How much does Thames & Hudson Limited make?

Thames & Hudson Limited reported revenue of £44.1m and £606k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Thames & Hudson Limited have?

Thames & Hudson Limited reported an average of 232 employees in the year to 31 Dec 2025.

Is Thames & Hudson Limited profitable?

Yes — Thames & Hudson Limited reported a profit of £606k in the year to 31 Dec 2025.

Company No. 00473109 · Incorporated 21 Sep 1949

Thames & Hudson Limited

Registered name: THAMES & HUDSON LIMITED

Part of Thames & Hudson (Holdings) Limited group

Thames & Hudson Limited made £44.1m revenue and £606k profit in the year to 31 Dec 2025.

Thames & Hudson Limited’s revenue grew 3% to £44.1m in the year to 31 Dec 2025, with £606k profit and 232 employees. The company is classified under “book publishing” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58110Book publishing

Status: Active
Location: London, London
Age: 77 yrs · since 1949
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

Doing more with less

Revenue

£44.1m

Growth ▲2.8%

Profit

£606k

Growth —

Profit margin

1.4%

Gross 60.8%

Employees

232

Change ▼4.5%

Profit / employee

£2.6k

Revenue/employee £190k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
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)	£43.2m	£42.9m	£44.1m
Cost of sales	−£15.3m	−£16.9m	−£17.3m
Gross profit	£27.9m	£26m	£26.8m
Operating profit	£3.7m	−£578k	£1m
Profit before tax	£3.7m	−£551k	£960k
Profit after tax	£2.6m	−£811k	£606k
Profit (best available)	£2.6m	−£811k	£606k
Employees (average)	232	243	232
Ratios
Profit margin	6.1%	−1.9%	1.4%
Gross margin	64.5%	60.6%	60.8%
Revenue per employee	£186k	£176k	£190k
Profit per employee	£11.3k	−£3.3k	£2.6k
Growth (year on year)
Revenue growth	—	▼0.6%	▲2.8%
Profit growth	—	▼130.8%	—
Headcount growth	—	▲4.7%	▼4.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Oct 2025	Accounts · bulk data Oct 2025	Accounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 1.4%; Profit ÷ revenue.
Gross margin: 60.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £190k; Revenue ÷ average employees.
Profit per employee: £2.6k; 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.

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 —
Cash at bank: —; Now —
Headcount: ▼5%; Now 232
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Thames & Hudson (Holdings) Limitedultimate parent75–100%
Thames & Hudson Publishing Limited75–100%
Thames & Hudson Limitedthis company

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

Subsidiaries (4)

Arts Distributors LimitedFigures not disclosed
Thames & Hudson Digital LtdFigures not disclosed
Thames & Hudson Distributors LtdFigures not disclosed
Thames & Hudson International LtdFigures 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 accounts for the year to 31 Dec 2025 (profit £606k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.