How much does SPC Europe Limited make?

SPC Europe Limited reported revenue of £33m and £1.1m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does SPC Europe Limited have?

SPC Europe Limited reported an average of 84 employees in the year to 31 Mar 2024.

Is SPC Europe Limited profitable?

Yes — SPC Europe Limited reported a profit of £1.1m in the year to 31 Mar 2024.

Company No. 04098629 · Incorporated 30 Oct 2000

SPC Europe Limited

Registered name: SPC EUROPE LIMITED

Part of SPC Corporate Limited group

SPC Europe Limited made £33m revenue and £1.1m profit in the year to 31 Mar 2024.

SPC Europe Limited’s revenue fell 9% to £33m in the year to 31 Mar 2024, with £1.1m profit and 84 employees. The company is classified under “manufacture of other rubber products” and is based in Westbury; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22190Manufacture of other rubber products

Status: Active
Location: Westbury, South West
Age: 25 yrs · since 2000
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 Mar 2024

Key figures

Cash flow filed

Revenue

£33m

Growth ▼8.7%

Profit

£1.1m

Growth ▼42.6%

Profit margin

3.3%

Gross 19.3%

Employees

Change ▲2.4%

Profit / employee

£12.9k

Revenue/employee £393k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£29m	£36.1m	£33m
Cost of sales	£23.3m	£30.2m	£26.6m
Gross profit	£5.7m	£5.9m	£6.4m
Operating profit	£2.7m	£2.4m	£1.8m
Profit before tax	£2.7m	£2.3m	£1.8m
Profit after tax	£2.3m	£1.9m	£1.1m
Profit (best available)	£2.3m	£1.9m	£1.1m
Staff costs	£3.6m	£4.2m	£4.8m
Employees (average)	79	82	84
Ratios
Profit margin	7.9%	5.2%	3.3%
Gross margin	19.6%	16.5%	19.3%
Revenue per employee	£368k	£441k	£393k
Profit per employee	£29.1k	£23.1k	£12.9k
Cash conversion	8.8%	−48.1%	−139.3%
Growth (year on year)
Revenue growth	—	▲24.4%	▼8.7%
Profit growth	—	▼17.8%	▼42.6%
Headcount growth	—	▲3.8%	▲2.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.3m	£2.1m	£775k
Net assets	£10.3m	£11.9m	£12.8m
Fixed assets	£3.8m	£4.7m	£5.8m
Current assets	£15.2m	£17.3m	£15.3m
Debtors	£5.9m	£7.7m	£6.2m
Deferred income	£1.4m	£1.5m	£1.6m
Cash from operations	£240k	−£1.1m	−£2.5m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 3.3%; Profit ÷ revenue.
Gross margin: 19.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £393k; Revenue ÷ average employees.
Profit per employee: £12.9k; Profit ÷ average employees.
Cash conversion: −139.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 17.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.8%; 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: ▲8%; Now £12.8m
Cash at bank: ▼64%; Now £775k
Headcount: ▲2%; Now 84
Deferred income: ▲9%; Now £1.6m
Fixed assets: ▲25%; Now £5.8m

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

SPC Corporate Limitedultimate parent75–100%
SPC Europe Limitedthis company

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

Subsidiaries (1)

Atr Compounding LimitedFigures not disclosed

Sister companies (4)

Evolve Lubricants LtdFigures not disclosed
Nova Motorsport LimitedFigures not disclosed
SPC Information Systems LimitedFigures not disclosed
SPC IP LtdFigures 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 2024 (profit £1.1m), from the Companies House accounts bulk data published Dec 2024. 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.