How much does Label Worx Limited make?

Label Worx Limited reported revenue of £39.3m and £2.3m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Label Worx Limited have?

Label Worx Limited reported an average of 22 employees in the year to 31 Dec 2024.

Is Label Worx Limited profitable?

Yes — Label Worx Limited reported a profit of £2.3m in the year to 31 Dec 2024.

Company No. 06729435 · Incorporated 21 Oct 2008

Label Worx Limited

Registered name: LABEL WORX LIMITED

Label Worx Limited made £39.3m revenue and £2.3m profit in the year to 31 Dec 2024.

Label Worx Limited’s revenue grew 17% to £39.3m in the year to 31 Dec 2024, with £2.3m profit and 22 employees. The company is classified under “other publishing activities” and is based in Hull; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58190Other publishing activities SIC 59200Sound recording and music publishing activities SIC 62090Other information technology service activities SIC 63110Data processing, hosting and related activities

Status: Active
Location: Hull, Yorkshire and The Humber
Age: 17 yrs · since 2008
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightOperating leverageCash flow filed

Revenue

£39.3m

Growth ▲17%

Profit

£2.3m

Growth ▲44.8%

Profit margin

5.8%

Gross 8.4%

Employees

Change ▲37.5%

Profit / employee

£103k

Revenue/employee £1.8m

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 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£28.5m	£34.7m	£33.5m	£39.3m
Cost of sales	£26.6m	£32.4m	£31.2m	£35.9m
Gross profit	£1.9m	£2.2m	£2.4m	£3.3m
Operating profit	£1.4m	£1.6m	£1.9m	£2.8m
Profit before tax	£1.4m	£1.6m	£2m	£3m
Profit after tax	£1.1m	£1.3m	£1.6m	£2.3m
Profit (best available)	£1.1m	£1.3m	£1.6m	£2.3m
Staff costs	£678k	£786k	£714k	£853k
Employees (average)	—	23	16	22
Ratios
Profit margin	4%	3.8%	4.7%	5.8%
Gross margin	6.7%	6.5%	7.1%	8.4%
Revenue per employee	—	£1.5m	£2.1m	£1.8m
Profit per employee	—	£57.5k	£97.5k	£103k
Cash conversion	217.7%	140.2%	105.3%	150%
Growth (year on year)
Revenue growth	—	▲21.5%	▼3.3%	▲17%
Profit growth	—	▲15.8%	▲18.1%	▲44.8%
Headcount growth	—	—	▼30.4%	▲37.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.4m	£6.6m	£2.9m	£2.9m
Net assets	£1.6m	£1.3m	£1.3m	£1.7m
Fixed assets	£288k	£148k	£187k	£166k
Current assets	£11.3m	£12.4m	£12.4m	£16.3m
Debtors	£155k	£166k	£358k	£1.6m
Deferred income	£9.5m	£10.7m	£10.5m	£13.7m
Cash from operations	£3.1m	£2.3m	£2m	£4.2m
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 5.8%; Profit ÷ revenue.
Gross margin: 8.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.8m; Revenue ÷ average employees.
Profit per employee: £103k; Profit ÷ average employees.
Cash conversion: 150%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 35%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.1%; 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: ▲37%; Now £1.7m
Cash at bank: ▲1%; Now £2.9m
Headcount: ▲38%; Now 22
Deferred income: ▲30%; Now £13.7m
Fixed assets: ▼11%; Now £166k

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

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2.3m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Updated from Companies House on 12 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.