How much does The Old Vic Theatre Company (The Cut) Limited make?

The Old Vic Theatre Company (The Cut) Limited reported revenue of £12.7m and £1.2m profit in the year to 31 Aug 2025, according to its accounts filed at Companies House.

Is The Old Vic Theatre Company (The Cut) Limited profitable?

Yes — The Old Vic Theatre Company (The Cut) Limited reported a profit of £1.2m in the year to 31 Aug 2025.

Company No. 04725562 · Incorporated 7 Apr 2003

The Old Vic Theatre Company (The Cut) Limited

Registered name: THE OLD VIC THEATRE COMPANY (THE CUT) LIMITED

Part of The Old Vic Theatre Trust 2000 group

The Old Vic Theatre Company (The Cut) Limited made £12.7m revenue and £1.2m profit in the year to 31 Aug 2025.

The Old Vic Theatre Company (The Cut) Limited’s revenue fell 4% to £12.7m in the year to 31 Aug 2025, with £1.2m profit. The company is classified under “performing arts” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection R · Arts, entertainment and recreationSIC 90010Performing arts

Status: Active
Location: London, London
Age: 23 yrs · since 2003
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 immediate and ultimate parent company is the Old Vic Theatre Trust 2000, a charitable company registered in England and Wales. The company's registered office and principal place of business is Th”

Latest accounts · year to 31 Aug 2025

Key figures

Revenue

£12.7m

Growth ▼4.3%

Profit

£1.2m

Growth ▼20.4%

Profit margin

9.6%

Gross 18.8%

Employees

—

Change —

Profit / employee

—

Profitable streak

2yrs

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 Aug 2022	31 Aug 2023	31 Aug 2024	31 Aug 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£13.3m	£12.7m
Cost of sales	—	—	−£11.3m	−£10.3m
Gross profit	—	—	£1.9m	£2.4m
Operating profit	—	—	−£831k	−£933k
Profit before tax	—	—	−£809k	−£883k
Profit after tax	—	—	£1.5m	£1.2m
Profit (best available)	—	—	£1.5m	£1.2m
Employees (average)	—	130	—	—
Ratios
Profit margin	—	—	11.5%	9.6%
Gross margin	—	—	14.7%	18.8%
Growth (year on year)
Revenue growth	—	—	—	▼4.3%
Profit growth	—	—	—	▼20.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£125k	£105k	—	—
Net assets	£2.8m	£3.3m	—	—
Current assets	£5.9m	£11.5m	—	—
Debtors	£178k	£79k	—	—
Deferred income	£339k	£1.2m	—	—
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	Accounts · bulk data May 2025	Accounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 9.6%; Profit ÷ revenue.
Gross margin: 18.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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.

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 —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

The Old Vic Theatre Trust 2000ultimate parent75–100%
The Old Vic Theatre Company (The Cut) Limitedthis company

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

Sister companies (1)

The Old Vic Services Company LimitedRev. £3.5m · Profit £653k

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 accounts for the year to 31 Aug 2025 (profit £1.2m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.

Updated from Companies House on 19 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.