How much does Hugh Rice Limited make?

Hugh Rice Limited reported revenue of £10.9m and £162k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Hugh Rice Limited have?

Hugh Rice Limited reported an average of 46 employees in the year to 31 Dec 2025.

Is Hugh Rice Limited profitable?

Yes — Hugh Rice Limited reported a profit of £162k in the year to 31 Dec 2025.

Company No. 02065159 · Incorporated 17 Oct 1986

Hugh Rice Limited

Registered name: HUGH RICE LIMITED

Hugh Rice Limited made £10.9m revenue and £162k profit in the year to 31 Dec 2025.

Hugh Rice Limited’s revenue fell 11% to £10.9m in the year to 31 Dec 2025, with £162k profit and 46 employees. The company is classified under “retail sale of watches and jewellery in specialised stores” and is based in Hull; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47770Retail sale of watches and jewellery in specialised stores

Status: Active
Location: Hull, Yorkshire and The Humber
Age: 40 yrs · since 1986
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-light

Revenue

£10.9m

Growth ▼11.1%

Profit

£162k

Growth ▲121.7%

Profit margin

1.5%

Gross 31.6%

Employees

Change ▼17.9%

Profit / employee

£3.5k

Revenue/employee £237k

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 to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.5m	£12.3m	£10.9m
Cost of sales	£8.2m	£8.3m	£7.5m
Gross profit	£4.3m	£4m	£3.4m
Operating profit	£708k	£405k	£499k
Profit before tax	£351k	£117k	£212k
Profit after tax	£444k	£72.9k	£162k
Profit (best available)	£444k	£72.9k	£162k
Staff costs	£1.7m	£1.8m	£1.6m
Employees (average)	56	56	46
Ratios
Profit margin	3.5%	0.6%	1.5%
Gross margin	34.2%	32.8%	31.6%
Revenue per employee	£223k	£219k	£237k
Profit per employee	£7.9k	£1.3k	£3.5k
Growth (year on year)
Revenue growth	—	▼1.7%	▼11.1%
Profit growth	—	▼83.6%	▲121.7%
Headcount growth	—	0%	▼17.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.8k	£1.7k	£480
Net assets	−£2.6m	−£2.5m	−£2.4m
Fixed assets	£201k	£92.2k	£121k
Current assets	£6m	£5.3m	£4.5m
Debtors	£44.5k	£25.9k	£36k
Deferred income	£226k	£93.9k	£103k
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 1.5%; Profit ÷ revenue.
Gross margin: 31.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £237k; Revenue ÷ average employees.
Profit per employee: £3.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.3%; 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 −£2.4m
Cash at bank: ▼71%; Now £480
Headcount: ▼18%; Now 46
Deferred income: ▲9%; Now £103k
Fixed assets: ▲31%; Now £121k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal 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 £162k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 17 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.