How much does Frank Smythson Limited make?

Frank Smythson Limited reported revenue of £23.3m and a loss of £1m in the year to 30 Mar 2025, according to its accounts filed at Companies House.

How many employees does Frank Smythson Limited have?

Frank Smythson Limited reported an average of 148 employees in the year to 30 Mar 2025.

Is Frank Smythson Limited profitable?

No — Frank Smythson Limited reported a loss of £1m in the year to 30 Mar 2025.

Company No. 03594597 · Incorporated 8 Jul 1998

Frank Smythson Limited

Registered name: FRANK SMYTHSON LIMITED

Part of Iconic Holdco (UK) Limited group

Frank Smythson Limited made £23.3m revenue and a £1m loss in the year to 30 Mar 2025. read from filing text

Frank Smythson Limited’s revenue fell 15% to £23.3m in the year to 30 Mar 2025, with a loss of £1m and 148 employees. The company is classified under “retail sale of leather goods in specialised stores” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47722Retail sale of leather goods in specialised stores

Status: Active
Location: London, London
Age: 28 yrs · since 1998
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 immediate parent undertaking is Holdsmyth Limited, a company registered in England and Wales. Holdsmyth Limited is the only group for which consolidated accounts including the company's ”

Latest accounts · year to 30 Mar 2025

Key figures

Capital-light

Revenue

£23.3m

Growth ▼14.5%

Profit

−£1m

Growth —

Profit margin

−4.5%

Gross 71.3%

Employees

148

Change ▼13.5%

Profit / employee

−£7k

Revenue/employee £157k

Profitable streak

0yrs

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	27 Mar 2022	2 Apr 2023	31 Mar 2024	30 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£20.6m	£23.6m	£27.3m	£23.3m
Cost of sales	£8.3m	£7.5m	£7.7m	£6.7m
Gross profit	£12.2m	£16.2m	£19.6m	£16.6m
Operating profit	−£8.2m	−£7m	−£5.9m	−£283k
Profit before tax	−£8.5m	−£7.3m	−£6.6m	−£1m
Profit after tax	−£8.5m	−£7.3m	−£6.6m	−£1m
Profit (best available)	−£8.5m	−£7.3m	−£6.6m	−£1m
Staff costs	—	£7.1m	£8m	£7.5m
Employees (average)	175	169	171	148
Ratios
Profit margin	−41.3%	−31%	−24.3%	−4.5%
Gross margin	59.5%	68.3%	71.9%	71.3%
Revenue per employee	£118k	£140k	£159k	£157k
Profit per employee	−£48.6k	−£43.4k	−£38.8k	−£7k
Growth (year on year)
Revenue growth	—	▲14.9%	▲15.3%	▼14.5%
Headcount growth	—	▼3.4%	▲1.2%	▼13.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£158k	£355k	£917k
Net assets	—	−£9.9m	−£15.6m	−£15.7m
Fixed assets	£1.6m	£2.7m	£2.4m	£1.8m
Current assets	—	£22.1m	£9m	£7.1m
Debtors	£253k	£84k	£248k	£195k
Deferred income	£1.9m	£873k	£870k	£805k
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −4.5%; Profit ÷ revenue.
Gross margin: 71.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £157k; Revenue ÷ average employees.
Profit per employee: −£7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.8%; 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 −£15.7m
Cash at bank: ▲158%; Now £917k
Headcount: ▼13%; Now 148
Deferred income: ▼7%; Now £805k
Fixed assets: ▼26%; Now £1.8m

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

Iconic Holdco (UK) Limitedultimate parent75–100%
Smythson Bidco Limited75–100%
Holdsmyth Limited75–100%
Frank Smythson Limitedthis company

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

Subsidiaries (1)

B J Chant & Sons 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 30 Mar 2025 (profit −£1m), from the Companies House accounts bulk data published Dec 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.