Linen Mill Studios Ltd
Registered name: LINEN MILL STUDIOS LTD
Linen Mill Studios Ltd made £4.3m revenue and a £7.1m loss in the year to 31 Dec 2024.
Linen Mill Studios Ltd’s revenue was £4.3m in the year to 31 Dec 2024, with a loss of £7.1m and 67 employees. The company is classified under “operation of historical sites and buildings and similar visitor attractions” and is based in Banbridge; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Banbridge, Northern Ireland
- Age
- 55 yrs · since 1971
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £2m | £2.7m | £4.3m |
| Cost of sales | £923k | £1.7m | £1.5m |
| Gross profit | £1m | £1m | £2.8m |
| Operating profit | −£15m | −£16.8m | −£6.1m |
| Profit before tax | −£15.6m | −£17.5m | −£7.1m |
| Profit after tax | −£14m | −£17.5m | −£7.1m |
| Profit (best available) | −£14m | −£17.5m | −£7.1m |
| Staff costs | £1.6m | £2m | £2.3m |
| Employees (average) | 69 | 66 | 67 |
| Ratios | |||
| Profit margin | −717.2% | −640.5% | −166.9% |
| Gross margin | 52.8% | 37.4% | 64.8% |
| Revenue per employee | £28.3k | £41.3k | £63.5k |
| Profit per employee | −£203k | −£265k | −£106k |
| Growth (year on year) | |||
| Revenue growth | — | ▲39.7% | — |
| Headcount growth | — | ▼4.3% | — |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £332k | £3m | £691k |
| Net assets | £6.5m | £8.9m | £6.8m |
| Fixed assets | £31.8m | £19.9m | £18.5m |
| Current assets | £1.5m | £4m | £1.3m |
| Debtors | £148k | £169k | £109k |
| Deferred income | £2.2m | £2.1m | £917k |
| Cash from operations | — | −£4.8m | −£4.6m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −166.9%
- Profit ÷ revenue.
- Gross margin
- 64.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £63.5k
- Revenue ÷ average employees.
- Profit per employee
- −£106k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 433.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 21.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.6%
- 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 £6.8m
- Cash at bank
- —
- Now £691k
- Headcount
- —
- Now 67
- Deferred income
- —
- Now £917k
- Fixed assets
- —
- Now £18.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Game of Thrones Location Tours LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Profit
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- John Codona's Pleasure Fairs LimitedAberdeen · Operation of historical sites and buildings and similar visitor attractions
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- Churches Conservation Trust Enterprises LimitedNorthampton · Operation of historical sites and buildings and similar visitor attractions
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£7.1m), from the Companies House accounts bulk data published Dec 2025. 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.