Skip to content
CompanySight
Sign in
Company No. 10798692 · Incorporated 1 Jun 2017

Michels Ventures 2 Limited

Registered name: MICHELS VENTURES 2 LIMITED

Part of London and Regional Group Properties Ltd group

Michels Ventures 2 Limited made £11.5m revenue and a £815k loss in the year to 31 Dec 2024.

Michels Ventures 2 Limited’s revenue was £11.5m in the year to 31 Dec 2024, with a loss of £815k and 258 employees. The company is classified under “hotels and similar accommodation” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation
Status
Active
Location
London, London
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: “London and Regional Group Property Holdings Ltd”

Latest accounts · year to 31 Dec 2024

Key figures

Cash flow filed
Revenue
£11.5m
Growth ▼0.3%
Profit
−£815k
Growth —
Profit margin
−7.1%
Gross 89.4%
Employees
258
Change 0%
Profit / employee
−£3.2k
Revenue/employee £44.5k
Profitable streak
0yrs
Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£10.7m£11.5m£11.5m
Cost of sales£1.3m£1.3m£1.2m
Gross profit£9.4m£10.2m£10.3m
Operating profit£447k£840k£1.1m
Profit before tax−£292k−£258k−£3.3k
Profit after tax−£715k−£1.2m−£815k
Profit (best available)−£715k−£1.2m−£815k
Staff costs£4.2m£4.7m£4.6m
Employees (average)—258258
Ratios
Profit margin−6.7%−10.1%−7.1%
Gross margin88.1%88.9%89.4%
Revenue per employee—£44.6k£44.5k
Profit per employee—−£4.5k−£3.2k
Cash conversion165.3%237.9%161.3%
Growth (year on year)
Revenue growth—▲7.9%▼0.3%
Headcount growth——0%
Balance sheet — indirect signals, not revenue
Cash at bank£1.8m£1.8m£6.9k
Net assets−£2.9m−£4.1m−£4.9m
Fixed assets£15.7m£15.2m£14.7m
Current assets£8.4m£6.6m£7.1m
Debtors£596k£245k£226k
Deferred income£52.6k£59.6k£99.9k
Cash from operations£739k£2m£1.7m
SourceAccounts · bulk data Sep 2024Accounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
−7.1%
Profit ÷ revenue.
Gross margin
89.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£44.5k
Revenue ÷ average employees.
Profit per employee
−£3.2k
Profit ÷ average employees.
Cash conversion
161.3%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
128.2%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.9%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
2%
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 −£4.9m
Cash at bank
▼100%
Now £6.9k
Headcount
0%
Now 258
Deferred income
▲68%
Now £99.9k
Fixed assets
▼3%
Now £14.7m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. London and Regional Group Properties Ltdultimate parent75–100%
  2. London and Regional Group Property Holdings Ltd75–100%
  3. Michels Ventures 2 Limitedthis company

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

Subsidiaries (1)

Sister companies (40)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£815k), 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.