The Furniture Practice Limited
Registered name: THE FURNITURE PRACTICE LIMITED
Part of LRGW Investments Limited groupThe Furniture Practice Limited made £70.1m revenue and £3.4m profit in the year to 30 Jun 2025.
The Furniture Practice Limited’s revenue grew 10% to £70.1m in the year to 30 Jun 2025, with £3.4m profit and 106 employees. The company is classified under “wholesale of office furniture” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 28 yrs · since 1997
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £61.8m | £63.8m | £70.1m |
| Cost of sales | −£46.6m | −£47.3m | −£56.1m |
| Gross profit | £15.2m | £16.5m | £14m |
| Operating profit | £2.3m | £2.8m | £4.3m |
| Profit before tax | £2.4m | £2.8m | £4.4m |
| Profit after tax | £1.7m | £1.8m | £3.4m |
| Profit (best available) | £1.7m | £1.8m | £3.4m |
| Employees (average) | 89 | 104 | 106 |
| Ratios | |||
| Profit margin | 2.8% | 2.8% | 4.8% |
| Gross margin | 24.6% | 25.9% | 19.9% |
| Revenue per employee | £694k | £613k | £661k |
| Profit per employee | £19.2k | £17.1k | £31.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▲3.2% | ▲9.9% |
| Profit growth | — | ▲4.1% | ▲88.5% |
| Headcount growth | — | ▲16.9% | ▲1.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | Accounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 4.8%
- Profit ÷ revenue.
- Gross margin
- 19.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £661k
- Revenue ÷ average employees.
- Profit per employee
- £31.7k
- 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
- ▲2%
- Now 106
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- LRGW Investments Limitedultimate parent50–75%
- TFP International Limited75–100%
- The Furniture Practice Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- TFP 2020 LimitedFigures not disclosed
- The Furniture Practice (Me & Apac) LimitedFigures not disclosed
Sister companies (1)
- Future Works LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Jun 2025 (profit £3.4m), from the Companies House accounts bulk data published Nov 2025. 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.