How much does Naught One Ltd make?

Naught One Ltd reported revenue of £23.3m and £1.8m profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Naught One Ltd have?

Naught One Ltd reported an average of 89 employees in the year to 31 May 2025.

Is Naught One Ltd profitable?

Yes — Naught One Ltd reported a profit of £1.8m in the year to 31 May 2025.

Company No. 05285557 · Incorporated 12 Nov 2004

Naught One Ltd

Registered name: NAUGHT ONE LTD

Part of Naughtone (Holdings) Limited group

Naught One Ltd made £23.3m revenue and £1.8m profit in the year to 31 May 2025. read from filing text

Naught One Ltd’s revenue fell 5% to £23.3m in the year to 31 May 2025, with £1.8m profit and 89 employees. The company is classified under “manufacture of other furniture” and is based in Harrogate; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 31090Manufacture of other furniture

Status: Active
Location: Harrogate, Yorkshire and The Humber
Age: 21 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 NaughtOne (Holdings) Limited, a company incorporated in England and Wales.”

Latest accounts · year to 31 May 2025

Key figures

Capital-light

Revenue

£23.3m

Growth ▼5%

Profit

£1.8m

Growth ▼30.9%

Profit margin

7.8%

Gross 41.4%

Employees

Change ▼2.2%

Profit / employee

£20.4k

Revenue/employee £262k

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 to	31 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£26.2m	£31.9m	£24.5m	£23.3m
Cost of sales	£16.8m	£20.4m	£14.7m	£13.6m
Gross profit	£9.4m	£11.5m	£9.8m	£9.7m
Operating profit	£4.4m	£4.9m	£3.4m	£2.2m
Profit before tax	£4.4m	£4.9m	£3.5m	£2.5m
Profit after tax	£3.6m	£3.9m	£2.6m	£1.8m
Profit (best available)	£3.6m	£3.9m	£2.6m	£1.8m
Staff costs	£3.7m	£4.1m	£4.2m	£4.4m
Employees (average)	83	85	91	89
Ratios
Profit margin	13.7%	12.2%	10.7%	7.8%
Gross margin	35.8%	36.2%	39.9%	41.4%
Revenue per employee	£316k	£375k	£270k	£262k
Profit per employee	£43.3k	£45.8k	£28.9k	£20.4k
Growth (year on year)
Revenue growth	—	▲21.5%	▼23.1%	▼5%
Profit growth	—	▲8.3%	▼32.4%	▼30.9%
Headcount growth	—	▲2.4%	▲7.1%	▼2.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.6m	£3.9m	£4m	£3.7m
Net assets	£5.4m	£6.9m	£9.5m	£7.8m
Fixed assets	£444k	£499k	£950k	£1.7m
Current assets	£12.8m	£10.7m	£12.6m	£17m
Debtors	£2.1m	£2.5m	£1.8m	£3m
Deferred income	£1.5m	£841k	£1.2m	£1.3m
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 7.8%; Profit ÷ revenue.
Gross margin: 41.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £262k; Revenue ÷ average employees.
Profit per employee: £20.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.1%; 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: ▼18%; Now £7.8m
Cash at bank: ▼8%; Now £3.7m
Headcount: ▼2%; Now 89
Deferred income: ▲5%; Now £1.3m
Fixed assets: ▲74%; Now £1.7m

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

Naughtone (Holdings) Limitedultimate parent75–100%
Naught One Ltdthis company

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

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 £1.8m), from the Companies House accounts bulk data published Feb 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.