THORLABS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Streets Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. THORLABS LIMITED · parent
   1. Thorlabs Elliptec GmbH 100% · Germany · manufacture and sale of scientific instruments.

Significant events

• “The business continued to develop and grow during 2024. Turnover increased by 1.8% (2023: increased by 6.4%) and operating profit before tax was 14.3% (2023: 13.6%)... Overall operating profit % increased due to successful efforts to source raw materials and electronic components at more competitive prices, and as a result of continued implementation of lean manufacturing initiatives... During 2024 Thorlabs saw steady organic growth along with additive revenues from the new product releases.”
• “In January 2022, the company acquired an additional plot of land adjacent to its main site. Thorlabs Limited is actively planning extension of its current building at this site and expects starting construction of additional 70,000sqm operations facility late 2025 or early 2026. To secure opportunities for future longer-term growth, Thorlabs Ltd has also acquired another 4 acres of land in November 2022, which is within the short distance to its current site.”
• “During 2025, the company has achieved ISO 45001 certification (Occupational Health and Safety Standard), which is a recognition of effective Health & Safety Management system.”
• “During 2024, total emissions decreased by 10.3 tCO2e and 0.1 tCO2e per head primarily due to eliminating majority of natural gas use in production processes in the latter part of 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.8%

  £77,631,754 → £78,990,737

• Cash

  +128.8%

  £3,731,614 → £8,536,729

• Net assets

  +23.8%

  £36,291,716 → £44,929,910

• Employees

  +2.8%

  323 → 332

• Operating profit

  +6.5%

  £10,583,787 → £11,274,732

• Profit before tax

  +7.4%

  £10,602,832 → £11,384,676

• Wages

  +7.3%

  £10,794,073 → £11,586,992

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers