The Soho Sandwich Company Ltd
Registered name: THE SOHO SANDWICH COMPANY LTD
Part of Five Thirty Six Ltd groupThe Soho Sandwich Company Ltd made £30.2m revenue and £1.4m profit in the year to 31 Dec 2024.
The Soho Sandwich Company Ltd’s revenue was £30.2m in the year to 31 Dec 2024, with £1.4m profit and 268 employees. The company is classified under “manufacture of other food products” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 22 yrs · since 2004
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £19.5m | £25.6m | £14.7m | £30.2m |
| Cost of sales | £9.1m | £11.3m | £10.8m | £24.5m |
| Gross profit | £10.4m | £14.3m | £3.9m | £5.6m |
| Operating profit | £477k | £1.7m | £1.1m | £1.4m |
| Profit before tax | £442k | £1.7m | £1m | £1.3m |
| Profit after tax | £511k | £1.7m | £677k | £1.4m |
| Profit (best available) | £511k | £1.7m | £677k | £1.4m |
| Staff costs | £5.2m | £6.3m | £3.5m | £7.3m |
| Employees (average) | 245 | 244 | 259 | 268 |
| Ratios | ||||
| Profit margin | 2.6% | 6.7% | 4.6% | 4.6% |
| Gross margin | 53.4% | 55.9% | 26.7% | 18.7% |
| Revenue per employee | £79.7k | £105k | £56.8k | £113k |
| Profit per employee | £2.1k | £7k | £2.6k | £5.2k |
| Cash conversion | 80.8% | 36.7% | −97.4% | −23% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲31.2% | — | — |
| Profit growth | — | ▲234.5% | — | — |
| Headcount growth | — | ▼0.4% | — | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £827k | £425k | £289k | £87.1k |
| Net assets | £2.3m | £4.1m | £4.7m | £6.1m |
| Fixed assets | £2.1m | £2.1m | £1.9m | £1.5m |
| Current assets | £6.5m | £8.2m | £9.6m | £11.4m |
| Debtors | £4.5m | £5.3m | £5m | £5.2m |
| Deferred income | £2.4m | £2.3m | £2.2m | £2m |
| Cash from operations | £385k | £632k | −£1m | −£325k |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 4.6%
- Profit ÷ revenue.
- Gross margin
- 18.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £113k
- Revenue ÷ average employees.
- Profit per employee
- £5.2k
- Profit ÷ average employees.
- Cash conversion
- −23%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 6.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.1%
- 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 £6.1m
- Cash at bank
- —
- Now £87.1k
- Headcount
- —
- Now 268
- Deferred income
- —
- Now £2m
- Fixed assets
- —
- Now £1.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Five Thirty Six Ltdultimate parent75–100%
- Around Noon Foods Limited75–100%
- The Soho Sandwich Company Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Around Noon LimitedRev. £26.4m · Profit £159k
- Around Noon (London) LimitedRev. £22.9m · Profit −£807k
- Around Noon (Bakery) LimitedFigures not disclosed
- Around Noon (Print) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.4m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 24 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.