THAMES & HUDSON LIMITED
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Cash
£5.4m
-9.4% lowest in 3 filed years
Net assets
£22m
+3.6% vs 2024
Employees
232
-4.5% vs 2024
Profit before tax
£960k
+274.2% first positive since 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-10-20.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £43,161,000 | £42,889,000 | £44,074,000 | +2.8% | |
| Operating profit | £3,698,000 | -£578,000 | £1,002,000 | +273.4% | |
| Profit before tax | £3,701,000 | -£551,000 | £960,000 | +274.2% | |
| Net profit | £2,632,000 | -£811,000 | £606,000 | +174.7% | |
| Cash | £7,097,000 | £5,979,000 | £5,416,000 | -9.4% | |
| Total assets less current liabilities | £21,956,000 | £20,980,000 | £21,737,000 | +3.6% | |
| Net assets | £21,956,000 | £20,980,000 | £21,737,000 | +3.6% | |
| Equity | £21,956,000 | £20,980,000 | £21,737,000 | +3.6% | |
| Average employees | 232 | 243 | 232 | -4.5% | |
| Wages | £11,550,000 | £11,597,000 | £11,077,000 | -4.5% | |
| Directors' remuneration | £1,815,000 | £1,866,000 | £1,510,000 | -19.1% | |
| Directors' pension contributions | £89,000 | £77,000 | £104,000 | +35.1% | |
| Highest paid director | £457,000 | £519,000 | £382,000 | -26.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 8.6% | -1.3% | 2.3% | |
| Net margin | 6.1% | -1.9% | 1.4% | |
| Return on capital employed | 16.8% | -2.8% | 4.6% | |
| Gearing (liabilities / total assets) | 44.7% | 46.1% | 47.2% | |
| Current ratio | 2.18x | 2.03x | 1.97x | |
| Interest cover | 10.94x | -2.45x | 6.68x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company and Group ended 2025 with cash balances of £3,797k and £5,416k respectively. Management has considered performance since the balance sheet date and prepared cash flow projections for 2026 and 2027. They are confident the Group will continue to remain in a strong cash position.”
Group structure
- THAMES & HUDSON LIMITED · parent
- Thames & Hudson Australia Pty Limited 100%
- Interart UARL 100%
- Thames & Hudson (S) Pte Limited 100%
- Thames & Hudson Asia Limited 100%
- Arts Distributors Limited 100%
- Asia Publishers Services Limited 100%
- Thames & Hudson Distributors Limited 100%
- Thames & Hudson International Limited 100%
- Thames & Hudson Digital Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARSHALL, Raymond John | Secretary | 2023-11-27 | — | — |
| BALLIETT, Will King | Director | 2015-11-04 | Apr 1959 | American |
| CARTER, Rosamund | Director | 2024-09-16 | Dec 1976 | British |
| CHARKIN, Richard Denis Paul | Director | 2026-01-01 | Jun 1949 | British |
| DIETRICH, Lucas Timothy | Director | 2005-08-01 | Sep 1965 | American |
| FREDERKING, Christian Boris | Director | 2006-01-01 | Oct 1966 | German |
| HONER, Julian Anthony | Director | 2011-05-01 | Feb 1961 | British |
| THOMPSON FABRE, Sophia Lucy Selina | Director | 2013-12-06 | Dec 1968 | British |
| WATTS, Daniel | Director | 2021-01-01 | Dec 1970 | Australian |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATES, Eric | Secretary | — | 1996-03-01 |
| KONTARSKY, Natalie Suzanne | Secretary | 2018-06-29 | 2023-04-28 |
| MEEK, Brian | Secretary | 1996-03-01 | 2018-06-29 |
| BARON, Stanley | Director | 1998-06-05 | 2005-07-31 |
| BATES, Eric | Director | — | 2006-01-31 |
| CAMPLIN, Jamie Robert | Director | — | 2014-03-31 |
| EVANS, Timothy Llewellin | Director | 2013-09-26 | 2017-11-01 |
| EVANS, Timothy Llewellin | Director | — | 2012-03-31 |
| FERGUSON, Christopher Arthur | Director | — | 2016-12-01 |
| FLOOD, Timothy James | Director | — | 2001-06-30 |
| FORSTER, Sarah Louise | Director | 2012-02-23 | 2015-02-13 |
| GRISEBACH, Rolf Hans August | Director | 2013-09-09 | 2019-04-12 |
| GUTTMANN, Werner | Director | — | 1999-04-30 |
| HARVIE, Laurence Anne | Director | 2016-07-01 | 2023-12-31 |
| HUGHES, Philip Arthur Booley | Director | — | 2013-09-20 |
| HUNTLEY, Simon | Director | — | 1996-09-20 |
| KAINE, Constance Margaret | Director | — | 2013-09-20 |
| KESTER, David Martin Albert | Director | 2012-03-01 | 2013-10-10 |
| KONTARSKY, Natalie Suzanne | Director | 2018-07-01 | 2023-04-28 |
| MEADES, Peter | Director | 2001-08-01 | 2011-02-08 |
| MEEK, Brian | Director | 2001-08-01 | 2013-09-20 |
| MIDDLETON, Ian | Director | — | 1996-06-07 |
| NAYLOR, Trevor | Director | 2000-08-01 | 2009-07-03 |
| NEURATH, Eva Urvasi | Director | — | 1999-12-27 |
| NEURATH, Johanna Mikaela | Director | 1999-06-17 | 2024-11-04 |
| NEURATH, Susanna Reisz | Director | 2013-09-26 | 2021-04-30 |
| NEURATH, Thomas Michael | Director | — | 2013-09-20 |
| PALFREYMAN, Neil Leslie | Director | 2000-08-01 | 2026-01-01 |
| RIDLER, Colin Thomas | Director | 2005-08-01 | 2015-08-31 |
| ROMERO-MONTALVO, Leon | Director | 2015-07-22 | 2024-06-30 |
| SAUNDERS-GRIFFITHS, John | Director | 2016-07-01 | 2024-02-08 |
| STANGOS, Nikos | Director | — | 2004-04-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thames & Hudson Publishing Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 194 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type group | |
| 2026-01-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-22 | AA | accounts | Accounts with accounts type group | |
| 2025-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-15 | CH01 | officers | Change person director company with change date | |
| 2025-03-15 | CH01 | officers | Change person director company with change date | |
| 2025-03-15 | CH01 | officers | Change person director company with change date | |
| 2025-02-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-19 | AA | accounts | Accounts with accounts type group | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | CH01 | officers | Change person director company with change date | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-12-08 | CH01 | officers | Change person director company with change date | |
| 2023-10-07 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.