How much does O.p. Chocolate Limited make?

O.p. Chocolate Limited reported revenue of £92.4m and £4.9m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does O.p. Chocolate Limited have?

O.p. Chocolate Limited reported an average of 443 employees in the year to 31 Dec 2025.

Is O.p. Chocolate Limited profitable?

Yes — O.p. Chocolate Limited reported a profit of £4.9m in the year to 31 Dec 2025.

Company No. 02557248 · Incorporated 12 Nov 1990

O.p. Chocolate Limited

Registered name: O.P. CHOCOLATE LIMITED

Part of Baronie UK Limited group

O.p. Chocolate Limited made £92.4m revenue and £4.9m profit in the year to 31 Dec 2025.

O.p. Chocolate Limited’s revenue grew 3% to £92.4m in the year to 31 Dec 2025, with £4.9m profit and 443 employees. The company is classified under “manufacture of cocoa and chocolate confectionery” and is based in Merthyr Tydfil; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10821Manufacture of cocoa and chocolate confectionery SIC 10822Manufacture of sugar confectionery

Status: Active
Location: Merthyr Tydfil, Wales
Age: 35 yrs · since 1990
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 Dec 2025

Key figures

Capital-lightDoing more with lessCash flow filed

Revenue

£92.4m

Growth ▲2.6%

Profit

£4.9m

Growth ▼2.1%

Profit margin

5.3%

Gross 12.6%

Employees

443

Change ▼4.7%

Profit / employee

£11k

Revenue/employee £209k

Profitable streak

3yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£56m	£80.1m	£90m	£92.4m
Cost of sales	£51.1m	£69.1m	£78m	£80.8m
Gross profit	£5m	£11m	£12.1m	£11.6m
Operating profit	−£18k	£5.8m	£6.5m	£6.6m
Profit before tax	−£57k	£5.8m	£6.7m	£6.6m
Profit after tax	−£213k	£4.6m	£5m	£4.9m
Profit (best available)	−£213k	£4.6m	£5m	£4.9m
Staff costs	£11.3m	£12.8m	£14.1m	£13.8m
Employees (average)	414	447	465	443
Ratios
Profit margin	−0.4%	5.8%	5.5%	5.3%
Gross margin	8.9%	13.7%	13.4%	12.6%
Revenue per employee	£135k	£179k	£194k	£209k
Profit per employee	−£514	£10.3k	£10.7k	£11k
Cash conversion	—	59.2%	48.3%	88.7%
Growth (year on year)
Revenue growth	—	▲42.9%	▲12.4%	▲2.6%
Profit growth	—	—	▲8%	▼2.1%
Headcount growth	—	▲8%	▲4%	▼4.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£3.8m	£3.8m	£9.3m
Net assets	£13.4m	£18.1m	£23m	£27.9m
Fixed assets	£8.3m	£7.9m	£7.7m	£7.2m
Current assets	£19.6m	£21.1m	£23.9m	£27.2m
Debtors	£8.8m	£12.4m	£11.4m	£9.8m
Deferred income	£1.1m	£2.3m	£1.5m	£1m
Cash from operations	£1m	£3.4m	£3.2m	£5.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 5.3%; Profit ÷ revenue.
Gross margin: 12.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £209k; Revenue ÷ average employees.
Profit per employee: £11k; Profit ÷ average employees.
Cash conversion: 88.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.6%; 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: ▲21%; Now £27.9m
Cash at bank: ▲144%; Now £9.3m
Headcount: ▼5%; Now 443
Deferred income: ▼31%; Now £1m
Fixed assets: ▼7%; Now £7.2m

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

Baronie UK Limitedultimate parent75–100%
O.p. Chocolate 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £4.9m), 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.