How much does Palmglen Limited make?

Palmglen Limited reported revenue of £12.7m and £1.1m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Palmglen Limited have?

Palmglen Limited reported an average of 103 employees in the year to 31 Mar 2025.

Is Palmglen Limited profitable?

Yes — Palmglen Limited reported a profit of £1.1m in the year to 31 Mar 2025.

Company No. 01590762 · Incorporated 12 Oct 1981

Palmglen Limited

Registered name: PALMGLEN LIMITED

Part of The Ronnie Scott's Jazz Club Limited group

Palmglen Limited made £12.7m revenue and £1.1m profit in the year to 31 Mar 2025. read from filing text

Palmglen Limited’s revenue fell 10% to £12.7m in the year to 31 Mar 2025, with £1.1m profit and 103 employees. The company is classified under “public houses and bars” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56302Public houses and bars

Status: Active
Location: London, London
Age: 45 yrs · since 1981
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 and ultimate parent company is The Ronnie Scott's Jazz Club Limited, a company registered in England and Wales. Copies of the group financial statements can be obtained from Companies Ho”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-light

Revenue

£12.7m

Growth ▼10.1%

Profit

£1.1m

Growth ▼55.6%

Profit margin

8.6%

Gross 61.1%

Employees

103

Change ▼1%

Profit / employee

£10.7k

Revenue/employee £124k

Profitable streak

4yrs

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 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£10.5m	£13.9m	£14.2m	£12.7m
Cost of sales	£3.2m	£5m	£5.4m	£5m
Gross profit	£7.2m	£8.9m	£8.8m	£7.8m
Operating profit	£4.6m	£3.4m	£3.3m	£1.4m
Profit before tax	£4.6m	£3.6m	£3.4m	£1.5m
Profit after tax	£3.7m	£2.9m	£2.5m	£1.1m
Profit (best available)	£3.7m	£2.9m	£2.5m	£1.1m
Staff costs	£2.3m	£2.5m	£2.9m	£3.3m
Employees (average)	80	88	104	103
Ratios
Profit margin	35.4%	20.6%	17.5%	8.6%
Gross margin	69.1%	64.1%	61.9%	61.1%
Revenue per employee	£131k	£158k	£136k	£124k
Profit per employee	£46.3k	£32.5k	£23.8k	£10.7k
Cash conversion	−96.4%	−70.7%	—	—
Growth (year on year)
Revenue growth	—	▲32.6%	▲2.2%	▼10.1%
Profit growth	—	▼22.6%	▼13.6%	▼55.6%
Headcount growth	—	▲10%	▲18.2%	▼1%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.4m	£4.8m	£4.1m	£2.2m
Net assets	£6.8m	£6.6m	£5.3m	£5.7m
Fixed assets	£1.8m	£1.6m	£1.6m	£961k
Current assets	£9m	£8.6m	£7.2m	£4.9m
Debtors	£233k	£304k	£526k	£266k
Deferred income	£1.8m	£1.9m	£2m	£2.6m
Cash from operations	−£4.5m	−£2.4m	—	—
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 8.6%; Profit ÷ revenue.
Gross margin: 61.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £124k; Revenue ÷ average employees.
Profit per employee: £10.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 20.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.1%; 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: ▲7%; Now £5.7m
Cash at bank: ▼47%; Now £2.2m
Headcount: ▼1%; Now 103
Deferred income: ▲27%; Now £2.6m
Fixed assets: ▼42%; Now £961k

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

The Ronnie Scott's Jazz Club Limitedultimate parent75–100%
Palmglen Limitedthis company

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

Sister companies (1)

Ronnie Scott's 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 £1.1m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 14 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.