1948 Group Limited
Registered name: 1948 GROUP LIMITED
1948 Group Limited made £32.3m revenue and £2.7m profit in the year to 31 Dec 2024.
1948 Group Limited’s revenue was £32.3m in the year to 31 Dec 2024, with £2.7m profit and 171 employees. The company is classified under “other business support service activities” and is based in Ashford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Ashford, South East
- Age
- 27 yrs · since 1999
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Profit only | Profit only | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | — | £32.3m |
| Cost of sales | — | — | −£26.5m |
| Gross profit | — | — | £5.8m |
| Operating profit | — | — | £4.5m |
| Profit before tax | — | — | £3.6m |
| Profit after tax | £671k | £416k | £2.7m |
| Profit (best available) | £671k | £416k | £2.7m |
| Employees (average) | 4 | 5 | 171 |
| Ratios | |||
| Profit margin | — | — | 8.4% |
| Gross margin | — | — | 18.1% |
| Revenue per employee | — | — | £189k |
| Profit per employee | £168k | £83.2k | £15.9k |
| Growth (year on year) | |||
| Profit growth | — | ▼38.1% | ▲554% |
| Headcount growth | — | ▲25% | ▲3320% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £936k | £336k | — |
| Net assets | £8.7m | £8.4m | — |
| Fixed assets | £13.3m | £15m | — |
| Current assets | £3.6m | £2.3m | — |
| Debtors | £0 | £8.1k | — |
| Deferred income | £10.8k | £131k | — |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 8.4%
- Profit ÷ revenue.
- Gross margin
- 18.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £189k
- Revenue ÷ average employees.
- Profit per employee
- £15.9k
- 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.
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
- ▲3320%
- Now 171
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (6)
- Thanet Waste Services LimitedRev. £17.3m · Profit £161k
- DDS Demolition LimitedRev. £7.6m · Profit £13.6k
- DDS Group LimitedFigures not disclosed
- Downfast Demolition & Salvage LimitedFigures not disclosed
- Secure Storage Solutions (Kent) LimitedFigures not disclosed
- Storage Solutions (Kent) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £2.7m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 22 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.