How much does Groves of Thame Limited make?

Groves of Thame Limited reported revenue of £26.9m and £2.4m profit in the year to 30 Jun 2025, according to its accounts filed at Companies House.

How many employees does Groves of Thame Limited have?

Groves of Thame Limited reported an average of 97 employees in the year to 30 Jun 2025.

Is Groves of Thame Limited profitable?

Yes — Groves of Thame Limited reported a profit of £2.4m in the year to 30 Jun 2025.

Company No. 01204782 · Incorporated 24 Mar 1975

Groves of Thame Limited

Registered name: GROVES OF THAME LIMITED

Part of Groves of Thame (Holdings) Limited group

Groves of Thame Limited made £26.9m revenue and £2.4m profit in the year to 30 Jun 2025.

Groves of Thame Limited’s revenue fell 5% to £26.9m in the year to 30 Jun 2025, with £2.4m profit and 97 employees. The company is classified under “wholesale of household goods (other than musical instruments)” and is based in Thame; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46499Wholesale of household goods (other than musical instruments) n.e.c.

Status: Active
Location: Thame, South East
Age: 51 yrs · since 1975
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 30 Jun 2025

Key figures

Capital-lightCash flow filed

Revenue

£26.9m

Growth ▼4.8%

Profit

£2.4m

Growth ▼1.3%

Profit margin

9.1%

Gross 38.6%

Employees

Change ▼8.5%

Profit / employee

£25.1k

Revenue/employee £277k

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	30 Jun 2022	30 Jun 2023	30 Jun 2024	30 Jun 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£30m	£28m	£28.2m	£26.9m
Cost of sales	£18.8m	£17.4m	£17.3m	£16.5m
Gross profit	£11.1m	£10.5m	£10.9m	£10.4m
Operating profit	£4.2m	£1.6m	£2.9m	£2.7m
Profit before tax	£4.4m	£1.7m	£3.3m	£3.3m
Profit after tax	£3.6m	£1.3m	£2.5m	£2.4m
Profit (best available)	£3.6m	£1.3m	£2.5m	£2.4m
Staff costs	£4.3m	£6.1m	£5.1m	£4.6m
Employees (average)	118	121	106	97
Ratios
Profit margin	12.2%	4.7%	8.8%	9.1%
Gross margin	37.2%	37.7%	38.7%	38.6%
Revenue per employee	£254k	£231k	£266k	£277k
Profit per employee	£30.8k	£10.9k	£23.3k	£25.1k
Cash conversion	78.3%	239.8%	73.2%	49.6%
Growth (year on year)
Revenue growth	—	▼6.6%	▲0.9%	▼4.8%
Profit growth	—	▼63.7%	▲87.2%	▼1.3%
Headcount growth	—	▲2.5%	▼12.4%	▼8.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.6m	£8.9m	£11.4m	£6.5m
Net assets	£18.7m	£19.6m	£22.1m	£18m
Fixed assets	£1.3m	£806k	£708k	£727k
Current assets	£20.3m	£22.6m	£24.3m	£19.1m
Debtors	£4.1m	£3.9m	£3.6m	£3.3m
Deferred income	£1.1m	£2.7m	£1.4m	£877k
Cash from operations	£3.3m	£3.8m	£2.1m	£1.4m
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 9.1%; Profit ÷ revenue.
Gross margin: 38.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £277k; Revenue ÷ average employees.
Profit per employee: £25.1k; Profit ÷ average employees.
Cash conversion: 49.6%; 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: 3.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.2%; 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: ▼19%; Now £18m
Cash at bank: ▼42%; Now £6.5m
Headcount: ▼8%; Now 97
Deferred income: ▼37%; Now £877k
Fixed assets: ▲3%; Now £727k

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

Groves of Thame (Holdings) Limitedultimate parent75–100%
Groves of Thame Limitedthis company

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

Sister companies (2)

Adjustoform Products LimitedFigures not disclosed
Sewgroup 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 30 Jun 2025 (profit £2.4m), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.

Updated from Companies House on 23 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.