How much does GN Hearing UK Ltd make?

GN Hearing UK Ltd reported revenue of £23.6m and £858k profit in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does GN Hearing UK Ltd have?

GN Hearing UK Ltd reported an average of 49 employees in the year to 31 Dec 2022.

Is GN Hearing UK Ltd profitable?

Yes — GN Hearing UK Ltd reported a profit of £858k in the year to 31 Dec 2022.

Company No. 02984645 · Incorporated 31 Oct 1994

GN Hearing UK Ltd

Registered name: GN HEARING UK LTD

Part of Gn Hearing A/S group

GN Hearing UK Ltd made £23.6m revenue and £858k profit in the year to 31 Dec 2022.

GN Hearing UK Ltd’s revenue grew 33% to £23.6m in the year to 31 Dec 2022, with £858k profit and 49 employees. The company is classified under “wholesale of pharmaceutical goods” and is based in Bicester; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46460Wholesale of pharmaceutical goods

Status: Active
Location: Bicester, South East
Age: 31 yrs · since 1994
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: “GN Hearing A/S”

Latest accounts · year to 31 Dec 2022

Key figures

Capital-lightOperating leverage

Revenue

£23.6m

Growth ▲33.1%

Profit

£858k

Growth ▲126.3%

Profit margin

3.6%

Gross 24.8%

Employees

Change ▲44.1%

Profit / employee

£17.5k

Revenue/employee £482k

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£17.8m	£23.6m
Cost of sales	£13.4m	£17.8m
Gross profit	£4.3m	£5.9m
Operating profit	£620k	£1m
Profit before tax	£581k	£1.1m
Profit after tax	£379k	£858k
Profit (best available)	£379k	£858k
Staff costs	£2.2m	£3.3m
Employees (average)	34	49
Ratios
Profit margin	2.1%	3.6%
Gross margin	24.4%	24.8%
Revenue per employee	£522k	£482k
Profit per employee	£11.1k	£17.5k
Growth (year on year)
Revenue growth	—	▲33.1%
Profit growth	—	▲126.3%
Headcount growth	—	▲44.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£343k
Net assets	£12.6m	£8.1m
Fixed assets	£3.6m	£1.5m
Current assets	£15.7m	£12.9m
Debtors	£3.2m	£7.9m
Deferred income	£1.1m	£1.6m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 3.6%; Profit ÷ revenue.
Gross margin: 24.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £482k; Revenue ÷ average employees.
Profit per employee: £17.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 33.6%; 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: ▼35%; Now £8.1m
Cash at bank: ▼67%; Now £343k
Headcount: ▲44%; Now 49
Deferred income: ▲42%; Now £1.6m
Fixed assets: ▼59%; Now £1.5m

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

Gn Hearing A/S (registered outside the UK register)ultimate parent75–100%
GN Hearing UK Ltdthis 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2022 (profit £858k), from the Companies House accounts bulk data published Dec 2023. 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.