THAMES & HUDSON PUBLISHING LIMITED
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Cash
£6.2m
-6.7% lowest in 3 filed years
Net assets
£24m
+5.8% highest in 3 filed years
Employees
249
-3.9% vs 2024
Profit before tax
£1.6m
+865.3% first positive since 2024
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 | £50,787,000 | £48,863,000 | £52,173,000 | +6.8% | |
| Operating profit | £4,902,000 | -£244,000 | £1,671,000 | +784.8% | |
| Profit before tax | £4,910,000 | -£213,000 | £1,630,000 | +865.3% | |
| Net profit | £3,673,000 | -£699,000 | £1,254,000 | +279.4% | |
| Cash | £7,924,000 | £6,616,000 | £6,176,000 | -6.7% | |
| Total assets less current liabilities | £23,353,000 | £22,522,000 | £23,820,000 | +5.8% | |
| Net assets | £23,353,000 | £22,522,000 | £23,820,000 | +5.8% | |
| Equity | £23,353,000 | £22,522,000 | £23,820,000 | +5.8% | |
| Average employees | 248 | 259 | 249 | -3.9% | |
| Wages | £12,873,000 | £13,093,000 | £12,520,000 | -4.4% | |
| Directors' remuneration | £1,240,000 | £1,247,000 | £1,193,000 | -4.3% | |
| Directors' pension contributions | £48,000 | £26,000 | — | — | |
| Highest paid director | £457,000 | £393,000 | £382,000 | -2.8% |
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 | 9.7% | -0.5% | 3.2% | |
| Net margin | 7.2% | -1.4% | 2.4% | |
| Return on capital employed | 21.0% | -1.1% | 7.0% | |
| Gearing (liabilities / total assets) | 45.7% | 50.4% | 50.6% | |
| Current ratio | 2.13x | 2.00x | 1.98x | |
| Interest cover | 14.50x | -1.03x | 11.14x |
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
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's and the Company's ability to continue as a going concern...”
Group structure
- THAMES & HUDSON PUBLISHING LIMITED · parent
- Thames & Hudson Limited
- Thames & Hudson Inc
- Thames & Hudson Australia Pty Limited
- Interart UARL
- Thames & Hudson (S) Pte Limited
- Thames & Hudson Asia Limited
- Arts Distributors Limited
- Asia Publishers Services Limited
- Thames & Hudson Distributors Limited
- Thames & Hudson International Limited
- Thames & Hudson Digital Limited
Significant events
- “On 1 January 2026, Thames & Hudson Ltd transferred the trade and assets of its College business at fair value to a related company, College Educational Publishing Limited.”
- “After the reporting date of 31 December 2025 Thames & Hudson Ltd completed a pension scheme buy-out transaction on 26th June 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MEADES, Peter | Secretary | 2014-06-11 | — | — |
| BALLIETT, Will King | Director | 2014-08-06 | Apr 1959 | American |
| FERGUSON, Christopher Arthur | Director | 2017-01-03 | Dec 1950 | British |
| MEADES, Peter | Director | 2021-05-01 | Apr 1959 | British |
| NEURATH, Johanna Mikaela | Director | 2017-01-03 | Mar 1963 | British |
| PALFREYMAN, Neil Leslie | Director | 2017-11-01 | Jan 1959 | British |
| REISZ NEURATH, Susanna Andrea | Director | 2014-08-06 | Nov 1965 | British |
| THOMPSON, Sophy | Director | 2018-04-03 | Dec 1968 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAMPLIN, Jamie Robert | Director | 2014-08-06 | 2025-12-31 |
| EVANS, Timothy Llewellin | Director | 2014-08-06 | 2017-11-01 |
| FORSTER, Sarah Louise | Director | 2014-08-06 | 2015-02-13 |
| GRISEBACH, Rolf Hans August | Director | 2014-08-06 | 2019-04-12 |
| HUGHES, Philip Arthur Booley | Director | 2014-08-06 | 2025-12-31 |
| KAINE, Constance Margaret | Director | 2014-06-11 | 2021-05-01 |
| NEURATH, Thomas Michael | Director | 2014-06-11 | 2021-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thames & Hudson (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 54 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type group | |
| 2026-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | AA | accounts | Accounts with accounts type group | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-14 | AA | accounts | Accounts with accounts type group | |
| 2024-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-29 | CH01 | officers | Change person director company with change date | |
| 2023-10-12 | AA | accounts | Accounts with accounts type group | |
| 2023-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-14 | CH01 | officers | Change person director company with change date | |
| 2022-10-06 | AA | accounts | Accounts with accounts type group | |
| 2022-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-02 | AA | accounts | Accounts with accounts type group | |
| 2021-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2021-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2021-05-05 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.