Fixed assets
- ▼3%
- Now £1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Idorsia Pharmaceuticals UK LimitedLondon · Wholesale of pharmaceutical goods
- Revenue
- £16m
- Profit
- £5.7k
- Staff
- 14
- Medartis LimitedDerby · Wholesale of pharmaceutical goods
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- £17.8m
- Profit
- £819k
- Staff
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- Alium Medical LimitedBorehamwood · Wholesale of pharmaceutical goods
- Revenue
- £17.8m
- Profit
- £1.1m
- Staff
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- Krka UK LtdSlough · Wholesale of pharmaceutical goods
- Revenue
- £18.3m
- Profit
- £753k
- Staff
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- Trion Pharma LimitedCoventry · Wholesale of pharmaceutical goods
- Revenue
- £19.2m
- Profit
- £6.2m
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- Richardson Healthcare LimitedWholesale of pharmaceutical goods
- Revenue
- £19.2m
- Profit
- £2.2m
- Staff
- 16
Sources
Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £3.1m), from the Companies House accounts bulk data published Jul 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.