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Company No. 09209194 · Incorporated 9 Sep 2014

Spa Motors (Mid Wales) Limited

Registered name: SPA MOTORS (MID WALES) LIMITED

Spa Motors (Mid Wales) Limited made £20.1m revenue and £994k profit in the year to 31 Dec 2025.

Spa Motors (Mid Wales) Limited’s revenue grew 13% to £20.1m in the year to 31 Dec 2025, with £994k profit and 43 employees. The company is classified under “sale of new cars and light motor vehicles” and is based in Llandrindod Wells; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45111Sale of new cars and light motor vehiclesSIC 45112Sale of used cars and light motor vehicles
Status
Active
Location
Llandrindod Wells, Wales
Age
12 yrs · since 2014
Type
Private Limited Company
Latest accounts · year to 31 Dec 2025

Key figures

IndependentOperating leverageCash flow filed
Revenue
£20.1m
Growth ▲13.3%
Profit
£994k
Growth ▲61%
Profit margin
5%
Gross 15%
Employees
43
Change ▲10.3%
Profit / employee
£23.1k
Revenue/employee £467k
Profitable streak
2yrs
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 to31 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureNo P&LNo P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)——£17.7m£20.1m
Cost of sales——£15.1m£17.1m
Gross profit——£2.6m£3m
Operating profit——£973k£1.6m
Profit before tax——£816k£1.5m
Profit after tax——£618k£994k
Profit (best available)——£618k£994k
Staff costs——£1.2m£1.4m
Employees (average)-13-203943
Ratios
Profit margin——3.5%5%
Gross margin——14.9%15%
Revenue per employee——£455k£467k
Profit per employee——£15.8k£23.1k
Cash conversion——72.7%163.3%
Growth (year on year)
Revenue growth———▲13.3%
Profit growth———▲61%
Headcount growth———▲10.3%
Balance sheet — indirect signals, not revenue
Cash at bank£121k£393k£191k£104k
Net assets£1.7m£2.1m£2.7m£5.3m
Fixed assets£1.6m£2.9m£3.3m£7.3m
Current assets£1.9m£2.6m£3.3m£3.8m
Debtors£270k£226k£131k£95.3k
Cash from operations——£707k£2.6m
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2026FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
5%
Profit ÷ revenue.
Gross margin
15%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£467k
Revenue ÷ average employees.
Profit per employee
£23.1k
Profit ÷ average employees.
Cash conversion
163.3%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
36.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0.5%
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
▲93%
Now £5.3m
Cash at bank
▼46%
Now £104k
Headcount
▲10%
Now 43
Deferred income
—
Now —
Fixed assets
▲125%
Now £7.3m
Corporate ownership

Group structure

Subsidiaries (1)

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 £994k), 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.