How much does Smuggler London Limited make?

Smuggler London Limited reported revenue of £34.5m and £2m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Smuggler London Limited have?

Smuggler London Limited reported an average of 25 employees in the year to 31 Dec 2025.

Is Smuggler London Limited profitable?

Yes — Smuggler London Limited reported a profit of £2m in the year to 31 Dec 2025.

Company No. 06806477 · Incorporated 30 Jan 2009

Smuggler London Limited

Registered name: SMUGGLER LONDON LIMITED

Smuggler London Limited made £34.5m revenue and £2m profit in the year to 31 Dec 2025. read from filing text

Smuggler London Limited’s revenue grew 29% to £34.5m in the year to 31 Dec 2025, with £2m profit and 25 employees. The company is classified under “television programme production activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 59113Television programme production activities

Status: Active
Location: London, London
Age: 17 yrs · since 2009
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 undertaking of the company is”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightOperating leverage

Revenue

£34.5m

Growth ▲29.5%

Profit

£2m

Growth ▲39.9%

Profit margin

5.9%

Gross 17.1%

Employees

Change ▲4.2%

Profit / employee

£81.5k

Revenue/employee £1.4m

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 2022	31 Dec 2023	31 Dec 2024	31 Dec 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)	£23.7m	£30.8m	£26.7m	£34.5m
Cost of sales	£19.7m	£26.2m	£21.7m	£28.6m
Gross profit	£4m	£4.5m	£4.9m	£5.9m
Operating profit	£1.3m	£1.5m	£1.8m	£2.4m
Profit before tax	£1.4m	£1.6m	£1.8m	£2.5m
Profit after tax	£1.2m	£1.4m	£1.5m	£2m
Profit (best available)	£1.2m	£1.4m	£1.5m	£2m
Staff costs	£1.3m	£1.7m	£1.8m	£2.3m
Employees (average)	18	21	24	25
Ratios
Profit margin	4.9%	4.5%	5.5%	5.9%
Gross margin	16.8%	14.8%	18.5%	17.1%
Revenue per employee	£1.3m	£1.5m	£1.1m	£1.4m
Profit per employee	£64.3k	£66.6k	£60.7k	£81.5k
Cash conversion	−121%	−8.1%	−83.6%	—
Growth (year on year)
Revenue growth	—	▲30.1%	▼13.4%	▲29.5%
Profit growth	—	▲20.7%	▲4.2%	▲39.9%
Headcount growth	—	▲16.7%	▲14.3%	▲4.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.1m	£3.2m	£2.9m	£5.5m
Net assets	£2.6m	£3.2m	£3.4m	£4.9m
Fixed assets	£124k	£125k	£113k	£87.9k
Current assets	£8.9m	£7m	£7m	£10.4m
Debtors	£2.6m	£2m	£818k	£2.5m
Deferred income	£2.2m	£1.8m	£1.7m	£3m
Cash from operations	−£1.6m	−£120k	−£1.5m	—
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 5.9%; Profit ÷ revenue.
Gross margin: 17.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.4m; Revenue ÷ average employees.
Profit per employee: £81.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.1%; 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: ▲44%; Now £4.9m
Cash at bank: ▲89%; Now £5.5m
Headcount: ▲4%; Now 25
Deferred income: ▲74%; Now £3m
Fixed assets: ▼22%; Now £87.9k

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 2025 (profit £2m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.