Spectrum Medical Group Limited
Registered name: SPECTRUM MEDICAL GROUP LIMITED
Spectrum Medical Group Limited made £146m revenue and £16.6m profit in the year to 31 Dec 2025.
Spectrum Medical Group Limited’s revenue grew 27% to £146m in the year to 31 Dec 2025, with £16.6m profit and 526 employees. The company is classified under “activities of production holding companies” and is based in Gloucester; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Gloucester, South West
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £82.9m | £114m | £146m |
| Cost of sales | −£18.2m | −£28.6m | −£47m |
| Gross profit | £64.7m | £85.8m | £98.7m |
| Operating profit | £13.2m | £14.3m | £24m |
| Profit before tax | £13m | £13.5m | £22.3m |
| Profit after tax | £10.1m | £10.9m | £16.6m |
| Profit (best available) | £10.1m | £10.9m | £16.6m |
| Employees (average) | 356 | 429 | 526 |
| Ratios | |||
| Profit margin | 12.2% | 9.5% | 11.4% |
| Gross margin | 78% | 75% | 67.8% |
| Revenue per employee | £233k | £267k | £277k |
| Profit per employee | £28.3k | £25.4k | £31.6k |
| Growth (year on year) | |||
| Revenue growth | — | ▲38.1% | ▲27.3% |
| Profit growth | — | ▲8.2% | ▲52.6% |
| Headcount growth | — | ▲20.5% | ▲22.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 11.4%
- Profit ÷ revenue.
- Gross margin
- 67.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £277k
- Revenue ÷ average employees.
- Profit per employee
- £31.6k
- 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
- ▲23%
- Now 526
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (3)
- Track Group Holdings LimitedRev. £258k · Profit £40.6k
- Spectrum Medical International LimitedLiquidationFigures not disclosed
- Spectrum Medical LimitedFigures not disclosed
Minority corporate shareholders
- Quark Bidco Limited 25–50%
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £16.6m), 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.