Thaicorp Ltd
Registered name: THAICORP LTD
Thaicorp Ltd made £14.1m revenue and a £235k loss in the year to 31 Aug 2025. read from filing text
Thaicorp Ltd’s revenue grew 8% to £14.1m in the year to 31 Aug 2025, with a loss of £235k and 37 employees. The company is classified under “activities of other holding companies” and is based in Derby; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Derby, East Midlands
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Aug 2022 | 31 Aug 2023 | 31 Aug 2024 | 31 Aug 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £12.7m | £13m | £14.1m |
| Cost of sales | — | £10.2m | £10.4m | £11.7m |
| Gross profit | — | £2.5m | £2.6m | £2.4m |
| Operating profit | — | £298k | £394k | −£21.5k |
| Profit before tax | — | £173k | £166k | −£239k |
| Profit after tax | — | £142k | £20.3k | −£235k |
| Profit (best available) | — | £142k | £20.3k | −£235k |
| Employees (average) | 4 | 4 | 34 | 37 |
| Ratios | ||||
| Profit margin | — | 1.1% | 0.2% | −1.7% |
| Gross margin | — | 19.4% | 20% | 16.8% |
| Revenue per employee | — | £3.2m | £383k | £380k |
| Profit per employee | — | £35.6k | £598 | −£6.4k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲2.9% | ▲8% |
| Profit growth | — | — | ▼85.7% | ▼1258% |
| Headcount growth | — | 0% | ▲750% | ▲8.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £23.5k | £253k | £130k | £269k |
| Net assets | £200 | £2.3k | £1.3k | £960 |
| Fixed assets | £872k | £3.9m | £3.9m | £3.8m |
| Current assets | £185k | £559k | £731k | £766k |
| Debtors | £162k | £0 | £0 | £0 |
| Deferred income | — | £11.2k | £10.3k | £16.1k |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- −1.7%
- Profit ÷ revenue.
- Gross margin
- 16.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £380k
- Revenue ÷ average employees.
- Profit per employee
- −£6.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 27.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▼28%
- Now £960
- Cash at bank
- ▲107%
- Now £269k
- Headcount
- ▲9%
- Now 37
- Deferred income
- ▲56%
- Now £16.1k
- Fixed assets
- ▼2%
- Now £3.8m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- Imago Estates LtdFigures not disclosed
- Ocean King LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Aug 2025 (profit −£235k), from the Companies House accounts bulk data published May 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.