How much does P.J. Thory Limited make?

P.J. Thory Limited reported revenue of £24.1m and a loss of £5.7m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does P.J. Thory Limited have?

P.J. Thory Limited reported an average of 119 employees in the year to 31 Dec 2025.

Is P.J. Thory Limited profitable?

No — P.J. Thory Limited reported a loss of £5.7m in the year to 31 Dec 2025.

Company No. 01280198 · Incorporated 5 Oct 1976

P.J. Thory Limited

Registered name: P.J. THORY LIMITED

Part of Holcim Participations (UK) Limited group

P.J. Thory Limited made £24.1m revenue and a £5.7m loss in the year to 31 Dec 2025.

P.J. Thory Limited’s revenue was £24.1m in the year to 31 Dec 2025, with a loss of £5.7m and 119 employees. The company is classified under “freight transport by road” and is based in Coalville; we hold 5 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49410Freight transport by road

Status: Active
Location: Coalville, East Midlands
Age: 50 yrs · since 1976
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

Boring industry

Revenue

£24.1m

Growth —

Profit

−£5.7m

Growth —

Profit margin

−23.7%

Gross 20.3%

Employees

119

Change —

Profit / employee

−£47.9k

Revenue/employee £202k

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.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19.1m	£24m	£22.2m	£30.2m	£24.1m
Cost of sales	£15.5m	£20.3m	£18.4m	£24.1m	£19.2m
Gross profit	£3.6m	£3.7m	£3.8m	£6.1m	£4.9m
Operating profit	£801k	£776k	£708k	£1.8m	−£5m
Profit before tax	£649k	£559k	£384k	£1.4m	−£5.5m
Profit after tax	£510k	£360k	£139k	£990k	−£5.7m
Profit (best available)	£510k	£360k	£139k	£990k	−£5.7m
Staff costs	£5m	£5.7m	£5.6m	£6.2m	£5.3m
Employees (average)	103	105	101	109	119
Ratios
Profit margin	2.7%	1.5%	0.6%	3.3%	−23.7%
Gross margin	18.9%	15.5%	17.1%	20.2%	20.3%
Revenue per employee	£185k	£228k	£220k	£277k	£202k
Profit per employee	£4.9k	£3.4k	£1.4k	£9.1k	−£47.9k
Growth (year on year)
Revenue growth	—	▲25.6%	▼7.6%	▲36%	—
Profit growth	—	▼29.3%	▼61.4%	▲611.1%	—
Headcount growth	—	▲1.9%	▼3.8%	▲7.9%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£179k	£63.9k	£22.8k	£55.1k	£762k
Net assets	£5.1m	£5.5m	£5.3m	£4.9m	£10.7m
Fixed assets	£7.3m	£8.4m	£7.4m	£9.2m	£8m
Current assets	£7m	£7.7m	£7.4m	£11.1m	£9.9m
Debtors	£3.3m	£3.9m	£3.3m	£5.8m	£4.9m
Deferred income	£152k	£194k	£243k	£1m	£1.4m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −23.7%; Profit ÷ revenue.
Gross margin: 20.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £202k; Revenue ÷ average employees.
Profit per employee: −£47.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 33.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.2%; 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: —; Now £10.7m
Cash at bank: —; Now £762k
Headcount: —; Now 119
Deferred income: —; Now £1.4m
Fixed assets: —; Now £8m

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

Holcim Participations (UK) Limitedultimate parent75–100%
Holcim UK Holdings 1 Limited75–100%
Holcim UK Holdings 2 Limited75–100%
Holcim UK Limited75–100%
T & J Thory Holdings Ltd75–100%
P.J. Thory Limitedthis company

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

Sister companies (2)

Gemmix LimitedRev. £17.2m · Profit £206k
Pro Mini Mix LtdRev. — · Profit £61.2k

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 −£5.7m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.