Queensmith (Group) Ltd
Registered name: QUEENSMITH (GROUP) LTD
Queensmith (Group) Ltd made £14m revenue and £1.1m profit in the year to 31 Dec 2025.
Queensmith (Group) Ltd’s revenue was £14m in the year to 31 Dec 2025, with £1.1m profit and 91 employees. The company is classified under “retail sale of watches and jewellery in specialised stores” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £12.6m | £14m | £14m |
| Cost of sales | — | £7m | £7.2m | −£7.5m |
| Gross profit | — | £5.6m | £6.7m | £6.5m |
| Operating profit | — | £2.4m | £2.2m | £1.4m |
| Profit before tax | — | £2.4m | £2.3m | £1.5m |
| Profit after tax | — | £980k | £1.6m | £1.1m |
| Profit (best available) | — | £980k | £1.6m | £1.1m |
| Staff costs | — | £2.8m | £3.4m | — |
| Employees (average) | — | 64 | 85 | 91 |
| Ratios | ||||
| Profit margin | — | 7.8% | 11.4% | 7.8% |
| Gross margin | — | 44.3% | 48.2% | 46.3% |
| Revenue per employee | — | £198k | £164k | £154k |
| Profit per employee | — | £15.3k | £18.8k | £11.9k |
| Cash conversion | — | 115.2% | 132.5% | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲10.4% | ▲0.4% |
| Profit growth | — | — | ▲62.7% | ▼31.9% |
| Headcount growth | — | — | ▲32.8% | ▲7.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.1m | £2.3m | £3.6m | — |
| Net assets | £3.1m | £3.9m | £5.2m | — |
| Fixed assets | £1.3m | £1.9m | £2.3m | — |
| Current assets | — | £4.5m | £5.5m | — |
| Debtors | £1.5m | £10.7k | £3.6k | — |
| Cash from operations | — | £2.8m | £2.9m | — |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Jun 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 7.8%
- Profit ÷ revenue.
- Gross margin
- 46.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £154k
- Revenue ÷ average employees.
- Profit per employee
- £11.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲7%
- Now 91
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Central Diamond Company LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £1.1m), from the Companies House accounts bulk data published Jul 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.