How much does Thames & Hudson Publishing Limited make?

Thames & Hudson Publishing Limited reported revenue of £52.2m and £1.3m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Thames & Hudson Publishing Limited have?

Thames & Hudson Publishing Limited reported an average of 249 employees in the year to 31 Dec 2025.

Is Thames & Hudson Publishing Limited profitable?

Yes — Thames & Hudson Publishing Limited reported a profit of £1.3m in the year to 31 Dec 2025.

Company No. 09082639 · Incorporated 11 Jun 2014

Thames & Hudson Publishing Limited

Registered name: THAMES & HUDSON PUBLISHING LIMITED

Part of Thames & Hudson (Holdings) Limited group

Thames & Hudson Publishing Limited made £52.2m revenue and £1.3m profit in the year to 31 Dec 2025.

Thames & Hudson Publishing Limited’s revenue grew 7% to £52.2m in the year to 31 Dec 2025, with £1.3m profit and 249 employees. The company is classified under “book publishing” and is based in London; we hold 3 years of its filed accounts.

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

Status: Active
Location: London, London
Age: 12 yrs · since 2014
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

Doing more with less

Revenue

£52.2m

Growth ▲6.8%

Profit

£1.3m

Growth —

Profit margin

2.4%

Gross 63.7%

Employees

249

Change ▼3.9%

Profit / employee

£5k

Revenue/employee £210k

Profitable streak

1yr

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 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£50.8m	£48.9m	£52.2m
Cost of sales	−£16.8m	−£17.5m	−£18.9m
Gross profit	£34m	£31.4m	£33.2m
Operating profit	£4.9m	−£244k	£1.7m
Profit before tax	£4.9m	−£213k	£1.6m
Profit after tax	£3.7m	−£699k	£1.3m
Profit (best available)	£3.7m	−£699k	£1.3m
Employees (average)	248	259	249
Ratios
Profit margin	7.2%	−1.4%	2.4%
Gross margin	66.9%	64.3%	63.7%
Revenue per employee	£205k	£189k	£210k
Profit per employee	£14.8k	−£2.7k	£5k
Growth (year on year)
Revenue growth	—	▼3.8%	▲6.8%
Profit growth	—	▼119%	—
Headcount growth	—	▲4.4%	▼3.9%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Dec 2025	Accounts · bulk data Dec 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 2.4%; Profit ÷ revenue.
Gross margin: 63.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £210k; Revenue ÷ average employees.
Profit per employee: £5k; 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.

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 —
Cash at bank: —; Now —
Headcount: ▼4%; Now 249
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Thames & Hudson (Holdings) Limitedultimate parent75–100%
Thames & Hudson Publishing Limitedthis company

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

Subsidiaries (1)

Thames & Hudson LimitedRev. £44.1m · Profit £606k

Sister companies (1)

Arts Circle Limited (The)Figures not disclosed

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £1.3m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.