How much does Honey Brothers Limited make?

Honey Brothers Limited reported revenue of £14.4m and £183k profit in the year to 30 Dec 2024, according to its accounts filed at Companies House.

How many employees does Honey Brothers Limited have?

Honey Brothers Limited reported an average of 39 employees in the year to 30 Dec 2024.

Is Honey Brothers Limited profitable?

Yes — Honey Brothers Limited reported a profit of £183k in the year to 30 Dec 2024.

Company No. 06298752 · Incorporated 2 Jul 2007

Honey Brothers Limited

Registered name: HONEY BROTHERS LIMITED

Part of Vsguk Limited group

Honey Brothers Limited made £14.4m revenue and £183k profit in the year to 30 Dec 2024.

Honey Brothers Limited’s revenue grew 9% to £14.4m in the year to 30 Dec 2024, with £183k profit and 39 employees. The company is classified under “other business support service activities” and is based in Bristol; we hold 4 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: Bristol, South West
Age: 19 yrs · since 2007
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 30 Dec 2024

Key figures

Capital-lightCash flow filed

Revenue

£14.4m

Growth ▲9.4%

Profit

£183k

Growth ▼53.4%

Profit margin

1.3%

Gross 20.5%

Employees

Change ▲21.9%

Profit / employee

£4.7k

Revenue/employee £368k

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 Mar 2022	31 Dec 2022	31 Dec 2023	30 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13.6m	£9.3m	£13.1m	£14.4m
Cost of sales	£10.1m	£7m	£9.7m	£11.4m
Gross profit	£3.5m	£2.3m	£3.4m	£2.9m
Operating profit	£855k	£147k	£373k	£295k
Profit before tax	£839k	£130k	£374k	£298k
Profit after tax	£624k	£121k	£392k	£183k
Profit (best available)	£624k	£121k	£392k	£183k
Staff costs	£1.3m	£917k	£1.4m	£1.6m
Employees (average)	39	42	32	39
Ratios
Profit margin	4.6%	1.3%	3%	1.3%
Gross margin	25.6%	25.2%	26%	20.5%
Revenue per employee	£350k	£221k	£410k	£368k
Profit per employee	£16k	£2.9k	£12.3k	£4.7k
Cash conversion	—	—	−214.7%	−389.9%
Growth (year on year)
Revenue growth	—	—	—	▲9.4%
Profit growth	—	—	—	▼53.4%
Headcount growth	—	—	—	▲21.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£970k	£434k	£499k	£399k
Net assets	£3.1m	£2.9m	£3.3m	£3.5m
Fixed assets	£1.9m	£363k	£343k	£153k
Current assets	£3.9m	£4.2m	£4m	£5.8m
Debtors	£1m	£1.1m	£592k	£682k
Deferred income	£125k	£185k	£107k	£160k
Cash from operations	—	—	−£800k	−£1.1m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 1.3%; Profit ÷ revenue.
Gross margin: 20.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £368k; Revenue ÷ average employees.
Profit per employee: £4.7k; Profit ÷ average employees.
Cash conversion: −389.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.8%; 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: ▲6%; Now £3.5m
Cash at bank: ▼20%; Now £399k
Headcount: ▲22%; Now 39
Deferred income: ▲50%; Now £160k
Fixed assets: ▼55%; Now £153k

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

Vsguk Limitedultimate parent75–100%
Honey Brothers Limitedthis company

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

Sister companies (2)

Tacklestore LimitedRev. £28.7m · Profit £1.2m
Tree Kit LimitedRev. £40.8k · Profit −£923

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Dec 2024 (profit £183k), from the Companies House accounts bulk data published Jun 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.