How much does Thames & Hudson (Holdings) Limited make?

Thames & Hudson (Holdings) Limited reported revenue of £52.2m and £1.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Thames & Hudson (Holdings) Limited have?

Thames & Hudson (Holdings) Limited reported an average of 255 employees in the year to 31 Dec 2025.

Is Thames & Hudson (Holdings) Limited profitable?

Yes — Thames & Hudson (Holdings) Limited reported a profit of £1.6m in the year to 31 Dec 2025.

Company No. 01948746 · Incorporated 20 Sep 1985

Thames & Hudson (Holdings) Limited

Registered name: THAMES & HUDSON (HOLDINGS) LIMITED

Thames & Hudson (Holdings) Limited made £52.2m revenue and £1.6m profit in the year to 31 Dec 2025.

Thames & Hudson (Holdings) Limited’s revenue grew 7% to £52.2m in the year to 31 Dec 2025, with £1.6m profit and 255 employees. The company is classified under “book publishing” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58110Book publishing

Status: Active
Location: London, London
Age: 41 yrs · since 1985
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Latest accounts · year to 31 Dec 2025

Key figures

IndependentDoing more with less

Revenue

£52.2m

Growth ▲6.8%

Profit

£1.6m

Growth —

Profit margin

3.1%

Gross 63.7%

Employees

255

Change ▼3.4%

Profit / employee

£6.4k

Revenue/employee £205k

Profitable streak

1yr

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 to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£50.8m	£48.9m	£52.2m
Cost of sales	−£16.8m	−£17.5m	−£18.9m
Gross profit	£34m	£31.4m	£33.2m
Operating profit	£4.5m	−£865k	£984k
Profit before tax	£4.8m	£107k	£2m
Profit after tax	£3.2m	−£379k	£1.6m
Profit (best available)	£3.2m	−£379k	£1.6m
Employees (average)	253	264	255
Ratios
Profit margin	6.3%	−0.8%	3.1%
Gross margin	66.9%	64.3%	63.7%
Revenue per employee	£201k	£185k	£205k
Profit per employee	£12.7k	−£1.4k	£6.4k
Growth (year on year)
Revenue growth	—	▼3.8%	▲6.8%
Profit growth	—	▼111.8%	—
Headcount growth	—	▲4.3%	▼3.4%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Dec 2025	Accounts · bulk data Dec 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.1%; Profit ÷ revenue.
Gross margin: 63.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £205k; Revenue ÷ average employees.
Profit per employee: £6.4k; 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.

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 —
Cash at bank: —; Now —
Headcount: ▼3%; Now 255
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Subsidiaries (2)

Thames & Hudson Publishing LimitedRev. £52.2m · Profit £1.3m
Arts Circle Limited (The)Figures 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 accounts for the year to 31 Dec 2025 (profit £1.6m), 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.