John H. Lunn (Jewellers), Limited
Registered name: JOHN H. LUNN (JEWELLERS), LIMITED
John H. Lunn (Jewellers), Limited made £38.3m revenue and £1.9m profit in the year to 28 Feb 2025.
John H. Lunn (Jewellers), Limited’s revenue grew 3% to £38.3m in the year to 28 Feb 2025, with £1.9m profit and 121 employees. The company is classified under “other retail sale of new goods in specialised stores (not commercial art galleries and opticians)” and is based in Belfast; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 72 yrs · since 1954
- 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. From the filing: “Mr P J Lunn (a director of the company) is deemed to be the controlling party of the company by virtue of his majority shareholding in John H Lunn (Jewellers) Limited.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 28 Feb 2024 | 29 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £27.1m | £34m | £37.3m | £37.3m | £38.3m |
| Cost of sales | £16.9m | £21.3m | £24.1m | £24.1m | £24.5m |
| Gross profit | £10.1m | £12.7m | £13.2m | £13.2m | £13.8m |
| Operating profit | £2.3m | £2.9m | £2.8m | £2.8m | £3m |
| Profit before tax | £2m | £2.7m | £2m | £2m | £2.4m |
| Profit after tax | £1.7m | £2.2m | £1.3m | £1.3m | £1.9m |
| Profit (best available) | £1.7m | £2.2m | £1.3m | £1.3m | £1.9m |
| Staff costs | £4.4m | £5.3m | £5.3m | £5.3m | £5.9m |
| Employees (average) | 91 | 114 | 114 | 114 | 121 |
| Ratios | |||||
| Profit margin | 6.2% | 6.3% | 3.6% | 3.6% | 5% |
| Gross margin | 37.4% | 37.2% | 35.4% | 35.4% | 36% |
| Revenue per employee | £297k | £298k | £327k | £327k | £316k |
| Profit per employee | £18.6k | £18.9k | £11.7k | £11.7k | £15.9k |
| Cash conversion | 152.2% | 69.7% | 46.3% | 46.3% | 169.6% |
| Growth (year on year) | |||||
| Revenue growth | — | ▲25.7% | ▲9.7% | — | ▲2.5% |
| Profit growth | — | ▲27.7% | ▼38.1% | — | ▲44% |
| Headcount growth | — | ▲25.3% | 0% | — | ▲6.1% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £1.3m | £950k | £76.6k | £76.6k | £465k |
| Net assets | £11.2m | £13.2m | £14.3m | £14.3m | £16m |
| Fixed assets | £9.4m | £9.5m | £11.8m | £11.8m | £12.9m |
| Current assets | £10.7m | £12.5m | £12.7m | £12.7m | £12.7m |
| Debtors | £2m | £2.1m | £1.4m | £1.4m | £1.2m |
| Deferred income | £1.6m | £1.7m | £1.2m | £1.2m | £903k |
| Cash from operations | £3.4m | £2m | £1.3m | £1.3m | £5.1m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 5%
- Profit ÷ revenue.
- Gross margin
- 36%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £316k
- Revenue ÷ average employees.
- Profit per employee
- £15.9k
- Profit ÷ average employees.
- Cash conversion
- 169.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 33.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3%
- 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
- ▲12%
- Now £16m
- Cash at bank
- ▲507%
- Now £465k
- Headcount
- ▲6%
- Now 121
- Deferred income
- ▼27%
- Now £903k
- Fixed assets
- ▲9%
- Now £12.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- JHL Retail LimitedRev. £286k · Profit −£19.5k
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Ua UK Retail LimitedLondon · Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Revenue
- £39.3m
- Profit
- £325k
- Staff
- 298
- Park Cameras LimitedBurgess Hill · Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Revenue
- £37.2m
- Profit
- £1.9m
- Staff
- 67
- Yorkshire Caravans & Motorhomes LimitedDoncaster · Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Revenue
- £34.5m
- Profit
- £921k
- Staff
- 64
- Affordable Golf Ltd.Glasgow · Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Revenue
- £33.7m
- Profit
- £2m
- Staff
- 68
- Bibby Agriculture LimitedCarlisle · Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Revenue
- £44.1m
- Profit
- £1.3m
- Staff
- 18
- C Page LimitedPortslade · Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Revenue
- £32.1m
- Profit
- £3.9m
- Staff
- 90
Sources
Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £1.9m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 14 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.