How much does Vapouriz Limited make?

Vapouriz Limited reported revenue of £35.8m and £4.5m profit in the year to 30 Nov 2024, according to its accounts filed at Companies House.

How many employees does Vapouriz Limited have?

Vapouriz Limited reported an average of 125 employees in the year to 30 Nov 2024.

Is Vapouriz Limited profitable?

Yes — Vapouriz Limited reported a profit of £4.5m in the year to 30 Nov 2024.

Company No. 07898106 · Incorporated 5 Jan 2012

Vapouriz Limited

Registered name: VAPOURIZ LIMITED

Part of Japan Tobacco Inc. group

Vapouriz Limited made £35.8m revenue and £4.5m profit in the year to 30 Nov 2024. read from filing text

Vapouriz Limited’s revenue fell 4% to £35.8m in the year to 30 Nov 2024, with £4.5m profit and 125 employees. The company is classified under “other retail sale in non-specialised stores” and is based in Darwen; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47190Other retail sale in non-specialised stores SIC 47910Retail sale via mail order houses or via Internet

Status: Active
Location: Darwen, North West
Age: 14 yrs · since 2012
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 ultimate controlling party as at the balance sheet date was Mr P Boyle by virtue of his majority shareholding in the ultimate parent company, Vintrex Limited (formerly Flavour Warehouse Holdings L”

Latest accounts · year to 30 Nov 2024

Key figures

Capital-light

Revenue

£35.8m

Growth ▼3.5%

Profit

£4.5m

Growth ▲7.9%

Profit margin

12.5%

Gross 30.2%

Employees

125

Change ▲10.6%

Profit / employee

£35.8k

Revenue/employee £287k

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	30 Nov 2022	30 Nov 2023	30 Nov 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£23.6m	£37.2m	£35.8m
Cost of sales	£16.7m	£27.5m	£25m
Gross profit	£6.8m	£9.7m	£10.8m
Operating profit	£2.3m	£5.4m	£6m
Profit before tax	£4.2m	£5.4m	£6m
Profit after tax	£3.7m	£4.1m	£4.5m
Profit (best available)	£3.7m	£4.1m	£4.5m
Staff costs	£3.4m	£3.4m	£3.9m
Employees (average)	109	113	125
Ratios
Profit margin	15.8%	11.2%	12.5%
Gross margin	28.9%	26%	30.2%
Revenue per employee	£216k	£329k	£287k
Profit per employee	£34.2k	£36.7k	£35.8k
Growth (year on year)
Revenue growth	—	▲57.8%	▼3.5%
Profit growth	—	▲11.4%	▲7.9%
Headcount growth	—	▲3.7%	▲10.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£7m	£2.6m	£2.2m
Net assets	£2.7m	£2.8m	£7.3m
Fixed assets	£867k	£914k	£1.3m
Current assets	£12.1m	£9.2m	£8.2m
Debtors	£1.2m	£2.5m	£2.3m
Deferred income	£131k	£150k	£157k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 12.5%; Profit ÷ revenue.
Gross margin: 30.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £287k; Revenue ÷ average employees.
Profit per employee: £35.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.4%; 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: ▲160%; Now £7.3m
Cash at bank: ▼15%; Now £2.2m
Headcount: ▲11%; Now 125
Deferred income: ▲5%; Now £157k
Fixed assets: ▲41%; Now £1.3m

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

Japan Tobacco Inc. (registered outside the UK register)ultimate parent50–75%
Flavour Warehouse Limited75–100%
Vapouriz Limitedthis company

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

Subsidiaries (3)

Vapestars LimitedFigures not disclosed
Vapestore Retail LimitedFigures not disclosed
Vapouriz Labs LimitedFigures not disclosed

Sister companies (7)

Evapo LtdRev. £21.7m · Profit £947k
Easytek LtdFigures not disclosed
Premier Retail Holdings LimitedFigures not disclosed
Premier Vaping LimitedFigures not disclosed
Total Vapour LtdFigures not disclosed
Vampire Vape Eliquids LimitedFigures not disclosed
Vampire Vape 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 30 Nov 2024 (profit £4.5m), from the Companies House accounts bulk data published Jul 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.