How much does Thorpe's Joinery Limited make?

Thorpe's Joinery Limited reported revenue of £18.8m and £342k profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Thorpe's Joinery Limited have?

Thorpe's Joinery Limited reported an average of 96 employees in the year to 31 Oct 2025.

Is Thorpe's Joinery Limited profitable?

Yes — Thorpe's Joinery Limited reported a profit of £342k in the year to 31 Oct 2025.

Company No. 03261375 · Incorporated 9 Oct 1996

Thorpe's Joinery Limited

Registered name: THORPE'S JOINERY LIMITED

Part of Thorpe Interior Group Limited group

Thorpe's Joinery Limited made £18.8m revenue and £342k profit in the year to 31 Oct 2025.

Thorpe's Joinery Limited’s revenue grew 32% to £18.8m in the year to 31 Oct 2025, with £342k profit and 96 employees. The company is classified under “manufacture of office and shop furniture” and is based in Market Harborough; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 31010Manufacture of office and shop furniture

Status: Active
Location: Market Harborough, East Midlands
Age: 30 yrs · since 1996
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. From the filing: “The company's parent and ultimate parent company is Thorpe Interior Group Limited. The registered office of Thorpe Interior Group Limited is Unit D Harrison Road, Airfield Business Park, Market Haboro”

Latest accounts · year to 31 Oct 2025

Key figures

Capital-lightDoing more with less

Revenue

£18.8m

Growth ▲32.5%

Profit

£342k

Growth ▼57.9%

Profit margin

1.8%

Gross 19.4%

Employees

Change ▼5%

Profit / employee

£3.6k

Revenue/employee £196k

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 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.2m	£17m	£14.2m	£18.8m
Cost of sales	£9.1m	£12.8m	£9.8m	£15.2m
Gross profit	£3.1m	£4.2m	£4.4m	£3.7m
Operating profit	−£12k	£1.1m	£898k	£233k
Profit before tax	−£45.2k	£1m	£866k	£204k
Profit after tax	£104k	£906k	£813k	£342k
Profit (best available)	£104k	£906k	£813k	£342k
Staff costs	£4m	£4.2m	£4.4m	£4.6m
Employees (average)	101	98	101	96
Ratios
Profit margin	0.9%	5.3%	5.7%	1.8%
Gross margin	25.6%	24.8%	31.2%	19.4%
Revenue per employee	£120k	£174k	£141k	£196k
Profit per employee	£1k	£9.2k	£8.1k	£3.6k
Cash conversion	—	−131.2%	—	—
Growth (year on year)
Revenue growth	—	▲39.8%	▼16.4%	▲32.5%
Profit growth	—	▲769.7%	▼10.2%	▼57.9%
Headcount growth	—	▼3%	▲3.1%	▼5%
Balance sheet — indirect signals, not revenue
Cash at bank	£291	£483k	£54.5k	£13.4k
Net assets	£1.3m	£2.2m	£2.8m	£3.2m
Fixed assets	£526k	£569k	£576k	£568k
Current assets	£3.3m	£3.6m	£4.5m	£4.8m
Debtors	£2.5m	£2.4m	£3.4m	£3.3m
Deferred income	£72.3k	£348k	£398k	£379k
Cash from operations	−£34.5k	−£1.4m	—	—
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data May 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 1.8%; Profit ÷ revenue.
Gross margin: 19.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £196k; Revenue ÷ average employees.
Profit per employee: £3.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 17.4%; 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: ▲12%; Now £3.2m
Cash at bank: ▼75%; Now £13.4k
Headcount: ▼5%; Now 96
Deferred income: ▼5%; Now £379k
Fixed assets: ▼1%; Now £568k

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

Thorpe Interior Group Limitedultimate parent75–100%
Thorpe's Joinery Limitedthis company

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

Sister companies (4)

GTG Joinery Solutions LimitedFigures not disclosed
Merchant Contracts LtdFigures not disclosed
Thorpe's Flooring LimitedFigures not disclosed
Thorpes of Great Glen LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £342k), from the Companies House accounts bulk data published May 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.