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Company No. 05034988 · Incorporated 5 Feb 2004

Tourvest Duty Free (UK) Limited

Registered name: TOURVEST DUTY FREE (UK) LIMITED

Tourvest Duty Free (UK) Limited made £26m revenue and £1.2m profit in the year to 31 Aug 2025.

Tourvest Duty Free (UK) Limited’s revenue grew 21% to £26m in the year to 31 Aug 2025, with £1.2m profit and 33 employees. The company is classified under “other retail sale not in stores, stalls or markets” and is based in Feltham; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47990Other retail sale not in stores, stalls or markets
Status
Active
Location
Feltham, London
Age
22 yrs · since 2004
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: “The immediate parent company is Tourvest Holdings (Pty) Ltd, a company incorporated in South Africa. Tourvest Holdings (Pty) Ltd is a 100% subsidiary of Tourvest Group (Pty) Ltd. Tourvest Group (Pty) ”

Latest accounts · year to 31 Aug 2025

Key figures

Doing more with less
Revenue
£26m
Growth ▲20.8%
Profit
£1.2m
Growth ▼55.5%
Profit margin
4.5%
Gross 68%
Employees
33
Change ▼19.5%
Profit / employee
£35.5k
Revenue/employee £788k
Profitable streak
4yrs
Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Aug 202231 Aug 202331 Aug 202431 Aug 2025
DisclosureProfit onlyFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)—£14.3m£21.5m£26m
Cost of sales—£4.4m£6.7m£8.3m
Gross profit—£9.9m£14.8m£17.7m
Operating profit—£4.1m£4m£1.9m
Profit before tax—£3.4m£3.5m£1.6m
Profit after tax£1m£4.1m£2.6m£1.2m
Profit (best available)£1m£4.1m£2.6m£1.2m
Staff costs£1.9m£2.4m——
Employees (average)31354133
Ratios
Profit margin—28.4%12.2%4.5%
Gross margin—69.4%68.7%68%
Revenue per employee—£409k£525k£788k
Profit per employee£33k£116k£64.1k£35.5k
Growth (year on year)
Revenue growth——▲50.3%▲20.8%
Profit growth—▲298.8%▼35.5%▼55.5%
Headcount growth—▲12.9%▲17.1%▼19.5%
Balance sheet — indirect signals, not revenue
Cash at bank£2.6m£4.5m£6.4m£4.7m
Net assets−£5.4m−£1.3m£1.3m£2.5m
Fixed assets£650k£491k£447k£3.3m
Current assets£8.2m£11.6m£14m£14.1m
Debtors£528k£350k£668k£1m
Deferred income£4.3m£1.6m£797k£831k
SourceAccounts · bulk data Jan 2024Accounts · bulk data Jan 2024FullAccounts · bulk data May 2025FullAccounts · bulk data May 2026
Derived from the latest filing

How the business works

Profit margin
4.5%
Profit ÷ revenue.
Gross margin
68%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£788k
Revenue ÷ average employees.
Profit per employee
£35.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
12.7%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
3.2%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
3.9%
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
▲90%
Now £2.5m
Cash at bank
▼27%
Now £4.7m
Headcount
▼20%
Now 33
Deferred income
▲4%
Now £831k
Fixed assets
▲640%
Now £3.3m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Latest figures from FullAccounts for the year to 31 Aug 2025 (profit £1.2m), from the Companies House accounts bulk data published May 2026. 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.