How much does T.h.baker & Co.(Established 1888)Limited make?

T.h.baker & Co.(Established 1888)Limited reported revenue of £27.9m and £123k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does T.h.baker & Co.(Established 1888)Limited have?

T.h.baker & Co.(Established 1888)Limited reported an average of 142 employees in the year to 31 Mar 2025.

Is T.h.baker & Co.(Established 1888)Limited profitable?

Yes — T.h.baker & Co.(Established 1888)Limited reported a profit of £123k in the year to 31 Mar 2025.

Company No. 00506598 · Incorporated 3 Apr 1952

T.h.baker & Co.(Established 1888)Limited

Registered name: T.H.BAKER & CO.(ESTABLISHED 1888)LIMITED

Part of T H Baker Global Incorporated Ltd group

T.h.baker & Co.(Established 1888)Limited made £27.9m revenue and £123k profit in the year to 31 Mar 2025. read from filing text

T.h.baker & Co.(Established 1888)Limited’s revenue grew 12% to £27.9m in the year to 31 Mar 2025, with £123k profit and 142 employees. The company is classified under “retail sale of watches and jewellery in specialised stores” and is based in Halesowen; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47770Retail sale of watches and jewellery in specialised stores SIC 47910Retail sale via mail order houses or via Internet

Status: Active
Location: Halesowen, West Midlands
Age: 74 yrs · since 1952
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. From the filing: “The parent company of T.H.Baker & Co.(Established 1888)Limited is TH Baker Group Limited and its registered office address is Churchfield House, 36 Vicar Street, Dudley, West Midlands, DY2 8RG.”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-light

Revenue

£27.9m

Growth ▲12.2%

Profit

£123k

Growth ▼48.6%

Profit margin

0.4%

Gross 41.3%

Employees

142

Change ▲6%

Profit / employee

£870

Revenue/employee £197k

Profitable streak

4yrs

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£27.7m	£22.2m	£24.9m	£27.9m
Cost of sales	£16.1m	£13.1m	£13.9m	£16.4m
Gross profit	£11.6m	£9.1m	£11m	£11.5m
Operating profit	£634k	£168k	£173k	£105k
Profit before tax	£634k	£168k	£173k	£105k
Profit after tax	£462k	£168k	£240k	£123k
Profit (best available)	£462k	£168k	£240k	£123k
Staff costs	£3.4m	£3.3m	£3.3m	£3.5m
Employees (average)	154	132	134	142
Ratios
Profit margin	1.7%	0.8%	1%	0.4%
Gross margin	41.9%	41.2%	44.3%	41.3%
Revenue per employee	£180k	£168k	£186k	£197k
Profit per employee	£3k	£1.3k	£1.8k	£870
Growth (year on year)
Revenue growth	—	▼20%	▲12.1%	▲12.2%
Profit growth	—	▼63.7%	▲43.1%	▼48.6%
Headcount growth	—	▼14.3%	▲1.5%	▲6%
Balance sheet — indirect signals, not revenue
Cash at bank	£512k	£280k	£316k	£287k
Net assets	£2.2m	£2.3m	£2.6m	£2.7m
Fixed assets	£913k	£1.3m	£1.1m	£751k
Current assets	£15.2m	£14.5m	£14.1m	£15.4m
Debtors	£802k	£755k	£0	£112k
Deferred income	£918k	£388k	£522k	£498k
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 0.4%; Profit ÷ revenue.
Gross margin: 41.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £197k; Revenue ÷ average employees.
Profit per employee: £870; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.4%; 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: ▲5%; Now £2.7m
Cash at bank: ▼9%; Now £287k
Headcount: ▲6%; Now 142
Deferred income: ▼5%; Now £498k
Fixed assets: ▼31%; Now £751k

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

T H Baker Global Incorporated Ltdultimate parent75–100%
T.h.baker & Co.(Established 1888)Limitedthis company

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

Sister companies (9)

West Midland Merchants LimitedRev. £14.3m · Profit −£68.6k
T H Baker Holdings LimitedRev. £0 · Profit −£309
Creedpoint LimitedFigures not disclosed
Hobbies LimitedFigures not disclosed
Kheper LimitedFigures not disclosed
T. H. Baker Goldsmiths LimitedFigures not disclosed
T. H. Baker Group LimitedRev. — · Profit £1.3k
T. H. Baker LimitedFigures not disclosed
T.H. Baker (Management Services) 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 Mar 2025 (profit £123k), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Updated from Companies House on 17 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.