How much does Blackhawk Network Emea Limited make?

Blackhawk Network Emea Limited reported revenue of £184m and £16m profit in the year to 3 Jan 2026, according to its accounts filed at Companies House.

How many employees does Blackhawk Network Emea Limited have?

Blackhawk Network Emea Limited reported an average of 421 employees in the year to 3 Jan 2026.

Is Blackhawk Network Emea Limited profitable?

Yes — Blackhawk Network Emea Limited reported a profit of £16m in the year to 3 Jan 2026.

Company No. 04155659 · Incorporated 7 Feb 2001

Blackhawk Network Emea Limited

Registered name: BLACKHAWK NETWORK EMEA LIMITED

Part of Hawk Incentives Holdings Limited group

Blackhawk Network Emea Limited made £184m revenue and £16m profit in the year to 3 Jan 2026.

Blackhawk Network Emea Limited’s revenue grew 13% to £184m in the year to 3 Jan 2026, with £16m profit and 421 employees. The company is classified under “other business support service activities” and is based in Hemel Hempstead; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Hemel Hempstead, South East
Age: 25 yrs · since 2001
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 3 Jan 2026

Key figures

Capital-lightOperating leverageDoing more with less

Revenue

£184m

Growth ▲12.6%

Profit

£16m

Growth ▲23.4%

Profit margin

8.7%

Gross 24%

Employees

421

Change ▼0.9%

Profit / employee

£38k

Revenue/employee £438k

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	30 Dec 2023	28 Dec 2024	3 Jan 2026
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£144m	£164m	£184m
Cost of sales	£104m	£120m	£140m
Gross profit	£39.6m	£43.5m	£44.3m
Operating profit	£11.1m	£12.4m	—
Profit before tax	£14.4m	£17.5m	£20.9m
Profit after tax	£10.8m	£12.9m	£16m
Profit (best available)	£10.8m	£12.9m	£16m
Staff costs	£25.2m	£25.5m	£25.8m
Employees (average)	410	425	421
Ratios
Profit margin	7.5%	7.9%	8.7%
Gross margin	27.5%	26.5%	24%
Revenue per employee	£351k	£385k	£438k
Profit per employee	£26.4k	£30.5k	£38k
Growth (year on year)
Revenue growth	—	▲13.7%	▲12.6%
Profit growth	—	▲19.5%	▲23.4%
Headcount growth	—	▲3.7%	▼0.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£70.5m	£105m	£156m
Net assets	£29m	£41.9m	£57.9m
Fixed assets	£832k	£685k	£971k
Debtors	£114m	£93.2m	£116m
Deferred income	£76.9m	£65.5m	£48.1m
Source	Accounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 8.7%; Profit ÷ revenue.
Gross margin: 24%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £438k; Revenue ÷ average employees.
Profit per employee: £38k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 26.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 62.7%; 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: ▲38%; Now £57.9m
Cash at bank: ▲48%; Now £156m
Headcount: ▼1%; Now 421
Deferred income: ▼27%; Now £48.1m
Fixed assets: ▲42%; Now £971k

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

Hawk Incentives Holdings Limitedultimate parent75–100%
Blackhawk Network Emea Limitedthis company

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

Sister companies (1)

Cyclescheme LimitedRev. £16m · Profit £7.5m

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 FullAccounts for the year to 3 Jan 2026 (profit £16m), from the Companies House accounts bulk data published Sep 2026. 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.