How much does Budock Vean Hotel Limited make?

Budock Vean Hotel Limited reported revenue of £3.4m and a loss of £903k in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Budock Vean Hotel Limited have?

Budock Vean Hotel Limited reported an average of 89 employees in the year to 31 Mar 2025.

Is Budock Vean Hotel Limited profitable?

No — Budock Vean Hotel Limited reported a loss of £903k in the year to 31 Mar 2025.

Company No. 00259572 · Incorporated 10 Oct 1931

Budock Vean Hotel Limited

Registered name: BUDOCK VEAN HOTEL LIMITED

Part of Nettleton Holdings Limited group

Budock Vean Hotel Limited made £3.4m revenue and a £903k loss in the year to 31 Mar 2025.

Budock Vean Hotel Limited’s revenue was £3.4m in the year to 31 Mar 2025, with a loss of £903k and 89 employees. The company is classified under “hotels and similar accommodation” and is based in Truro; we hold 4 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation

Status: Active
Location: Truro, South West
Age: 95 yrs · since 1931
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: “Budock Vean Holdings Limited”

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£3.4m

Growth —

Profit

−£903k

Growth —

Profit margin

−26.4%

Gross 46.5%

Employees

Change —

Profit / employee

−£10.1k

Revenue/employee £38.4k

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 to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.1m	£3.4m	£3.3m	£3.4m
Cost of sales	£1.2m	£1.4m	£1.5m	£1.8m
Gross profit	£1.9m	£2m	£1.8m	£1.6m
Operating profit	£761k	−£6.1k	−£365k	−£1.1m
Profit before tax	£642k	−£158k	−£1.9m	−£1.3m
Profit after tax	£346k	−£127k	−£1.5m	−£903k
Profit (best available)	£346k	−£127k	−£1.5m	−£903k
Staff costs	£1.2m	£1.5m	£1.7m	£2.1m
Employees (average)	79	83	92	89
Ratios
Profit margin	11.2%	−3.7%	−44.7%	−26.4%
Gross margin	62.6%	59%	54.4%	46.5%
Revenue per employee	£39k	£41.5k	£35.5k	£38.4k
Profit per employee	£4.4k	−£1.5k	−£15.9k	−£10.1k
Growth (year on year)
Revenue growth	—	▲11.7%	▼5.2%	—
Profit growth	—	▼136.7%	—	—
Headcount growth	—	▲5.1%	▲10.8%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£407k	£36.4k	£129k
Net assets	£1.1m	£587k	−£1.1m	−£2m
Fixed assets	£6.8m	£7m	£5.6m	£5.6m
Current assets	£2m	£939k	£155k	£437k
Debtors	£765k	£325k	£11.2k	£41.8k
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Feb 2026	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: −26.4%; Profit ÷ revenue.
Gross margin: 46.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £38.4k; Revenue ÷ average employees.
Profit per employee: −£10.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 163.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.2%; 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 −£2m
Cash at bank: —; Now £129k
Headcount: —; Now 89
Deferred income: —; Now —
Fixed assets: —; Now £5.6m

Corporate ownership

Group structure

Ownership chain

Nettleton Holdings Limitedultimate parent75–100%
Net Hotel 4 Limited75–100%
Budock Vean Holdings Limited75–100%
Budock Vean Hotel Limitedthis company

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

Subsidiaries (2)

Budock Vean Developments LimitedFigures not disclosed
Budock Vean Holidays LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£903k), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Updated from Companies House on 11 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.