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Company No. 08574681 · Incorporated 18 Jun 2013

David Yarrow Photography Limited

Registered name: DAVID YARROW PHOTOGRAPHY LIMITED

David Yarrow Photography Limited made £26.1m revenue and £5.8m profit in the year to 31 Dec 2025.

David Yarrow Photography Limited’s revenue grew 30% to £26.1m in the year to 31 Dec 2025, with £5.8m profit and 8 employees. The company is classified under “other specialist photography” and is based in London; we hold 5 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74202Other specialist photography
Status
Active
Location
London, London
Age
13 yrs · since 2013
Type
Private Limited Company
Latest accounts · year to 31 Dec 2025

Key figures

IndependentSmall teamCapital-lightOperating leverageCash flow filed
Revenue
£26.1m
Growth ▲30.5%
Profit
£5.8m
Growth ▲30.7%
Profit margin
22.1%
Gross 55.5%
Employees
8
Change —
Profit / employee
£723k
Revenue/employee £3.3m
Profitable streak
5yrs
Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202131 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&LFull P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£14.6m£16.6m£17.5m£20m£26.1m
Cost of sales£6.3m£8.3m£8.6m£9.6m£11.6m
Gross profit£8.3m£8.3m£8.9m£10.5m£14.5m
Operating profit£4.8m£5m£4.5m£5.9m£7.6m
Profit before tax£4.7m£5m£4.6m£6.1m£7.8m
Profit after tax£3.8m£4.1m£3.5m£4.4m£5.8m
Profit (best available)£3.8m£4.1m£3.5m£4.4m£5.8m
Employees (average)89808
Ratios
Profit margin26.1%24.3%20.3%22.1%22.1%
Gross margin56.7%50%51%52.2%55.5%
Revenue per employee£1.8m£1.8m£2.2m—£3.3m
Profit per employee£478k£450k£444k—£723k
Cash conversion−25.1%−99.9%−57.8%−100.1%−85.7%
Growth (year on year)
Revenue growth—▲13.7%▲5.1%▲14.5%▲30.5%
Profit growth—▲6.1%▼12.4%▲24.6%▲30.7%
Headcount growth—▲12.5%▼11.1%▼100%—
Balance sheet — indirect signals, not revenue
Cash at bank£6.4m£7.2m£6m£6.6m£6.7m
Net assets£8.2m£9m£12.5m£12.9m£14.8m
Fixed assets£181k£145k£376k£186k£253k
Current assets£13.6m£14.6m£16.2m£17.1m£20m
Debtors£3.7m£2.8m£5.1m£5m£5.9m
Deferred income—£1.8m£2.7m£3.2m£4.3m
Cash from operations−£1.2m−£5m−£2.6m−£5.9m−£6.5m
SourceAccounts · bulk data Dec 2023Accounts · bulk data Dec 2023FullAccounts · bulk data Dec 2024FullAccounts · bulk data Aug 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
22.1%
Profit ÷ revenue.
Gross margin
55.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£3.3m
Revenue ÷ average employees.
Profit per employee
£723k
Profit ÷ average employees.
Cash conversion
−85.7%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
16.4%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
22.6%
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
▲14%
Now £14.8m
Cash at bank
▲2%
Now £6.7m
Headcount
—
Now 8
Deferred income
▲36%
Now £4.3m
Fixed assets
▲36%
Now £253k

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)

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

Same industry, similar size

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Industry benchmarks →

Sources

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £5.8m), 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.