How much does Pho Trading Limited make?

Pho Trading Limited reported revenue of £75.6m and £4m profit in the year to 28 Dec 2025, according to its accounts filed at Companies House.

How many employees does Pho Trading Limited have?

Pho Trading Limited reported an average of 1,280 employees in the year to 28 Dec 2025.

Is Pho Trading Limited profitable?

Yes — Pho Trading Limited reported a profit of £4m in the year to 28 Dec 2025.

Company No. 05329479 · Incorporated 11 Jan 2005

Pho Trading Limited

Registered name: PHO TRADING LIMITED

Part of Pho Holdings Limited group

Pho Trading Limited made £75.6m revenue and £4m profit in the year to 28 Dec 2025.

Pho Trading Limited’s revenue was £75.6m in the year to 28 Dec 2025, with £4m profit and 1,280 employees. The company is classified under “licensed restaurants” and is based in London; we hold 5 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56101Licensed restaurants

Status: Active
Location: London, London
Age: 21 yrs · since 2005
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 28 Dec 2025

Key figures

Operating leverage

Revenue

£75.6m

Growth —

Profit

£4m

Growth —

Profit margin

5.4%

Gross 46%

Employees

1,280

Change —

Profit / employee

£3.2k

Revenue/employee £59k

Profitable streak

4yrs

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	20 Feb 2022	19 Feb 2023	23 Feb 2024	25 Feb 2024	28 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£43.7m	£58.3m	£71.1m	£71.1m	£75.6m
Cost of sales	£8.1m	£12.7m	−£37.9m	£14.8m	−£40.8m
Gross profit	£35.5m	£45.6m	£33.2m	£56.3m	£34.7m
Operating profit	£5.9m	£2.2m	£4m	£4m	£5m
Profit before tax	£5.6m	£1.8m	£3.6m	£3.6m	£4.6m
Profit after tax	£4.6m	£1.7m	£2.7m	£2.7m	£4m
Profit (best available)	£4.6m	£1.7m	£2.7m	£2.7m	£4m
Staff costs	£16m	£21.5m	—	£26.5m	—
Employees (average)	666	916	1,089	1,087	1,280
Ratios
Profit margin	10.4%	2.9%	3.8%	3.8%	5.4%
Gross margin	81.4%	78.3%	46.7%	79.2%	46%
Revenue per employee	£65.6k	£63.7k	£65.3k	£65.4k	£59k
Profit per employee	£6.8k	£1.9k	£2.5k	£2.5k	£3.2k
Growth (year on year)
Revenue growth	—	▲33.6%	▲21.9%	▲21.9%	—
Profit growth	—	▼62.4%	▲57.3%	▲57.3%	—
Headcount growth	—	▲37.5%	▲18.9%	▲18.7%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£7.7m	£10m	—	£7.7m	—
Net assets	£4.3m	£6.1m	—	£4.1m	—
Fixed assets	£11.3m	£14.1m	—	£17.6m	—
Current assets	£10.9m	£15m	—	£17.9m	—
Debtors	£158k	£0	—	£80.4k	—
Deferred income	£3m	£3.5m	—	£4.8m	—
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023	Accounts · bulk data Oct 2025	FullAccounts · bulk data Nov 2024	Accounts · bulk data Oct 2026

Derived from the latest filing

How the business works

Profit margin: 5.4%; Profit ÷ revenue.
Gross margin: 46%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £59k; Revenue ÷ average employees.
Profit per employee: £3.2k; 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.

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 —
Cash at bank: —; Now —
Headcount: —; Now 1,280
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Pho Holdings Limitedultimate parent75–100%
Pho Trading Limitedthis company

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

Subsidiaries (2)

Pho (Brighton) LimitedFigures not disclosed
Pho (Edinburgh) LtdFigures not disclosed

Sister companies (1)

Pho Franchise LimitedFigures not disclosed

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 accounts for the year to 28 Dec 2025 (profit £4m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.

Updated from Companies House on 21 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.