How much does Humax Electronics Co. Ltd make?

Humax Electronics Co. Ltd reported revenue of £30.9m and £164k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Humax Electronics Co. Ltd have?

Humax Electronics Co. Ltd reported an average of 12 employees in the year to 31 Dec 2023.

Is Humax Electronics Co. Ltd profitable?

Yes — Humax Electronics Co. Ltd reported a profit of £164k in the year to 31 Dec 2023.

Company No. NI032153 · Incorporated 25 Mar 1997

Humax Electronics Co. Ltd

Registered name: HUMAX ELECTRONICS CO. LTD

Part of Humax Co. Ltd (Korea) group

Humax Electronics Co. Ltd made £30.9m revenue and £164k profit in the year to 31 Dec 2023.

Humax Electronics Co. Ltd’s revenue fell 42% to £30.9m in the year to 31 Dec 2023, with £164k profit and 12 employees. The company is classified under “other service activities” and is based in Belfast; we hold 2 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96090Other service activities n.e.c.

Status: Active
Location: Belfast, Northern Ireland
Age: 29 yrs · since 1997
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 2023

Key figures

Capital-light

Revenue

£30.9m

Growth ▼42%

Profit

£164k

Growth ▼64.5%

Profit margin

0.5%

Gross 5.9%

Employees

Change ▼7.7%

Profit / employee

£13.7k

Revenue/employee £2.6m

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£53.3m	£30.9m
Cost of sales	£50.9m	£29.1m
Gross profit	£2.4m	£1.8m
Operating profit	£593k	£491k
Profit before tax	£572k	£268k
Profit after tax	£462k	£164k
Profit (best available)	£462k	£164k
Staff costs	£1.1m	£1.1m
Employees (average)	13	12
Ratios
Profit margin	0.9%	0.5%
Gross margin	4.5%	5.9%
Revenue per employee	£4.1m	£2.6m
Profit per employee	£35.5k	£13.7k
Growth (year on year)
Revenue growth	—	▼42%
Profit growth	—	▼64.5%
Headcount growth	—	▼7.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£363k	£340k
Net assets	£1.6m	£1.8m
Fixed assets	£169k	£175k
Current assets	£20.3m	£11.4m
Debtors	£16.8m	£8.3m
Deferred income	£2m	£887k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 0.5%; Profit ÷ revenue.
Gross margin: 5.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £2.6m; Revenue ÷ average employees.
Profit per employee: £13.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 26.8%; 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: ▲10%; Now £1.8m
Cash at bank: ▼6%; Now £340k
Headcount: ▼8%; Now 12
Deferred income: ▼55%; Now £887k
Fixed assets: ▲3%; Now £175k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Humax Co. Ltd (Korea) (registered outside the UK register)ultimate parent75–100%
Humax Electronics Co. Ltdthis company

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

Subsidiaries (1)

Humax Direct LtdFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £164k), from the Companies House accounts bulk data published Sep 2024. 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.