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Company No. 01438109 · Incorporated 18 Jul 1979

Hartswood Films Limited

Registered name: HARTSWOOD FILMS LIMITED

Part of Itv PLC group

Hartswood Films Limited made £39.2m revenue and £6.7m profit in the year to 30 Jun 2024.

Hartswood Films Limited’s revenue was £39.2m in the year to 30 Jun 2024, with £6.7m profit and 11 employees. The company is classified under “television programme production activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 59113Television programme production activities
Status
Active
Location
London, London
Age
47 yrs · since 1979
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 2024

Key figures

Capital-lightCash flow filed
Revenue
£39.2m
Growth —
Profit
£6.7m
Growth —
Profit margin
17.2%
Gross 25.4%
Employees
11
Change —
Profit / employee
£611k
Revenue/employee £3.6m
Profitable streak
3yrs
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 to31 Mar 202231 Mar 202330 Jun 2024
DisclosureProfit onlyFull P&LFull P&L
Profit & loss
Revenue (turnover)—£19.3m£39.2m
Cost of sales£41.1m£18.8m£29.2m
Gross profit—£8.9m£10m
Operating profit—£6m£6.1m
Profit before tax—£6.1m£6.7m
Profit after tax£6.6m£6.2m£6.7m
Profit (best available)£6.6m£6.2m£6.7m
Staff costs£1.9m£2m£2m
Employees (average)131211
Ratios
Profit margin—31.9%17.2%
Gross margin—45.8%25.4%
Revenue per employee—£1.6m£3.6m
Profit per employee£510k£514k£611k
Cash conversion—−83.5%−231.4%
Growth (year on year)
Profit growth—▼7%—
Headcount growth—▼7.7%—
Balance sheet — indirect signals, not revenue
Cash at bank£4.9m£9m£24m
Net assets£12.9m£18.4m£24.5m
Fixed assets£92.7k£86.6k£43.1k
Current assets£25.6m£49.6m£71.3m
Debtors£129k£194k£47.6k
Deferred income£7.8m£18.3m£29.2m
Cash from operations—−£5m−£14.1m
SourceFullAccounts · bulk data Dec 2023FullAccounts · bulk data Dec 2023FullAccounts · bulk data Mar 2025
Derived from the latest filing

How the business works

Profit margin
17.2%
Profit ÷ revenue.
Gross margin
25.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£3.6m
Revenue ÷ average employees.
Profit per employee
£611k
Profit ÷ average employees.
Cash conversion
−231.4%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
74.4%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0.1%
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 £24.5m
Cash at bank
—
Now £24m
Headcount
—
Now 11
Deferred income
—
Now £29.2m
Fixed assets
—
Now £43.1k

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

  1. Itv PLCultimate parent75–100%
  2. Itv Studios Holdings Limited75–100%
  3. Itv Studios Limited50–75%
  4. Hartswood Films Limitedthis company

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

Subsidiaries (6)

Sister companies (54)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2024 (profit £6.7m), from the Companies House accounts bulk data published Mar 2025. 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.