Thames Distribution Ltd
Registered name: THAMES DISTRIBUTION LTD
Thames Distribution Ltd made £26.9m revenue and £465k profit in the year to 31 Mar 2026.
Thames Distribution Ltd’s revenue fell 13% to £26.9m in the year to 31 Mar 2026, with £465k profit and 11 employees. The company is classified under “wholesale of electronic and telecommunications equipment and parts” and is based in Reading; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Reading, South East
- Age
- 17 yrs · since 2009
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | — | — | £21.7m | £31m | £26.9m |
| Cost of sales | — | — | £20m | £28.7m | £24.8m |
| Gross profit | — | — | £1.7m | £2.3m | £2.1m |
| Operating profit | — | — | £434k | £619k | £651k |
| Profit before tax | — | — | £418k | £605k | £631k |
| Profit after tax | — | — | £299k | £439k | £465k |
| Profit (best available) | — | — | £299k | £439k | £465k |
| Staff costs | — | — | £473k | £670k | £662k |
| Employees (average) | 9 | 8 | 9 | 11 | 11 |
| Ratios | |||||
| Profit margin | — | — | 1.4% | 1.4% | 1.7% |
| Gross margin | — | — | 7.8% | 7.5% | 8% |
| Revenue per employee | — | — | £2.4m | £2.8m | £2.4m |
| Profit per employee | — | — | £33.3k | £39.9k | £42.3k |
| Cash conversion | — | — | −422.1% | 147.6% | 37.8% |
| Growth (year on year) | |||||
| Revenue growth | — | — | — | ▲43.1% | ▼13.2% |
| Profit growth | — | — | — | ▲46.7% | ▲5.9% |
| Headcount growth | — | ▼11.1% | ▲12.5% | ▲22.2% | 0% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £718k | £621k | £2m | £291k | £8.3k |
| Net assets | £1.7m | £1.8m | £1.9m | £2m | £2.2m |
| Fixed assets | £379k | £373k | £370k | £347k | £382k |
| Current assets | £4.1m | £4.5m | £11.8m | £9.3m | £11.4m |
| Debtors | £1.4m | £2m | £7.6m | £3.6m | £3.9m |
| Cash from operations | — | — | −£1.8m | £914k | £246k |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 1.7%
- Profit ÷ revenue.
- Gross margin
- 8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2.4m
- Revenue ÷ average employees.
- Profit per employee
- £42.3k
- Profit ÷ average employees.
- Cash conversion
- 37.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14.4%
- 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
- ▲11%
- Now £2.2m
- Cash at bank
- ▼97%
- Now £8.3k
- Headcount
- 0%
- Now 11
- Deferred income
- —
- Now —
- Fixed assets
- ▲10%
- Now £382k
Similar profitable businesses
- Wiska UK LimitedExeter · Wholesale of electronic and telecommunications equipment and parts
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- £27.5m
- Profit
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- Staff
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- Psa Parts LimitedLondon · Wholesale of electronic and telecommunications equipment and parts
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- Pax Technology Europe LimitedWoking · Wholesale of electronic and telecommunications equipment and parts
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- £28.9m
- Profit
- £6.6m
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- Wurth Electronics UK LimitedMediacityuk · Wholesale of electronic and telecommunications equipment and parts
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- £29m
- Profit
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- Cinos LimitedCamberley · Wholesale of electronic and telecommunications equipment and parts
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- £29.9m
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- Aerco LimitedHorsham · Wholesale of electronic and telecommunications equipment and parts
- Revenue
- £23.6m
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £465k), from the Companies House accounts bulk data published Aug 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.