How much does Heatherwick Studio Limited make?

Heatherwick Studio Limited reported revenue of £36.9m and £2.7m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Heatherwick Studio Limited have?

Heatherwick Studio Limited reported an average of 221 employees in the year to 31 Mar 2025.

Is Heatherwick Studio Limited profitable?

Yes — Heatherwick Studio Limited reported a profit of £2.7m in the year to 31 Mar 2025.

Company No. 04170748 · Incorporated 1 Mar 2001

Heatherwick Studio Limited

Registered name: HEATHERWICK STUDIO LIMITED

Heatherwick Studio Limited made £36.9m revenue and £2.7m profit in the year to 31 Mar 2025.

Heatherwick Studio Limited’s revenue fell 13% to £36.9m in the year to 31 Mar 2025, with £2.7m profit and 221 employees. The company is classified under “architectural activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71111Architectural activities SIC 71112Urban planning and landscape architectural activities SIC 71200Technical testing and analysis

Status: Active
Location: London, London
Age: 25 yrs · since 2001
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

Independent

Revenue

£36.9m

Growth ▼12.9%

Profit

£2.7m

Growth ▼29.3%

Profit margin

7.2%

Gross 45.8%

Employees

221

Change ▼5.6%

Profit / employee

£12.1k

Revenue/employee £167k

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 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£49.6m	£42.3m	£36.9m
Cost of sales	−£20.8m	−£23.8m	−£20m
Gross profit	£28.8m	£18.5m	£16.9m
Operating profit	£17.7m	£5m	£3.6m
Profit before tax	£17.6m	£4.7m	£3.3m
Profit after tax	£15.2m	£3.8m	£2.7m
Profit (best available)	£15.2m	£3.8m	£2.7m
Employees (average)	218	234	221
Ratios
Profit margin	30.6%	8.9%	7.2%
Gross margin	58%	43.8%	45.8%
Revenue per employee	£227k	£181k	£167k
Profit per employee	£69.7k	£16.1k	£12.1k
Growth (year on year)
Revenue growth	—	▼14.6%	▼12.9%
Profit growth	—	▼75.2%	▼29.3%
Headcount growth	—	▲7.3%	▼5.6%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jan 2025	Accounts · bulk data Jan 2025	Accounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 7.2%; Profit ÷ revenue.
Gross margin: 45.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £167k; Revenue ÷ average employees.
Profit per employee: £12.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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 —
Cash at bank: —; Now —
Headcount: ▼6%; Now 221
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2025 (profit £2.7m), from the Companies House accounts bulk data published Dec 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.