How much does Topspec Equine Limited make?

Topspec Equine Limited reported revenue of £13.5m and £374k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Topspec Equine Limited have?

Topspec Equine Limited reported an average of 41 employees in the year to 31 Mar 2025.

Is Topspec Equine Limited profitable?

Yes — Topspec Equine Limited reported a profit of £374k in the year to 31 Mar 2025.

Company No. 03867246 · Incorporated 27 Oct 1999

Topspec Equine Limited

Registered name: TOPSPEC EQUINE LIMITED

Part of Topspec Topco Limited group

Topspec Equine Limited made £13.5m revenue and £374k profit in the year to 31 Mar 2025. read from filing text

Topspec Equine Limited’s revenue fell 2% to £13.5m in the year to 31 Mar 2025, with £374k profit and 41 employees. The company is classified under “manufacture of prepared feeds for farm animals” and is based in Thirsk; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10910Manufacture of prepared feeds for farm animals SIC 10920Manufacture of prepared pet foods

Status: Active
Location: Thirsk, Yorkshire and The Humber
Age: 26 yrs · since 1999
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 ultimate parent company is TopSpec Topco Limited. The ultimate controlling party is K Mickle, by virtue of shareholding.”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-light

Revenue

£13.5m

Growth ▼2.2%

Profit

£374k

Growth ▲1.7%

Profit margin

2.8%

Gross 41.2%

Employees

Change ▲2.5%

Profit / employee

£9.1k

Revenue/employee £328k

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 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)	£13.6m	£14.8m	£13.8m	£13.5m
Cost of sales	£8m	£9.5m	£8.7m	£7.9m
Gross profit	£5.6m	£5.3m	£5.1m	£5.5m
Operating profit	£1.3m	£638k	£438k	£493k
Profit before tax	£1.3m	£638k	£440k	£493k
Profit after tax	£1.1m	£530k	£368k	£374k
Profit (best available)	£1.1m	£530k	£368k	£374k
Staff costs	£1.4m	£1.5m	£1.6m	£1.7m
Employees (average)	39	39	40	41
Ratios
Profit margin	8%	3.6%	2.7%	2.8%
Gross margin	41.2%	35.9%	37%	41.2%
Revenue per employee	£349k	£379k	£344k	£328k
Profit per employee	£27.9k	£13.6k	£9.2k	£9.1k
Growth (year on year)
Revenue growth	—	▲8.5%	▼7%	▼2.2%
Profit growth	—	▼51.2%	▼30.5%	▲1.7%
Headcount growth	—	0%	▲2.6%	▲2.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£1.6m	£1.1m	£936k
Net assets	£3.6m	£4m	£4.2m	£4.1m
Fixed assets	£656k	£704k	£704k	£698k
Current assets	£4.8m	£5.5m	£5.4m	£5.4m
Debtors	£1.5m	£1.5m	£1.3m	£1.3m
Deferred income	—	£50.9k	£81.3k	£69.7k
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 2.8%; Profit ÷ revenue.
Gross margin: 41.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £328k; Revenue ÷ average employees.
Profit per employee: £9.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.5%; 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: ▼4%; Now £4.1m
Cash at bank: ▼12%; Now £936k
Headcount: ▲3%; Now 41
Deferred income: ▼14%; Now £69.7k
Fixed assets: ▼1%; Now £698k

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

Topspec Topco Limitedultimate parent75–100%
Topspec Holdings Limited75–100%
Topspec Equine Limitedthis company

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

Sister companies (2)

Topspec Systems LimitedFigures not disclosed
Vetspec 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 Mar 2025 (profit £374k), from the Companies House accounts bulk data published Dec 2025. 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.