Happy Lock Limited
Registered name: HAPPY LOCK LIMITED
Part of Padlock UK Masterholdco Limited groupHappy Lock Limited made £682k profit in the year to 31 Dec 2024 (revenue not disclosed).
Happy Lock Limited reported £682k profit in the year to 31 Dec 2024, up 733% on the year before; its revenue was not disclosed. It had 5 employees. The company is classified under “buying and selling of own real estate” and is based in Woking; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Woking, South East
- Age
- 9 yrs · since 2017
- 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: “The immediate parent company of Happy Lock Limited is Padlock UK Bidco 2 Limited. The ultimate controlling party is Padlock Euro Storage Fund I, a Canadian entity.”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
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 | Profit only |
| Profit & loss | |||
| Revenue (turnover) | — | — | — |
| Profit after tax | £318k | £81.8k | £682k |
| Profit (best available) | £318k | £81.8k | £682k |
| Staff costs | — | £62.8k | £66.5k |
| Employees (average) | 3 | 5 | 5 |
| Ratios | |||
| Profit margin | — | — | — |
| Profit per employee | £106k | £16.4k | £136k |
| Growth (year on year) | |||
| Profit growth | — | ▼74.2% | ▲733.2% |
| Headcount growth | — | ▲66.7% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £65.4k | £58.4k | £63.9k |
| Net assets | £1.7m | £1.8m | £2.4m |
| Current assets | £125k | £145k | £330k |
| Source | FilletedAccounts · bulk data Sep 2024 | FilletedAccounts · bulk data Sep 2024 | FilletedAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £136k
- 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
- ▲39%
- Now £2.4m
- Cash at bank
- ▲9%
- Now £63.9k
- Headcount
- 0%
- Now 5
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Padlock UK Masterholdco Limitedultimate parent75–100%
- Padlock UK Bidco 2 Limited75–100%
- Happy Lock Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Bebe Storage LimitedRev. — · Profit £147k
- Evin Property Investments LtdRev. — · Profit £371k
- Leighton Buzzard Self Storage LimitedRev. — · Profit £2.8m
- Padlock Wimbledon LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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- Staff
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Sources
Latest figures from FilletedAccounts for the year to 31 Dec 2024 (profit £682k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.