Cardo (South) Limited
Registered name: CARDO (SOUTH) LIMITED
Part of Bp Inv6 Topco Limited groupCardo (South) Limited made £117m revenue and £5.2m profit in the year to 28 Feb 2026.
Cardo (South) Limited’s revenue grew 69% to £117m in the year to 28 Feb 2026, with £5.2m profit. The company is classified under “management of real estate on a fee or contract basis” and is based in Cardiff; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 20 yrs · since 2006
- 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: “On the 1 September 2023, following the sale of shares in Cardo (South) Limited (formerly Osborne Property Services Limited) by Geoffrey Osborne Limited, Cardo Group Limited became the immediate parent”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 28 Feb 2024 | 29 Feb 2024 | 28 Feb 2025 | 28 Feb 2026 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £62.8m | £52.6m | £52.6m | £69.4m | £117m |
| Cost of sales | £59.6m | £46.9m | £47.9m | £59.3m | −£101m |
| Gross profit | £3.2m | £5.7m | £4.7m | £10.1m | £16.4m |
| Operating profit | −£319k | £1m | £1m | £3.5m | £7.2m |
| Profit before tax | −£319k | £1m | £1m | £3.5m | £7.1m |
| Profit after tax | −£482k | £818k | £818k | £2.5m | £5.2m |
| Profit (best available) | −£482k | £818k | £818k | £2.5m | £5.2m |
| Employees (average) | 217 | 239 | 239 | 289 | — |
| Ratios | |||||
| Profit margin | −0.8% | 1.6% | 1.6% | 3.6% | 4.5% |
| Gross margin | 5.2% | 10.9% | 8.9% | 14.6% | 14% |
| Revenue per employee | £289k | £220k | £220k | £240k | — |
| Profit per employee | −£2.2k | £3.4k | £3.4k | £8.8k | — |
| Growth (year on year) | |||||
| Revenue growth | — | — | — | ▲31.9% | ▲68.7% |
| Profit growth | — | — | — | ▲210% | ▲106.7% |
| Headcount growth | — | — | — | ▲20.9% | — |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £19.5k | — | £5m | — | — |
| Net assets | £3m | — | £3.8m | — | — |
| Fixed assets | £174k | — | £115k | — | — |
| Current assets | £12.1m | — | £17.5m | — | — |
| Debtors | £2.5m | — | £3.4m | — | — |
| Deferred income | £4.7m | — | £5.9m | — | — |
| Source | FullAccounts · bulk data Jul 2024 | Accounts · bulk data Oct 2025 | FullAccounts · bulk data Jul 2024 | Accounts · bulk data Oct 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 4.5%
- Profit ÷ revenue.
- Gross margin
- 14%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Bp Inv6 Topco Limited (registered outside the UK register)ultimate parent75–100%
- BP INV6 Bidco Limited75–100%
- Cardo Group Limited75–100%
- Cardo (South) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (12)
- Trident Maintenance Services LtdRev. £37.9m · Profit £3m
- Cardo (Wales & West) LimitedRev. £35.6m · Profit £1.1m
- Correct Contract Services LimitedRev. £29m · Profit £1.2m
- Ag Newco LimitedFigures not disclosed
- Aspect Group Holdings LimitedRev. — · Profit £563k
- Cardo (Scotland) Holdings LimitedFigures not disclosed
- CTS Projects LimitedFigures not disclosed
- Efs Systems (UK) LtdFigures not disclosed
- Faskin Group LtdFigures not disclosed
- Jefferies Holdings LimitedFigures not disclosed
- Rluk Fire LtdFigures not disclosed
- Tim O'Brien (Newport) 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 28 Feb 2026 (profit £5.2m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 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.