Idexx Laboratories Limited
Registered name: IDEXX LABORATORIES LIMITED
Part of Idexx Laboratories, Inc. groupIdexx Laboratories Limited made £113m revenue and £1.4m profit in the year to 31 Dec 2024. read from filing text
Idexx Laboratories Limited’s revenue grew 8% to £113m in the year to 31 Dec 2024, with £1.4m profit and 392 employees. The company is classified under “veterinary activities” and is based in Wetherby; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Wetherby, Yorkshire and The Humber
- Age
- 36 yrs · since 1989
- 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. From the filing: “In 2024 the immediate parent company was IDEXX B.V., a company incorporated in the Netherlands.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £88.2m | £94.9m | £105m | £113m |
| Cost of sales | £63.9m | £66.8m | £75m | £79m |
| Gross profit | £24.4m | £28.1m | £30.2m | £34.4m |
| Operating profit | £383k | £1.2m | £1.1m | £2.4m |
| Profit before tax | £323k | £1.2m | £910k | £2.1m |
| Profit after tax | £231k | £1m | £649k | £1.4m |
| Profit (best available) | £231k | £1m | £649k | £1.4m |
| Staff costs | £20.3m | £23.6m | £25.4m | £27.1m |
| Employees (average) | 346 | 380 | 388 | 392 |
| Ratios | ||||
| Profit margin | 0.3% | 1.1% | 0.6% | 1.3% |
| Gross margin | 27.6% | 29.6% | 28.7% | 30.3% |
| Revenue per employee | £255k | £250k | £271k | £289k |
| Profit per employee | £668 | £2.7k | £1.7k | £3.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲7.6% | ▲10.8% | ▲7.8% |
| Profit growth | — | ▲344.6% | ▼36.9% | ▲118.9% |
| Headcount growth | — | ▲9.8% | ▲2.1% | ▲1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £10.2m | £5.3m | £11.4m | £13.4m |
| Net assets | £8.3m | £9.3m | £10m | £19.4m |
| Fixed assets | £7.2m | £6.4m | £6.1m | £6.7m |
| Current assets | £28.5m | £22.7m | £36.4m | £34.8m |
| Debtors | £12m | £10.6m | £15.3m | £14.4m |
| Deferred income | £4.3m | £3.9m | £3.9m | £3.8m |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 1.3%
- Profit ÷ revenue.
- Gross margin
- 30.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £289k
- Revenue ÷ average employees.
- Profit per employee
- £3.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.7%
- Money owed by customers. Low = customers pay quickly.
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
- ▲95%
- Now £19.4m
- Cash at bank
- ▲17%
- Now £13.4m
- Headcount
- ▲1%
- Now 392
- Deferred income
- ▼3%
- Now £3.8m
- Fixed assets
- ▲10%
- Now £6.7m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Idexx Laboratories, Inc. (registered outside the UK register)ultimate parent75–100%
- Idexx Laboratories Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.4m), from the Companies House accounts bulk data published Nov 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.