Lathams Limited
Registered name: LATHAMS LIMITED
Part of James Latham Public Limited Company groupLathams Limited made £354m revenue and £20m profit in the year to 31 Mar 2025.
Lathams Limited’s revenue was £354m in the year to 31 Mar 2025, with £20m profit. The company is classified under “wholesale of wood, construction materials and sanitary equipment” and is based in Hemel Hempstead; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Hemel Hempstead
- Age
- 56 yrs · since 1969
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £395m | £356m | £354m |
| Cost of sales | −£317m | −£295m | −£294m |
| Gross profit | £78.1m | £61m | £60.6m |
| Operating profit | £43.9m | £26.2m | £23.2m |
| Profit before tax | £44.7m | £29.8m | £26.7m |
| Profit after tax | £36.3m | £22.4m | £20m |
| Profit (best available) | £36.3m | £22.4m | £20m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 9.2% | 6.3% | 5.6% |
| Gross margin | 19.8% | 17.2% | 17.1% |
| Growth (year on year) | |||
| Revenue growth | — | ▼9.9% | ▼0.4% |
| Profit growth | — | ▼38.3% | ▼10.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 5.6%
- Profit ÷ revenue.
- Gross margin
- 17.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- James Latham Public Limited Companyultimate parent75–100%
- Lathams Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (4)
- I.j.k. Timber Group LimitedFigures not disclosed
- Irvin & Sellers LimitedFigures not disclosed
- Keizer Venesta LimitedFigures not disclosed
- Northern Hardwood LimitedFigures not disclosed
Sister companies (5)
- Bausen LimitedFigures not disclosed
- James Latham (Warehousing) LimitedFigures not disclosed
- James Latham Trustee LimitedFigures not disclosed
- Latham Timber Centres (Bridgwater) Ltd.Figures not disclosed
- LDT Westerham LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit £20m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 24 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.