Global Equipment Spares Limited
Registered name: GLOBAL EQUIPMENT SPARES LIMITED
Global Equipment Spares Limited made £11m revenue and £167k profit in the year to 31 Dec 2025.
Global Equipment Spares Limited’s revenue fell 11% to £11m in the year to 31 Dec 2025, with £167k profit and 76 employees. The company is classified under “other manufacturing” and is based in Belfast; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 16 yrs · since 2010
- Type
- Private Limited Company
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 | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £14.1m | £12.4m | £11m |
| Cost of sales | −£10.9m | −£9.8m | −£8.5m |
| Gross profit | £3.3m | £2.6m | £2.6m |
| Operating profit | £38.6k | −£71.9k | £358k |
| Profit before tax | £42.4k | −£69.4k | £358k |
| Profit after tax | £55.4k | £10.5k | £167k |
| Profit (best available) | £55.4k | £10.5k | £167k |
| Employees (average) | 87 | 87 | 76 |
| Ratios | |||
| Profit margin | 0.4% | 0.1% | 1.5% |
| Gross margin | 23.1% | 21.1% | 23.3% |
| Revenue per employee | £162k | £143k | £145k |
| Profit per employee | £636 | £120 | £2.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▼11.9% | ▼11.2% |
| Profit growth | — | ▼81.1% | ▲1493% |
| Headcount growth | — | 0% | ▼12.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 1.5%
- Profit ÷ revenue.
- Gross margin
- 23.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £145k
- Revenue ÷ average employees.
- Profit per employee
- £2.2k
- 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
- ▼13%
- Now 76
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (2)
- Global Equipment Spares Property LimitedFigures not disclosed
- Sharp Screening Products LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £167k), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Updated from Companies House on 13 Oct 2026