How much does The Halcyon Gallery Limited make?

The Halcyon Gallery Limited reported revenue of £138m and £4.3m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does The Halcyon Gallery Limited have?

The Halcyon Gallery Limited reported an average of 89 employees in the year to 31 Dec 2025.

Is The Halcyon Gallery Limited profitable?

Yes — The Halcyon Gallery Limited reported a profit of £4.3m in the year to 31 Dec 2025.

Company No. 02542729 · Incorporated 24 Sep 1990

The Halcyon Gallery Limited

Registered name: THE HALCYON GALLERY LIMITED

Part of Halcyon Fine Art Group Holdings Limited group

The Halcyon Gallery Limited made £138m revenue and £4.3m profit in the year to 31 Dec 2025. read from filing text

The Halcyon Gallery Limited’s revenue grew 33% to £138m in the year to 31 Dec 2025, with £4.3m profit and 89 employees. The company is classified under “retail sale in commercial art galleries” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47781Retail sale in commercial art galleries

Status: Active
Location: London, London
Age: 36 yrs · since 1990
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: “The company's immediate and ultimate parent company is Halcyon Fine Art Group Holdings Limited.”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£138m

Growth ▲33.1%

Profit

£4.3m

Growth ▼2.2%

Profit margin

3.1%

Gross 29.8%

Employees

Change ▲11.3%

Profit / employee

£48.7k

Revenue/employee £1.5m

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
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)	£82.3m	£94.6m	£103m	£138m
Cost of sales	£51.9m	£59.9m	£68.7m	£96.7m
Gross profit	£30.4m	£34.7m	£34.6m	£41m
Operating profit	£6.9m	£9.2m	£8.2m	£8m
Profit before tax	£6.1m	£8m	£6.4m	£6m
Profit after tax	£4.8m	£5.9m	£4.4m	£4.3m
Profit (best available)	£4.8m	£5.9m	£4.4m	£4.3m
Staff costs	£6.7m	£7.5m	£8m	£13.5m
Employees (average)	66	71	80	89
Ratios
Profit margin	5.8%	6.3%	4.3%	3.1%
Gross margin	36.9%	36.7%	33.5%	29.8%
Revenue per employee	£1.2m	£1.3m	£1.3m	£1.5m
Profit per employee	£72.8k	£83.7k	£55.4k	£48.7k
Growth (year on year)
Revenue growth	—	—	▲9.3%	▲33.1%
Profit growth	—	—	▼25.3%	▼2.2%
Headcount growth	—	—	▲12.7%	▲11.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£714k	£38.4k	£3.2m	£2.6m
Net assets	£43.1m	£49m	£53.4m	£57.8m
Fixed assets	£8.8m	£10.2m	£8.6m	£6.8m
Current assets	£115m	£125m	£143m	£158m
Debtors	£3.7m	£6.1m	£8.8m	£8.7m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.1%; Profit ÷ revenue.
Gross margin: 29.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.5m; Revenue ÷ average employees.
Profit per employee: £48.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.3%; 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: ▲8%; Now £57.8m
Cash at bank: ▼19%; Now £2.6m
Headcount: ▲11%; Now 89
Deferred income: —; Now —
Fixed assets: ▼20%; Now £6.8m

Corporate ownership

Group structure

Ownership chain

Halcyon Fine Art Group Holdings Limitedultimate parent75–100%
The Halcyon Gallery Limitedthis company

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

Sister companies (2)

Halcyon Art Publishing LimitedFigures not disclosed
Halcyon Fine Art Group LimitedRev. — · Profit £0

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 £4.3m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 24 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.