How much does George Tarratt Limited make?

George Tarratt Limited reported revenue of £46.4m and £2m profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does George Tarratt Limited have?

George Tarratt Limited reported an average of 31 employees in the year to 31 May 2025.

Is George Tarratt Limited profitable?

Yes — George Tarratt Limited reported a profit of £2m in the year to 31 May 2025.

Company No. 03171024 · Incorporated 12 Mar 1996

George Tarratt Limited

Registered name: GEORGE TARRATT LIMITED

Part of George Pragnell Limited group

George Tarratt Limited made £46.4m revenue and £2m profit in the year to 31 May 2025.

George Tarratt Limited’s revenue grew 15% to £46.4m in the year to 31 May 2025, with £2m profit and 31 employees. The company is classified under “retail sale of watches and jewellery in specialised stores” and is based in Leicester; 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 SIC 47791Retail sale of antiques including antique books in stores SIC 47799Retail sale of other second-hand goods in stores (not incl. antiques)SIC 95250Repair of watches, clocks and jewellery

Status: Active
Location: Leicester, East Midlands
Age: 30 yrs · since 1996
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.

Latest accounts · year to 31 May 2025

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£46.4m

Growth ▲14.6%

Profit

£2m

Growth ▲25.1%

Profit margin

4.4%

Gross 11.9%

Employees

Change ▲3.3%

Profit / employee

£65.2k

Revenue/employee £1.5m

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 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£32.2m	£40.5m	£46.4m
Cost of sales	£27.1m	£35.5m	£40.9m
Gross profit	£5m	£5m	£5.5m
Operating profit	£2.6m	£2.2m	£2.7m
Profit before tax	£2.6m	£2.2m	£2.7m
Profit after tax	£2.1m	£1.6m	£2m
Profit (best available)	£2.1m	£1.6m	£2m
Staff costs	£1.4m	£1.8m	£1.9m
Employees (average)	25	30	31
Ratios
Profit margin	6.4%	4%	4.4%
Gross margin	15.6%	12.3%	11.9%
Revenue per employee	£1.3m	£1.3m	£1.5m
Profit per employee	£82.5k	£53.9k	£65.2k
Cash conversion	29.4%	491%	91.5%
Growth (year on year)
Revenue growth	—	▲25.8%	▲14.6%
Profit growth	—	▼21.6%	▲25.1%
Headcount growth	—	▲20%	▲3.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£25.3k	£40k	£98k
Net assets	£13.2m	£4.8m	£5m
Fixed assets	£274k	£357k	£268k
Current assets	£15.4m	£7.6m	£9.2m
Debtors	£13.3k	£202k	£9.6k
Deferred income	£328k	£252k	£186k
Cash from operations	£761k	£10.6m	£2.5m
Source	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 4.4%; Profit ÷ revenue.
Gross margin: 11.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.5m; Revenue ÷ average employees.
Profit per employee: £65.2k; Profit ÷ average employees.
Cash conversion: 91.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▲5%; Now £5m
Cash at bank: ▲145%; Now £98k
Headcount: ▲3%; Now 31
Deferred income: ▼26%; Now £186k
Fixed assets: ▼25%; Now £268k

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

George Pragnell Limitedultimate parent75–100%
George Tarratt Limitedthis company

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

Sister companies (3)

Philip Antrobus LimitedFigures not disclosed
Swiss Watch Distribution LimitedFigures not disclosed
Thomas Cleaver LimitedFigures 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 FullAccounts for the year to 31 May 2025 (profit £2m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 13 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.