How much does Theworks PLC make?

Theworks PLC reported revenue of £260m and £5m profit in the year to 3 May 2026, according to its accounts filed at Companies House.

How many employees does Theworks PLC have?

Theworks PLC reported an average of 3,767 employees in the year to 3 May 2026.

Is Theworks PLC profitable?

Yes — Theworks PLC reported a profit of £5m in the year to 3 May 2026.

Company No. 11325534 · Incorporated 24 Apr 2018

Theworks PLC

Registered name: THEWORKS PLC

Theworks PLC made £260m revenue and £5m profit in the year to 3 May 2026.

Theworks PLC’s revenue fell 6% to £260m in the year to 3 May 2026, with £5m profit and 3,767 employees. The company is classified under “retail sale via mail order houses or via internet” and is based in Birmingham; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47910Retail sale via mail order houses or via Internet

Status: Active
Location: Birmingham, West Midlands
Age: 8 yrs · since 2018
Type: Public Limited Company

Latest accounts · year to 3 May 2026

Key figures

Independent

Revenue

£260m

Growth ▼6.1%

Profit

£5m

Growth ▼39.4%

Profit margin

1.9%

Gross 19.7%

Employees

3,767

Change ▲1.9%

Profit / employee

£1.3k

Revenue/employee £69k

Profitable streak

4yrs

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	4 May 2024	3 May 2025	4 May 2025	3 May 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£283m	£252m	£277m	£260m
Cost of sales	−£231m	−£199m	−£223m	−£209m
Gross profit	£51.8m	£53.7m	£53.8m	£51.3m
Operating profit	£11.4m	£14.3m	£13.1m	£12.2m
Profit before tax	£6.9m	£9.5m	£8.3m	£6.8m
Profit after tax	£6.4m	£8.9m	£8.2m	£5m
Profit (best available)	£6.4m	£8.9m	£8.2m	£5m
Employees (average)	4,026	3,697	3,697	3,767
Ratios
Profit margin	2.3%	3.5%	2.9%	1.9%
Gross margin	18.3%	21.3%	19.4%	19.7%
Revenue per employee	£70.2k	£68.2k	£74.9k	£69k
Profit per employee	£1.6k	£2.4k	£2.2k	£1.3k
Growth (year on year)
Revenue growth	—	▼10.8%	—	▼6.1%
Profit growth	—	▲40.1%	—	▼39.4%
Headcount growth	—	▼8.2%	—	▲1.9%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—	—
Source	Accounts · bulk data Aug 2025	Accounts · bulk data Sep 2026	Accounts · bulk data Aug 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 1.9%; Profit ÷ revenue.
Gross margin: 19.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £69k; Revenue ÷ average employees.
Profit per employee: £1.3k; 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: ▲2%; Now 3,767
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Subsidiaries (2)

The Works Investments LimitedFigures not disclosed
The Works Retail 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 accounts for the year to 3 May 2026 (profit £5m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 11 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.