How much does Photronics (UK) Limited make?

Photronics (UK) Limited reported revenue of £21.5m and £619k profit in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Photronics (UK) Limited have?

Photronics (UK) Limited reported an average of 96 employees in the year to 31 Oct 2024.

Is Photronics (UK) Limited profitable?

Yes — Photronics (UK) Limited reported a profit of £619k in the year to 31 Oct 2024.

Company No. 03121018 · Incorporated 1 Nov 1995

Photronics (UK) Limited

Registered name: PHOTRONICS (UK) LIMITED

Part of Photronics Inc. group

Photronics (UK) Limited made £21.5m revenue and £619k profit in the year to 31 Oct 2024.

Photronics (UK) Limited’s revenue fell 1% to £21.5m in the year to 31 Oct 2024, with £619k profit and 96 employees. The company is classified under “manufacture of photographic and cinematographic equipment” and is based in Bridgend; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26702Manufacture of photographic and cinematographic equipment

Status: Active
Location: Bridgend, Wales
Age: 30 yrs · since 1995
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 Oct 2024

Key figures

Revenue

£21.5m

Growth ▼1%

Profit

£619k

Growth ▼23.1%

Profit margin

2.9%

Gross 21.1%

Employees

Change ▲1.1%

Profit / employee

£6.4k

Revenue/employee £224k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2021	31 Oct 2022	31 Oct 2023	31 Oct 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19m	£22.2m	£21.7m	£21.5m
Cost of sales	£15m	£17.9m	£17.1m	£16.9m
Gross profit	£4.1m	£4.3m	£4.6m	£4.5m
Operating profit	£1.4m	£1.7m	£1.1m	£914k
Profit before tax	£1.4m	£1.7m	£1.2m	£930k
Profit after tax	£1.1m	£1.3m	£805k	£619k
Profit (best available)	£1.1m	£1.3m	£805k	£619k
Employees (average)	89	92	95	96
Ratios
Profit margin	5.8%	5.9%	3.7%	2.9%
Gross margin	21.5%	19.2%	21.1%	21.1%
Revenue per employee	£214k	£241k	£228k	£224k
Profit per employee	£12.3k	£14.2k	£8.5k	£6.4k
Growth (year on year)
Revenue growth	—	▲16.5%	▼2.3%	▼1%
Profit growth	—	▲19.3%	▼38.3%	▼23.1%
Headcount growth	—	▲3.4%	▲3.3%	▲1.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.8m	£1.8m	£2.3m	£2.2m
Net assets	£43.5m	£42.6m	£43.4m	£44m
Fixed assets	£41.9m	£41.7m	£41.8m	£42.3m
Current assets	£6.2m	£6.8m	£7.2m	£7.5m
Debtors	£2.7m	£3.8m	£3.5m	£3.9m
Deferred income	£284k	£330k	£203k	£206k
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 2.9%; Profit ÷ revenue.
Gross margin: 21.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £224k; Revenue ÷ average employees.
Profit per employee: £6.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 197.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.4%; 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: ▲1%; Now £44m
Cash at bank: ▼6%; Now £2.2m
Headcount: ▲1%; Now 96
Deferred income: ▲1%; Now £206k
Fixed assets: ▲1%; Now £42.3m

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

Photronics Inc. (registered outside the UK register)ultimate parent75–100%
Photronics (UK) Limitedthis company

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

Subsidiaries (1)

Align-Rite International LimitedFigures 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 Oct 2024 (profit £619k), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.

Updated from Companies House on 17 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.