How much does Stubborn Mule Travel Ltd make?

Stubborn Mule Travel Ltd reported revenue of £17m and £1.5m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Stubborn Mule Travel Ltd have?

Stubborn Mule Travel Ltd reported an average of 28 employees in the year to 31 Dec 2025.

Is Stubborn Mule Travel Ltd profitable?

Yes — Stubborn Mule Travel Ltd reported a profit of £1.5m in the year to 31 Dec 2025.

Company No. 07684916 · Incorporated 28 Jun 2011

Stubborn Mule Travel Ltd

Registered name: STUBBORN MULE TRAVEL LTD

Stubborn Mule Travel Ltd made £17m revenue and £1.5m profit in the year to 31 Dec 2025.

Stubborn Mule Travel Ltd’s revenue grew 30% to £17m in the year to 31 Dec 2025, with £1.5m profit and 28 employees. The company is classified under “tour operator activities” and is based in Woodbridge; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 79120Tour operator activities

Status: Active
Location: Woodbridge, East of England
Age: 15 yrs · since 2011
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightOperating leverageCash flow filed

Revenue

£17m

Growth ▲29.6%

Profit

£1.5m

Growth ▲67.1%

Profit margin

8.8%

Gross 21.9%

Employees

Change ▲21.7%

Profit / employee

£53.3k

Revenue/employee £608k

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£13.1m	£17m
Cost of sales	—	—	£10.5m	£13.3m
Gross profit	—	—	£2.6m	£3.7m
Operating profit	—	—	£1.2m	£1.9m
Profit before tax	—	—	£1.2m	£2m
Profit after tax	—	—	£893k	£1.5m
Profit (best available)	—	—	£893k	£1.5m
Staff costs	—	—	£930k	£918k
Employees (average)	13	19	23	28
Ratios
Profit margin	—	—	6.8%	8.8%
Gross margin	—	—	20.2%	21.9%
Revenue per employee	—	—	£571k	£608k
Profit per employee	—	—	£38.8k	£53.3k
Cash conversion	—	—	112.6%	113.7%
Growth (year on year)
Revenue growth	—	—	—	▲29.6%
Profit growth	—	—	—	▲67.1%
Headcount growth	—	▲46.2%	▲21.1%	▲21.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£2.6m	£3.8m	£4.2m
Net assets	£620k	£1.2m	£1.8m	£3m
Fixed assets	£15.6k	£12.9k	£14.3k	£11.8k
Current assets	£3.5m	£5.8m	£8.2m	£11.1m
Debtors	£1.4m	£2.5m	£3.5m	£4.4m
Deferred income	—	—	£6.3m	£7.5m
Cash from operations	—	—	£1.3m	£2.2m
Source	FilletedAccounts · bulk data Sep 2024	FilletedAccounts · bulk data Sep 2024	FilletedAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 8.8%; Profit ÷ revenue.
Gross margin: 21.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £608k; Revenue ÷ average employees.
Profit per employee: £53.3k; Profit ÷ average employees.
Cash conversion: 113.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 43.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 26.1%; 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: ▲62%; Now £3m
Cash at bank: ▲10%; Now £4.2m
Headcount: ▲22%; Now 28
Deferred income: ▲19%; Now £7.5m
Fixed assets: ▼18%; Now £11.8k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.5m), from the Companies House accounts bulk data published Sep 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.