How much does David Phillips Furniture Ltd make?

David Phillips Furniture Ltd reported revenue of £28.4m and £2.3m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does David Phillips Furniture Ltd have?

David Phillips Furniture Ltd reported an average of 192 employees in the year to 31 Mar 2024.

Is David Phillips Furniture Ltd profitable?

Yes — David Phillips Furniture Ltd reported a profit of £2.3m in the year to 31 Mar 2024.

Company No. 03670521 · Incorporated 19 Nov 1998

David Phillips Furniture Ltd

Registered name: DAVID PHILLIPS FURNITURE LTD

Part of Occam Wile Limited group

David Phillips Furniture Ltd made £28.4m revenue and £2.3m profit in the year to 31 Mar 2024.

David Phillips Furniture Ltd’s revenue grew 20% to £28.4m in the year to 31 Mar 2024, with £2.3m profit and 192 employees. The company is classified under “retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47599Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store

Status: In Administration
Location: London, London
Age: 27 yrs · since 1998
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 Mar 2024

Key figures

Capital-lightDoing more with less

Revenue

£28.4m

Growth ▲20.2%

Profit

£2.3m

Growth —

Profit margin

8.1%

Gross 39.9%

Employees

192

Change ▼6.3%

Profit / employee

£12k

Revenue/employee £148k

Profitable streak

1yr

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 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£23.6m	£28.4m
Cost of sales	£14.3m	£17.1m
Gross profit	£9.3m	£11.3m
Operating profit	−£3m	£2.3m
Profit before tax	−£3m	£2.3m
Profit after tax	−£3m	£2.3m
Profit (best available)	−£3m	£2.3m
Staff costs	£9.8m	£9.3m
Employees (average)	205	192
Ratios
Profit margin	−12.7%	8.1%
Gross margin	39.4%	39.9%
Revenue per employee	£115k	£148k
Profit per employee	−£14.7k	£12k
Growth (year on year)
Revenue growth	—	▲20.2%
Headcount growth	—	▼6.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£1.1m
Net assets	−£18.9m	−£16.6m
Fixed assets	£460k	£328k
Current assets	£6.1m	£10.1m
Debtors	£1.8m	£1.9m
Deferred income	£2.4m	£2.7m
Source	Accounts · bulk data Mar 2025	Accounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: 8.1%; Profit ÷ revenue.
Gross margin: 39.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £148k; Revenue ÷ average employees.
Profit per employee: £12k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.6%; 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: —; Now −£16.6m
Cash at bank: ▼11%; Now £1.1m
Headcount: ▼6%; Now 192
Deferred income: ▲12%; Now £2.7m
Fixed assets: ▼29%; Now £328k

Corporate ownership

Group structure

Ownership chain

Occam Wile Limitedultimate parent75–100%
David Phillips Furniture Ltdthis company

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

Sister companies (4)

David Phillips (Ff&e) LimitedIn AdministrationRev. £12m · Profit −£178k
David Phillips (Rental) LimitedIn Administration/Administrative ReceiverRev. £3.3m · Profit £184k
Milc Property Stylists LtdActive - Proposal to Strike offRev. £2.5m · Profit £152k
Peel Mount Contract Furnishings LimitedLiquidationFigures 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 accounts for the year to 31 Mar 2024 (profit £2.3m), from the Companies House accounts bulk data published Mar 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.