How much does Rex Features Limited make?

Rex Features Limited reported revenue of £8.1m and a loss of £5.2m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Rex Features Limited have?

Rex Features Limited reported an average of 23 employees in the year to 31 Dec 2025.

Is Rex Features Limited profitable?

No — Rex Features Limited reported a loss of £5.2m in the year to 31 Dec 2025.

Company No. 00431261 · Incorporated 17 Mar 1947

Rex Features Limited

Registered name: REX FEATURES LIMITED

Part of Shutterstock, Inc. group

Rex Features Limited made £8.1m revenue and a £5.2m loss in the year to 31 Dec 2025.

Rex Features Limited’s revenue fell 11% to £8.1m in the year to 31 Dec 2025, with a loss of £5.2m and 23 employees. The company is classified under “photographic activities not elsewhere classified” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74209Photographic activities not elsewhere classified

Status: Active
Location: London, London
Age: 79 yrs · since 1947
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 Dec 2025

Key figures

Capital-light

Revenue

£8.1m

Growth ▼11.3%

Profit

−£5.2m

Growth —

Profit margin

−64.1%

Gross −12.4%

Employees

Change ▼14.8%

Profit / employee

−£226k

Revenue/employee £352k

Profitable streak

0yrs

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 to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12m	£9.9m	£9.1m	£8.1m
Cost of sales	£13.1m	£13.1m	£12.3m	£9.1m
Gross profit	−£1.1m	−£3.2m	−£3.2m	−£1m
Operating profit	−£3.5m	−£5.3m	−£4.8m	−£3.8m
Profit before tax	−£3.5m	−£5.3m	−£4.7m	−£5.2m
Profit after tax	−£3.5m	−£5.3m	−£4.8m	−£5.2m
Profit (best available)	−£3.5m	−£5.3m	−£4.8m	−£5.2m
Staff costs	£2.4m	£2.3m	£2.2m	£1.8m
Employees (average)	34	27	27	23
Ratios
Profit margin	−29.4%	−53.7%	−52%	−64.1%
Gross margin	−9.2%	−32.4%	−35.1%	−12.4%
Revenue per employee	£352k	£366k	£338k	£352k
Profit per employee	−£104k	−£197k	−£176k	−£226k
Growth (year on year)
Revenue growth	—	▼17.3%	▼7.6%	▼11.3%
Headcount growth	—	▼20.6%	0%	▼14.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.4m	£2.2m	£2m	£1.1m
Net assets	−£14m	−£19.2m	−£23.8m	−£28.9m
Fixed assets	£3m	£2.6m	£2.2m	£94.6k
Current assets	£14.7m	£10.1m	£12.6m	£15.2m
Debtors	£792k	£298k	£466k	£541k
Deferred income	£2.1m	£864k	£1.1m	£723k
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −64.1%; Profit ÷ revenue.
Gross margin: −12.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £352k; Revenue ÷ average employees.
Profit per employee: −£226k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.7%; 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: —; Now −£28.9m
Cash at bank: ▼46%; Now £1.1m
Headcount: ▼15%; Now 23
Deferred income: ▼36%; Now £723k
Fixed assets: ▼96%; Now £94.6k

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

Shutterstock, Inc. (registered outside the UK register)ultimate parent75–100%
Rex Features (Holdings) Limited75–100%
Rex Features Limitedthis company

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

Subsidiaries (1)

SCP 2020 LimitedFigures 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 Dec 2025 (profit −£5.2m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 11 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.