DHL Services Limited
Registered name: DHL SERVICES LIMITED
Part of Dhl Supply Chain International Holdings B.V. groupDHL Services Limited made £1.5bn revenue and a £6.7m loss in the year to 31 Dec 2025.
DHL Services Limited’s revenue fell 5% to £1.5bn in the year to 31 Dec 2025, with a loss of £6.7m and 31,560 employees. The company is classified under “other business support service activities” and is based in Milton Keynes; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Milton Keynes
- Age
- 29 yrs · since 1997
- Type
- Private Limited Company
Key figures
Financial history
| 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) | £1.5bn | £1.6bn | £1.5bn |
| Cost of sales | — | — | −£1.5bn |
| Operating profit | £17m | £18.8m | £16.8m |
| Profit before tax | £25.3m | £19m | £21.7m |
| Profit after tax | £23.7m | £1.1m | −£6.7m |
| Profit (best available) | £23.7m | £1.1m | −£6.7m |
| Employees (average) | 35,870 | 34,691 | 31,560 |
| Ratios | |||
| Profit margin | 1.6% | 0.1% | −0.4% |
| Revenue per employee | £42.4k | £44.7k | £46.8k |
| Profit per employee | £662 | £31 | −£212 |
| Growth (year on year) | |||
| Revenue growth | — | ▲2% | ▼4.7% |
| Profit growth | — | ▼95.5% | ▼729.3% |
| Headcount growth | — | ▼3.3% | ▼9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −0.4%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £46.8k
- Revenue ÷ average employees.
- Profit per employee
- −£212
- 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.
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
- ▼9%
- Now 31,560
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Dhl Supply Chain International Holdings B.V. (registered outside the UK register)ultimate parent75–100%
- Exel Limited75–100%
- Exel Investments Limited75–100%
- DHL Supply Chain Limited75–100%
- DHL Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (7)
- DHL Supply Chain International LimitedFigures not disclosed
- Digihaul LimitedFigures not disclosed
- DSC Healthcare Trustees LimitedFigures not disclosed
- Exel Logistics Property LimitedFigures not disclosed
- Exel Overseas LimitedFigures not disclosed
- Exel UK LimitedFigures not disclosed
- McGregor Cory LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£6.7m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Updated from Companies House on 24 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.