GALLAHER LIMITED
Operating as the UK trading subsidiary of Japan Tobacco Inc, the private company manufactures and distributes tobacco products, e-cigarettes, and nicotine pouches under brands including Benson & Hedges, Silk Cut, Sterling, Mayfair, and Hamlet.
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Cash
—
Latest balance sheet
Net assets
£430m
+0.8% highest in 3 filed years
Employees
573
+0.5% highest in 3 filed years
Profit before tax
£153m
+14.8% highest in 3 filed years
Net assets
3-year trend · vs Consumer Staples 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 | £4,987,400,000 | £4,745,200,000 | £4,446,400,000 | -6.3% | |
| Operating profit | £72,100,000 | £110,700,000 | £127,800,000 | +15.4% | |
| Profit before tax | £106,800,000 | £132,900,000 | £152,600,000 | +14.8% | |
| Net profit | £80,700,000 | £91,200,000 | £113,900,000 | +24.9% | |
| Cash | £1,055,000,000 | £830,100,000 | — | — | |
| Total assets less current liabilities | £518,100,000 | £552,800,000 | — | — | |
| Net assets | £358,700,000 | £426,500,000 | £430,100,000 | +0.8% | |
| Equity | £358,700,000 | £426,500,000 | £430,100,000 | +0.8% | |
| Average employees | 572 | 570 | 573 | +0.5% | |
| Wages | £49,400,000 | £46,200,000 | £56,300,000 | +21.9% | |
| Directors' remuneration | £3,347,000 | £4,477,000 | £3,569,000 | -20.3% | |
| Directors' pension contributions | £229,000 | £231,000 | £205,000 | -11.3% | |
| Highest paid director | £719,000 | £1,416,000 | £1,135,000 | -19.8% |
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 | 1.4% | 2.3% | 2.9% | |
| Net margin | 1.6% | 1.9% | 2.6% | |
| Return on capital employed | 13.9% | 20.0% | — | |
| Gearing (liabilities / total assets) | 79.7% | 64.8% | 60.7% | |
| Current ratio | 1.58x | 1.26x | 1.69x | |
| Interest cover | 6.06x | 7.33x | 8.94x |
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.
Name history
Renamed 1 time since incorporation
- GALLAHER LIMITED 1980-12-31 → present
- WATLING FIFTY-ONE LIMITED 1980-06-12 → 1980-12-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future, being at least 12 months from the signing of the financial statements. Accordingly, they continue to adopt the going concern basis of accounting...”
Group structure
- GALLAHER LIMITED · parent
- JTI UK Limited 100%
Significant events
- “An updated distribution agreement has been signed between the Company and JTI SA, effective from 24 September 2025.”
- “During the year, Gallaher Limited completed the buy-out of the Gallaher Defined Benefit Pension Scheme. All member benefits were fully secured through the purchase of individual annuity policies with Standard Life...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 72 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COTELLESSA BRUELHART, Marcella Maria Cristina | Secretary | 2023-09-04 | — | — |
| BATESON, Gemma-Louise | Director | 2022-06-06 | Sep 1978 | British |
| BERSET, Stephane | Director | 2025-01-01 | Aug 1975 | Swiss |
| CUNNINGHAM-REID, Charles Ashley | Director | 2015-04-01 | Sep 1968 | British |
| LOVENETSKIY, Dmitry | Director | 2026-07-01 | Mar 1983 | Russian |
| SANTOS VIVEIROS, Erika Cristina | Director | 2026-01-01 | Jun 1988 | Brazilian |
| SMALL, Nicola | Director | 2023-01-01 | Jan 1977 | British |
Show 72 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BINGHAM, Andrew | Secretary | 2007-12-19 | 2011-01-14 |
| BULPITT, Nigel Peter | Secretary | 1995-05-01 | 2002-06-30 |
| CRAIG, Nicholas Charles David | Secretary | 2015-05-12 | 2023-09-04 |
| MILLER, Robin Paul | Secretary | 2005-06-01 | 2007-09-06 |
| MORRIS, Alyson Anne | Secretary | 2002-07-01 | 2005-06-01 |
| OGDEN, Peter James | Secretary | 2011-01-14 | 2015-05-12 |
| RUDD, Brian | Secretary | — | 1995-04-30 |
| WALKER, Edward Grosvenor | Secretary | 2007-09-06 | 2007-12-19 |
| ALLEY, William Jack | Director | — | 1994-12-31 |
| BAKER, Malcolm Andrew | Director | 2020-08-01 | 2024-10-01 |
| BAUERLEIN JR, Dudley Lawrence | Director | 1995-01-01 | 1997-03-19 |
| BERSET, Stephane | Director | 2018-09-03 | 2021-08-31 |
| BISAILLON, Robert | Director | 2010-01-26 | 2017-12-04 |
| BROADBENT, Lucie | Director | 2007-05-31 | 2007-12-19 |
| BULPITT, Nigel Peter | Director | — | 2002-06-30 |
| BURCHELL, Philip Raymond | Director | — | 2000-06-30 |
| CARR, Laura Elizabeth | Director | 2010-09-15 | 2011-10-18 |
