How much does Thanet Earth Lettuce Limited make?

Thanet Earth Lettuce Limited reported revenue of £520k and a loss of £1.5m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Thanet Earth Lettuce Limited have?

Thanet Earth Lettuce Limited reported an average of 12 employees in the year to 31 Dec 2025.

Is Thanet Earth Lettuce Limited profitable?

No — Thanet Earth Lettuce Limited reported a loss of £1.5m in the year to 31 Dec 2025.

Company No. 15471752 · Incorporated 7 Feb 2024

Thanet Earth Lettuce Limited

Registered name: THANET EARTH LETTUCE LIMITED

Part of TG1 Holding Ltd group

Thanet Earth Lettuce Limited made £520k revenue and a £1.5m loss in the year to 31 Dec 2025.

Thanet Earth Lettuce Limited’s revenue was £520k in the year to 31 Dec 2025, with a loss of £1.5m and 12 employees. The company is classified under “growing of vegetables and melons, roots and tubers” and is based in Birchington; we hold 3 years of its filed accounts.

Full P&L filedSection A · Agriculture, forestry and fishingSIC 01130Growing of vegetables and melons, roots and tubers

Status: Active
Location: Birchington, South East
Age: 2 yrs · since 2024
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.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£520k

Growth —

Profit

−£1.5m

Growth —

Profit margin

−294.5%

Gross −180.3%

Employees

Change —

Profit / employee

−£128k

Revenue/employee £43.4k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	6 Feb 2024	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£50.3k	£520k
Cost of sales	—	£678k	£1.5m
Gross profit	—	−£628k	−£938k
Operating profit	—	−£1.2m	−£1.7m
Profit before tax	—	−£1.2m	−£1.8m
Profit after tax	—	−£1.8m	−£1.5m
Profit (best available)	—	−£1.8m	−£1.5m
Employees (average)	0	9	12
Ratios
Profit margin	—	−3607%	−294.5%
Gross margin	—	−1249%	−180.3%
Revenue per employee	—	£5.6k	£43.4k
Profit per employee	—	−£201k	−£128k
Balance sheet — indirect signals, not revenue
Cash at bank	—	£100k	£22k
Net assets	—	−£1.8m	−£3.3m
Fixed assets	—	£2.6m	£5.5m
Current assets	—	£553k	£807k
Debtors	—	£62.6k	£22k
Deferred income	—	£30.5k	£219k
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −294.5%; Profit ÷ revenue.
Gross margin: −180.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £43.4k; Revenue ÷ average employees.
Profit per employee: −£128k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1062%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 42.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.2%; 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 −£3.3m
Cash at bank: —; Now £22k
Headcount: —; Now 12
Deferred income: —; Now £219k
Fixed assets: —; Now £5.5m

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

Corporate ownership

Group structure

Ownership chain

TG1 Holding Ltdultimate parent75–100%
Thanet Earth Lettuce Limitedthis company

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

Sister companies (3)

Thanet Growers One LimitedRev. £7.6m · Profit £384k
Thanet Growers Six LimitedRev. £4.8m · Profit £176k
Thanet Growers Seven LimitedRev. £483 · Profit −£247k

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 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.