Flawless UK Vape Distribution Ltd
Registered name: FLAWLESS UK VAPE DISTRIBUTION LTD
Part of Flawless Vape Holdings Limited groupFlawless UK Vape Distribution Ltd made £120m revenue and £8m profit in the year to 30 Nov 2025.
Flawless UK Vape Distribution Ltd’s revenue grew 14% to £120m in the year to 30 Nov 2025, with £8m profit and 154 employees. The company is classified under “wholesale of tobacco products” and is based in Leicester; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Leicester, East Midlands
- Age
- 10 yrs · since 2016
- 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 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £56.5m | £94m | £106m | £120m |
| Cost of sales | £47.1m | £79m | £88.5m | £102m |
| Gross profit | £9.3m | £15m | £17.2m | £17.9m |
| Operating profit | £6.2m | £10.3m | £11.7m | £10.7m |
| Profit before tax | £6.1m | £10.3m | £11.8m | £10.7m |
| Profit after tax | £5m | £7.9m | £8.8m | £8m |
| Profit (best available) | £5m | £7.9m | £8.8m | £8m |
| Staff costs | £2.1m | £2.9m | £3.5m | £4.4m |
| Employees (average) | 77 | 97 | 117 | 154 |
| Ratios | ||||
| Profit margin | 8.8% | 8.4% | 8.3% | 6.7% |
| Gross margin | 16.6% | 16% | 16.3% | 14.8% |
| Revenue per employee | £733k | £969k | £903k | £781k |
| Profit per employee | £64.3k | £81.6k | £75.3k | £52.1k |
| Cash conversion | −19.6% | −47.6% | −86.5% | −92.4% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲66.5% | ▲12.5% | ▲13.8% |
| Profit growth | — | ▲59.8% | ▲11.3% | ▼8.8% |
| Headcount growth | — | ▲26% | ▲20.6% | ▲31.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3m | £3.8m | £9.4m | £558k |
| Net assets | £8.5m | £14.9m | £22.5m | £28.9m |
| Fixed assets | £558k | £761k | £1.4m | £964k |
| Current assets | £15.1m | £21.8m | £31.3m | £38.9m |
| Debtors | £1.9m | £3.1m | £4.2m | £5.6m |
| Cash from operations | −£1.2m | −£4.9m | −£10.1m | −£9.9m |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 6.7%
- Profit ÷ revenue.
- Gross margin
- 14.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £781k
- Revenue ÷ average employees.
- Profit per employee
- £52.1k
- Profit ÷ average employees.
- Cash conversion
- −92.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.6%
- 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
- ▲28%
- Now £28.9m
- Cash at bank
- ▼94%
- Now £558k
- Headcount
- ▲32%
- Now 154
- Deferred income
- —
- Now —
- Fixed assets
- ▼29%
- Now £964k
Group structure
Ownership chain
- Flawless Vape Holdings Limitedultimate parent75–100%
- Flawless UK Vape Distribution Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Flawless Vape Labs LtdFigures not disclosed
- Flawless Vape Shop LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £8m), 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.