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Company No. 08068803 · Incorporated 15 May 2012

Pearl Yachts Ltd

Registered name: PEARL YACHTS LTD

Part of Browne Jacobson LLP group

Pearl Yachts Ltd made £29m revenue and £2.9m profit in the year to 31 Dec 2025. read from filing text

Pearl Yachts Ltd’s revenue was £29m in the year to 31 Dec 2025, with £2.9m profit and 8 employees. The company is classified under “building of pleasure and sporting boats” and is based in Warwick; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 30120Building of pleasure and sporting boats
Status
Active
Location
Warwick, West Midlands
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.

Latest accounts · year to 31 Dec 2025

Key figures

Small teamCapital-lightCash flow filed
Revenue
£29m
Growth —
Profit
£2.9m
Growth —
Profit margin
10%
Gross 26%
Employees
8
Change —
Profit / employee
£361k
Revenue/employee £3.6m
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 to31 Jul 202231 Jul 202331 Dec 202431 Dec 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£17.7m£23.1m£49.1m£29m
Cost of sales£12.6m£17.4m£35.8m£21.4m
Gross profit£5.1m£5.7m£13.3m£7.5m
Operating profit£1.9m£904k£3.6m£3.2m
Profit before tax£1.9m£920k£3.8m£3.3m
Profit after tax£1.9m£920k£3.8m£2.9m
Profit (best available)£1.9m£920k£3.8m£2.9m
Staff costs£577k£633k£1.3m£809k
Employees (average)6788
Ratios
Profit margin10.9%4%7.7%10%
Gross margin28.8%24.7%27.1%26%
Revenue per employee£3m£3.3m£6.1m£3.6m
Profit per employee£323k£131k£474k£361k
Cash conversion138.5%−78.1%−166.6%−15.9%
Growth (year on year)
Revenue growth—▲30.5%——
Profit growth—▼52.5%——
Headcount growth—▲16.7%——
Balance sheet — indirect signals, not revenue
Cash at bank£6m£6.4m£9m£7.9m
Net assets£14.8m£15.7m£16.5m£19.4m
Fixed assets£1.8m£2.1m£2.1m£1.9m
Current assets£21.1m£23.6m£23.6m£27.3m
Debtors£10k£4.4m£5.6m£3.2m
Deferred income£5.1m£5.6m£8.1m£3.9m
Cash from operations£2.7m−£706k−£6.1m−£514k
SourceFullAccounts · bulk data Mar 2024FullAccounts · bulk data Mar 2024FullAccounts · bulk data Jun 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
10%
Profit ÷ revenue.
Gross margin
26%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£3.6m
Revenue ÷ average employees.
Profit per employee
£361k
Profit ÷ average employees.
Cash conversion
−15.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
6.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
13.4%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
11.2%
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
—
Now £19.4m
Cash at bank
—
Now £7.9m
Headcount
—
Now 8
Deferred income
—
Now £3.9m
Fixed assets
—
Now £1.9m

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

  1. Browne Jacobson LLPultimate parent75–100%
  2. Mowbray Trust Corporation Limited75–100%
  3. Pearl Yachts Ltdthis company

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

Sister companies (4)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £2.9m), from the Companies House accounts bulk data published Sep 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.