How much does Thatcham Research make?

Thatcham Research reported revenue of £33.8m and £1.1m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Thatcham Research have?

Thatcham Research reported an average of 276 employees in the year to 31 Dec 2025.

Is Thatcham Research profitable?

Yes — Thatcham Research reported a profit of £1.1m in the year to 31 Dec 2025.

Company No. 00967763 · Incorporated 5 Dec 1969

Thatcham Research

Registered name: THATCHAM RESEARCH

Thatcham Research made £33.8m revenue and £1.1m profit in the year to 31 Dec 2025.

Thatcham Research’s revenue grew 15% to £33.8m in the year to 31 Dec 2025, with £1.1m profit and 276 employees. The company is classified under “other research and experimental development on natural sciences and engineering” and is based in Berkshire; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 72190Other research and experimental development on natural sciences and engineering

Status: Active
Location: Berkshire, South East
Age: 56 yrs · since 1969
Type: PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)

Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. It is excluded from our opportunity lists.

Latest accounts · year to 31 Dec 2025

Key figures

Independent

Revenue

£33.8m

Growth ▲14.8%

Profit

£1.1m

Growth ▼27.6%

Profit margin

3.2%

Employees

276

Change ▲4.2%

Profit / employee

£4k

Revenue/employee £122k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£25.9m	£29.5m	£33.8m
Cost of sales	−£26.1m	−£28.7m	£33.1m
Operating profit	−£236k	£732k	£696k
Profit before tax	−£173k	£948k	£893k
Profit after tax	£19k	£1.5m	£1.1m
Profit (best available)	£19k	£1.5m	£1.1m
Employees (average)	253	265	276
Ratios
Profit margin	0.1%	5.1%	3.2%
Revenue per employee	£102k	£111k	£122k
Profit per employee	£75	£5.7k	£4k
Growth (year on year)
Revenue growth	—	▲13.8%	▲14.8%
Profit growth	—	▲7858%	▼27.6%
Headcount growth	—	▲4.7%	▲4.2%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jul 2025	Accounts · bulk data Jul 2025	Accounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 3.2%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £122k; Revenue ÷ average employees.
Profit per employee: £4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: ▲4%; Now 276
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Subsidiaries (2)

Thatcham Ventures LimitedRev. £1.9m · Profit −£426k
Gamston Aviation LimitedRev. £1.2m · Profit −£444k

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 accounts for the year to 31 Dec 2025 (profit £1.1m), from the Companies House accounts bulk data published Jul 2026. 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.