Huel Limited
Registered name: HUEL LIMITED
Huel Limited made £214m revenue and £13.1m profit in the year to 31 Jul 2024.
Huel Limited’s revenue grew 16% to £214m in the year to 31 Jul 2024, with £13.1m profit and 226 employees. The company is classified under “manufacture of other food products” and is based in Tring; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Tring, South East
- Age
- 14 yrs · since 2012
- 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 Jul 2023 | 31 Jul 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £184m | £214m |
| Cost of sales | −£78.7m | −£87.8m |
| Gross profit | £106m | £126m |
| Operating profit | £5m | £13.7m |
| Profit before tax | £4.7m | £13.8m |
| Profit after tax | £2.2m | £13.1m |
| Profit (best available) | £2.2m | £13.1m |
| Employees (average) | 209 | 226 |
| Ratios | ||
| Profit margin | 1.2% | 6.1% |
| Gross margin | 57.4% | 59% |
| Revenue per employee | £883k | £947k |
| Profit per employee | £10.5k | £58k |
| Growth (year on year) | ||
| Revenue growth | — | ▲16% |
| Profit growth | — | ▲494.8% |
| Headcount growth | — | ▲8.1% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Nov 2024 | Accounts · bulk data Nov 2024 |
How the business works
- Profit margin
- 6.1%
- Profit ÷ revenue.
- Gross margin
- 59%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £947k
- Revenue ÷ average employees.
- Profit per employee
- £58k
- 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
- ▲8%
- Now 226
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Huel MK LimitedFigures 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 Jul 2024 (profit £13.1m), from the Companies House accounts bulk data published Nov 2024. 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.