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Company No. 13322265 · Incorporated 8 Apr 2021

Neos 1 Ltd

Registered name: NEOS 1 LTD

Part of Neos Topco Ltd group

Neos 1 Ltd made £13.5m revenue and £187k profit in the year to 31 Dec 2023. read from filing text

Neos 1 Ltd’s revenue grew 117% to £13.5m in the year to 31 Dec 2023, with £187k profit and 221 employees. The company is classified under “licensed clubs” and is based in Cardiff; we hold 3 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56301Licensed clubs
Status
Active
Location
Cardiff, Wales
Age
5 yrs · since 2021
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: “Following the Group restructure on 1 February 2024, the directors regard Skyvest Holdings ApS, a company incorporated in Denmark, as the ultimate controlling company.”

Latest accounts · year to 31 Dec 2023

Key figures

Young and profitable
Revenue
£13.5m
Growth ▲116.7%
Profit
£187k
Growth —
Profit margin
1.4%
Gross 76.5%
Employees
221
Change ▲16.9%
Profit / employee
£846
Revenue/employee £61.2k
Profitable streak
1yr
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 202131 Dec 202231 Dec 2023
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£0£6.2m£13.5m
Cost of sales£0£1.5m£3.2m
Gross profit£0£4.8m£10.4m
Profit before tax−£179k−£211k£187k
Profit after tax−£182k−£453k£187k
Profit (best available)−£182k−£453k£187k
Staff costs£15.2k£1.3m£2.7m
Employees (average)4189221
Ratios
Profit margin—−7.3%1.4%
Gross margin—76.6%76.5%
Revenue per employee£0£33k£61.2k
Profit per employee−£45.4k−£2.4k£846
Growth (year on year)
Revenue growth——▲116.7%
Headcount growth——▲16.9%
Balance sheet — indirect signals, not revenue
Cash at bank£139k£33.8k£263k
Net assets−£182k−£635k−£448k
Fixed assets£1.6m£8.6m£10.4m
Current assets£351k£245k£1.3m
Debtors£212k£0£372k
Deferred income£70k£1.1m£516k
SourceFullAccounts · bulk data Feb 2024FullAccounts · bulk data Feb 2024FullAccounts · bulk data Oct 2024
Derived from the latest filing

How the business works

Profit margin
1.4%
Profit ÷ revenue.
Gross margin
76.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£61.2k
Revenue ÷ average employees.
Profit per employee
£846
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
77.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
3.8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
2.8%
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 −£448k
Cash at bank
▲678%
Now £263k
Headcount
▲17%
Now 221
Deferred income
▼55%
Now £516k
Fixed assets
▲21%
Now £10.4m

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. Neos Topco Ltdultimate parent75–100%
  2. Neos Holdco Ltd75–100%
  3. Neos 1 Ltdthis company

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

Sister companies (36)

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 2023 (profit £187k), from the Companies House accounts bulk data published Oct 2024. 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.