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Company No. 11165736 · Incorporated 23 Jan 2018

Michels Ventures 3 Limited

Registered name: MICHELS VENTURES 3 LIMITED

Part of London and Regional Group Properties Ltd group

Michels Ventures 3 Limited made £8.9m revenue and a £177k loss in the year to 31 Dec 2025.

Michels Ventures 3 Limited’s revenue fell 12% to £8.9m in the year to 31 Dec 2025, with a loss of £177k and 116 employees. The company is classified under “hotels and similar accommodation” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation
Status
Active
Location
London, London
Age
8 yrs · since 2018
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 2025

Key figures

Revenue
£8.9m
Growth ▼12.4%
Profit
−£177k
Growth ▼139.3%
Profit margin
−2%
Gross 89.8%
Employees
116
Change ▼16.6%
Profit / employee
−£1.5k
Revenue/employee £76.8k
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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£10.1m£10.4m£10.2m£8.9m
Cost of sales£574k£681k£826k£907k
Gross profit£9.5m£9.7m£9.3m£8m
Operating profit£1.5m£2.3m£2.3m£1.4m
Profit before tax£282k£564k£449k−£296k
Profit after tax£231k£479k£450k−£177k
Profit (best available)£231k£479k£450k−£177k
Staff costs£2.6m£2.8m£3m£2.8m
Employees (average)—127139116
Ratios
Profit margin2.3%4.6%4.4%−2%
Gross margin94.3%93.5%91.9%89.8%
Revenue per employee—£82.1k£73.2k£76.8k
Profit per employee—£3.8k£3.2k−£1.5k
Growth (year on year)
Revenue growth—▲3.6%▼2.4%▼12.4%
Profit growth—▲107.1%▼6%▼139.3%
Headcount growth——▲9.4%▼16.6%
Balance sheet — indirect signals, not revenue
Cash at bank£2.9m£2.9m£2.1m£2.1m
Net assets£3.3m£3.8m£4.2m£4.1m
Fixed assets£31.3m£30.9m£30.9m£31m
Current assets£7.8m£9.1m£10.2m£10.9m
Debtors£556k£179k£205k£374k
Deferred income£775k£573k£617k£368k
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
−2%
Profit ÷ revenue.
Gross margin
89.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£76.8k
Revenue ÷ average employees.
Profit per employee
−£1.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
347.3%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
4.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
4.2%
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
▼4%
Now £4.1m
Cash at bank
▲0%
Now £2.1m
Headcount
▼17%
Now 116
Deferred income
▼40%
Now £368k
Fixed assets
▲0%
Now £31m

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 3 Limitedthis company

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

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 2025 (profit −£177k), from the Companies House accounts bulk data published Sep 2026. 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.