| CARR, Laura Elizabeth | Director | 2009-10-29 | 2010-01-26 |
| CHIMITS-CAZAUX, Olivier Bruno Armand | Director | 2014-09-16 | 2018-01-29 |
| COLTON, John Gerard | Director | 2013-03-25 | 2016-06-30 |
| CURRY, William Bonynge | Director | 1996-02-01 | 2002-05-31 |
| DA MOTTA EUSEBIO, Carlos Jorge | Director | 2013-03-25 | 2014-01-31 |
| DEPREE, Julia Kathryn | Director | 2011-01-14 | 2011-11-11 |
| DONOVAN, Gregory | Director | 2024-10-01 | 2026-07-01 |
| DUGAST, Francois | Director | 2007-05-31 | 2009-02-11 |
| DUNLOP, Nigel Wallace Boyd | Director | 2002-12-16 | 2007-05-31 |
| DZAJA, Igor Tadija | Director | 2011-10-18 | 2014-09-16 |
| ENGLAND, Neil Martin | Director | 2002-04-11 | 2007-05-31 |
| FIELDEN, Christopher Thomas | Director | 2002-04-11 | 2002-11-30 |
| GILFILLAN, Dean Anthony | Director | 2019-07-01 | 2023-06-05 |
| GRIFFIN, Joseph James | Director | — | 1997-03-19 |
| GRIFFITHS, Martyn Fraser | Director | 2010-03-19 | 2011-01-14 |
| HAINSWORTH, Stewart Andrew | Director | 2006-10-01 | 2007-03-28 |
| HANNON, Brian Conor | Director | 2010-03-19 | 2011-01-14 |
| HAYS, Thomas Chandler | Director | — | 1997-03-19 |
| HENNESSY, Paul Bernard | Director | 2018-02-01 | 2020-07-31 |
| HENNESSY, Ross Michael | Director | 2018-06-04 | 2022-06-01 |
| HENSON, Arnold | Director | — | 1994-12-31 |
| HOUSEHAM, Anthony Derwent | Director | — | 1994-01-31 |
| HUGHES, David Henry | Director | 1996-02-01 | 1997-01-31 |
| KEEVIL, Thomas Stephen | Director | 2002-07-01 | 2007-05-31 |
| LEROUX, Jean-Francois,Georges | Director | 2007-05-31 | 2008-01-31 |
| LUDES, John Theodore | Director | 1995-01-01 | 1997-03-19 |
| LUNN, George Michael | Director | 1994-01-01 | 1995-06-23 |
| MCGUINNESS, Mark Duncan | Director | 2021-09-06 | 2025-04-01 |
| MEDVEDEVA, Ekaterina | Director | 2016-09-07 | 2018-01-31 |
| MELLING, Jason Robert | Director | 2012-01-23 | 2019-05-31 |
| MURPHY, Brian Victor | Director | 2008-03-27 | 2011-03-29 |
| NORTHRIDGE, Nigel Hargreaves | Director | 1996-02-01 | 2007-05-31 |
| OOMS, Hubertus Maria Antonius | Director | 2011-01-14 | 2014-09-16 |
| OSBORNE, Thomas Edward | Director | 2023-06-05 | 2025-01-01 |
| PELICHET, Samuel Roger | Director | 2011-10-18 | 2013-03-25 |
| PILLININI, Lorenzo | Director | 2007-12-19 | 2011-01-14 |
| PIRARD, Eddy Jacques Louis | Director | 2007-05-31 | 2011-01-14 |
| PLANCHER, Robert Lawrence | Director | — | 1997-02-28 |
| ROCK, Mark Paul | Director | 2011-01-14 | 2012-04-03 |
| ROLFE, Mark Edward | Director | 2000-02-07 | 2007-12-19 |
| SCHAPPEI, Jorg, Dr | Director | 2007-05-31 | 2008-10-06 |
| SCIAMMA, Daniel | Director | 2016-02-01 | 2019-06-30 |
| SIERRA PLAZA, Susana Maria | Director | 2019-06-03 | 2023-01-01 |
| SIMON, Nigel Timothy | Director | 1996-02-01 | 2004-09-30 |
| SOUTHGATE, Martin Andrew | Director | 2011-01-14 | 2013-03-25 |
| STEVENS, Andrew | Director | 2014-09-16 | 2018-06-01 |
| STONE, Clive Graham | Director | — | 1993-06-30 |
| TAYLOR, John Richard | Director | — | 1994-03-31 |
| TORRAS ALOMAR, Daniel | Director | 2014-02-01 | 2016-01-31 |
| TORRAS ALOMAR, Daniel | Director | 2009-03-31 | 2011-01-14 |
| VEEN, Pieter | Director | 1994-01-01 | 1997-05-06 |
| VRANKEN, Godefridus Gerardus Antonius | Director | 2007-11-30 | 2009-01-01 |
| WIENAND, Harold Bryan | Director | — | 1993-12-31 |
| WILLIAMS, Paul Michael Francis | Director | 2011-01-14 | 2015-03-31 |
| WILSON, Peter Michael | Director | — | 1999-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jti (Uk) Management Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-05-16 | Active |
| Benson & Hedges Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2022-05-16 |
Filing timeline
Last 20 of 347 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-11 | AA | accounts | Accounts with accounts type full | |
| 2026-08-11 | CH01 | officers | Change person director company with change date | |
| 2026-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-03 | CH01 | officers | Change person director company with change date | |
| 2025-07-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-03 | CH01 | officers | Change person director company with change date | |
| 2023-09-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-05 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- 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.