Vapes-Bars Ltd
Registered name: VAPES-BARS LTD
Part of A.matly Group Holdings Ltd groupVapes-Bars Ltd made £163m revenue and £5.2m profit in the year to 29 Jul 2025.
Vapes-Bars Ltd’s revenue fell 5% to £163m in the year to 29 Jul 2025, with £5.2m profit and 6 employees. The company is classified under “manufacture of tobacco products” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2021
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jul 2022 | 29 Jul 2023 | 29 Jul 2024 | 29 Jul 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £116m | £172m | £163m |
| Cost of sales | — | £99.4m | £138m | £130m |
| Gross profit | — | £16.6m | £33.6m | £33m |
| Operating profit | — | £1.7m | £8.3m | £7m |
| Profit before tax | — | £1.7m | £8.3m | £7m |
| Profit after tax | — | £1.4m | £6.2m | £5.2m |
| Profit (best available) | — | £1.4m | £6.2m | £5.2m |
| Employees (average) | 4 | 6 | 5 | 6 |
| Ratios | ||||
| Profit margin | — | 1.2% | 3.6% | 3.2% |
| Gross margin | — | 14.3% | 19.6% | 20.3% |
| Revenue per employee | — | £19.3m | £34.4m | £27.1m |
| Profit per employee | — | £225k | £1.2m | £871k |
| Cash conversion | — | −26.1% | −130.7% | −96.8% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲48.1% | ▼5.4% |
| Profit growth | — | — | ▲359.3% | ▼15.8% |
| Headcount growth | — | ▲50% | ▼16.7% | ▲20% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £78.1k | £401k | £2.3m | £422k |
| Net assets | £504k | £1.8m | £7.8m | £13m |
| Fixed assets | £0 | £24.8k | £8.2m | £15.3m |
| Current assets | £10.2m | £24.8m | £12.2m | £18.3m |
| Debtors | £10m | £21.3m | £6m | £7.3m |
| Deferred income | — | £12.5k | £3.3m | — |
| Cash from operations | — | −£448k | −£10.9m | −£6.7m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 3.2%
- Profit ÷ revenue.
- Gross margin
- 20.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £27.1m
- Revenue ÷ average employees.
- Profit per employee
- £871k
- Profit ÷ average employees.
- Cash conversion
- −96.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.5%
- 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
- ▲67%
- Now £13m
- Cash at bank
- ▼82%
- Now £422k
- Headcount
- ▲20%
- Now 6
- Deferred income
- —
- Now —
- Fixed assets
- ▲86%
- Now £15.3m
Group structure
Ownership chain
- A.matly Group Holdings Ltdultimate parent75–100%
- Vapes-Bars Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- A&m Rydal LtdFigures not disclosed
- Spectre Distribution LtdFigures not disclosed
- True Vaping LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 29 Jul 2025 (profit £5.2m), from the Companies House accounts bulk data published Apr 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.