VS Brands Holdings UK Limited
Registered name: VS BRANDS HOLDINGS UK LIMITED
Part of Next PLC groupVS Brands Holdings UK Limited made £122m revenue and £19.4m profit in the year to 31 Jan 2026.
VS Brands Holdings UK Limited’s revenue grew 10% to £122m in the year to 31 Jan 2026, with £19.4m profit and 767 employees. The company is classified under “retail sale of clothing in specialised stores” and is based in Leicester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Leicester
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 25 Jan 2024 | 25 Jan 2025 | 31 Jan 2025 | 31 Jan 2026 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £114m | £111m | £111m | £122m |
| Cost of sales | −£67.3m | −£68.2m | −£68.2m | −£73.6m |
| Gross profit | £47m | £42.7m | £42.7m | £48.5m |
| Operating profit | £15m | £16.5m | £16.5m | £17.3m |
| Profit before tax | £15m | £16.2m | £16.2m | £17.7m |
| Profit after tax | £11.5m | £13m | £13m | £19.4m |
| Profit (best available) | £11.5m | £13m | £13m | £19.4m |
| Employees (average) | 739 | 632 | 632 | 767 |
| Ratios | ||||
| Profit margin | 10.1% | 11.7% | 11.7% | 15.9% |
| Gross margin | 41.1% | 38.5% | 38.5% | 39.7% |
| Revenue per employee | £155k | £176k | £176k | £159k |
| Profit per employee | £15.6k | £20.5k | £20.5k | £25.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼2.9% | — | ▲10% |
| Profit growth | — | ▲12.4% | — | ▲49.3% |
| Headcount growth | — | ▼14.5% | — | ▲21.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 15.9%
- Profit ÷ revenue.
- Gross margin
- 39.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £159k
- Revenue ÷ average employees.
- Profit per employee
- £25.3k
- 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
- ▲21%
- Now 767
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Next PLCultimate parent75–100%
- Next Group PLC75–100%
- Next Holdings Limited75–100%
- Lipsy Limited50–75%
- VS Brands Holdings UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Intimate Apparel Digital UK LimitedFigures not disclosed
- Intimate Apparel Retail UK LimitedFigures not disclosed
Sister companies (2)
- Next Beauty LimitedFigures not disclosed
- West Apparel UK Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jan 2026 (profit £19.4m), from the Companies House accounts bulk data published Oct 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.