How much does The Tolkien Estate Limited make?

The Tolkien Estate Limited reported revenue of £10.9m and £7.3m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does The Tolkien Estate Limited have?

The Tolkien Estate Limited reported an average of 0 employees in the year to 31 Dec 2024.

Is The Tolkien Estate Limited profitable?

Yes — The Tolkien Estate Limited reported a profit of £7.3m in the year to 31 Dec 2024.

Company No. 07842430 · Incorporated 10 Nov 2011

The Tolkien Estate Limited

Registered name: THE TOLKIEN ESTATE LIMITED

The Tolkien Estate Limited made £10.9m revenue and £7.3m profit in the year to 31 Dec 2024. read from filing text

The Tolkien Estate Limited’s revenue fell 46% to £10.9m in the year to 31 Dec 2024, with £7.3m profit and 0 employees. The company is classified under “book publishing” and is based in Oxford; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58110Book publishing

Status: Active
Location: Oxford, South East
Age: 14 yrs · since 2011
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Latest accounts · year to 31 Dec 2024

Key figures

IndependentSmall teamCash flow filed

Revenue

£10.9m

Growth ▼46%

Profit

£7.3m

Growth ▼48.5%

Profit margin

66.7%

Gross 94.6%

Employees

Change —

Profit / employee

—

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£15.9m	£20.2m	£10.9m
Cost of sales	£736k	£973k	£585k
Gross profit	£15.1m	£19.2m	£10.3m
Operating profit	£14.3m	£18.4m	£9.6m
Profit before tax	£14.3m	£18.5m	£9.7m
Profit after tax	£11.5m	£14.1m	£7.3m
Profit (best available)	£11.5m	£14.1m	£7.3m
Employees (average)	0	0	0
Ratios
Profit margin	72.6%	70%	66.7%
Gross margin	95.4%	95.2%	94.6%
Cash conversion	−113.1%	−91.3%	−101.1%
Growth (year on year)
Revenue growth	—	▲27%	▼46%
Profit growth	—	▲22.5%	▼48.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£9m	£14.5m	£4.7m
Net assets	£11.4m	£14.7m	£11.2m
Current assets	£16.4m	£23.8m	£13.5m
Debtors	£7.5m	£9.3m	£8.8m
Deferred income	£854k	£1.1m	£703k
Cash from operations	−£16.2m	−£16.8m	−£9.7m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 66.7%; Profit ÷ revenue.
Gross margin: 94.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: −101.1%; 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: 6.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 80.9%; 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: ▼24%; Now £11.2m
Cash at bank: ▼68%; Now £4.7m
Headcount: —; Now 0
Deferred income: ▼38%; Now £703k
Fixed assets: —; Now —

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

Subsidiaries (1)

The J R R Tolkien Estate LimitedFigures not disclosed

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 Dec 2024 (profit £7.3m), from the Companies House accounts bulk data published Sep 2025. 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.