Smartway Pharmaceuticals Limited
Registered name: SMARTWAY PHARMACEUTICALS LIMITED
Part of Smartway PW. Holdings Limited groupSmartway Pharmaceuticals Limited made £244m revenue and £13.1m profit in the year to 31 Mar 2025.
Smartway Pharmaceuticals Limited’s revenue grew 38% to £244m in the year to 31 Mar 2025, with £13.1m profit and 99 employees. The company is classified under “wholesale of pharmaceutical goods” and is based in Leicester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Leicester, East Midlands
- Age
- 13 yrs · since 2013
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £135m | £146m | £177m | £244m |
| Cost of sales | £126m | £131m | £156m | £220m |
| Gross profit | £8.4m | £15m | £20.8m | £24.2m |
| Operating profit | £1.5m | £9.4m | £9.8m | £16.7m |
| Profit before tax | £1.6m | £9.4m | £9.9m | £16.7m |
| Profit after tax | £1.3m | £7.6m | £8m | £13.1m |
| Profit (best available) | £1.3m | £7.6m | £8m | £13.1m |
| Staff costs | £2.9m | £3.4m | £4.2m | — |
| Employees (average) | 81 | 97 | 103 | 99 |
| Ratios | ||||
| Profit margin | 0.9% | 5.2% | 4.5% | 5.4% |
| Gross margin | 6.2% | 10.3% | 11.7% | 9.9% |
| Revenue per employee | £1.7m | £1.5m | £1.7m | £2.5m |
| Profit per employee | £15.6k | £78.5k | £77.9k | £133k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲8.5% | ▲21% | ▲38.2% |
| Profit growth | — | ▲501.8% | ▲5.4% | ▲63.9% |
| Headcount growth | — | ▲19.8% | ▲6.2% | ▼3.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £8.3m | £3.8m | £2.4m | — |
| Net assets | £39.9m | £17.5m | £12m | — |
| Fixed assets | £574k | £862k | £931k | — |
| Current assets | £45.5m | £63.7m | £61.7m | — |
| Debtors | £21.5m | £38.5m | £36.3m | — |
| Deferred income | £48.5k | £3.5m | £131k | — |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Jan 2025 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 5.4%
- Profit ÷ revenue.
- Gross margin
- 9.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2.5m
- Revenue ÷ average employees.
- Profit per employee
- £133k
- 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.
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
- ▼4%
- Now 99
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Smartway PW. Holdings Limitedultimate parent75–100%
- Smartway Pharmaceuticals Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (8)
- B2E Investment LimitedFigures not disclosed
- Overture Capital LimitedFigures not disclosed
- Pharmalink LimitedFigures not disclosed
- Primis Capital LimitedFigures not disclosed
- Smartway Investments LimitedFigures not disclosed
- Smartway Pharma LimitedFigures not disclosed
- Smartway Property LimitedFigures not disclosed
- Smartway Wholesale LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Celltrion Healthcare United Kingdom LimitedUxbridge · Wholesale of pharmaceutical goods
- Revenue
- £156m
- Profit
- £3.8m
- Staff
- 32
- Movianto UK LimitedKempston · Wholesale of pharmaceutical goods
- Revenue
- £210m
- Profit
- £3.5m
- Staff
- 1,434
- Astute Healthcare LimitedHitchin · Wholesale of pharmaceutical goods
- Revenue
- £130m
- Profit
- £1.9m
- Staff
- 62
- Aspire Pharma LimitedGodalming · Wholesale of pharmaceutical goods
- Revenue
- £118m
- Profit
- £21.8m
- Staff
- 114
- Ethigen LimitedEast Kilbride · Wholesale of pharmaceutical goods
- Revenue
- £274m
- Profit
- £2.2m
- Staff
- 444
- Day Lewis Medical LimitedCroydon · Wholesale of pharmaceutical goods
- Revenue
- £281m
- Profit
- £14m
- Staff
- 241
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit £13.1m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 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.