Skip to content
CompanySight
Company No. 03945289 · Incorporated 10 Mar 2000

15Below Limited

Registered name: 15BELOW LIMITED

Part of Project Venus Limited group

15Below Limited made £16.2m revenue and £3.3m profit in the year to 31 Dec 2023. read from filing text

15Below Limited’s revenue grew 6% to £16.2m in the year to 31 Dec 2023, with £3.3m profit and 78 employees. The company is classified under “information technology consultancy activities” and is based in Brighton; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities
Status
Active
Location
Brighton, South East
Age
26 yrs · since 2000
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 parent company is 15below Holdings Limited, a company incorporated in England and Wales and whose registered office is Lyndean House, 43-46 Queens Road, Brighton”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light
Revenue
£16.2m
Growth ▲6.5%
Profit
£3.3m
Growth ▼19.1%
Profit margin
20.3%
Gross 57.5%
Employees
78
Change ▲14.7%
Profit / employee
£42k
Revenue/employee £207k
Profitable streak
2yrs
Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 2023
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£15.2m£16.2m
Cost of sales£6.1m£6.9m
Gross profit£9.1m£9.3m
Operating profit£4.9m£4.2m
Profit before tax£4.9m£4.3m
Profit after tax£4m£3.3m
Profit (best available)£4m£3.3m
Staff costs£4.4m£5.3m
Employees (average)6878
Ratios
Profit margin26.7%20.3%
Gross margin60%57.5%
Revenue per employee£223k£207k
Profit per employee£59.5k£42k
Growth (year on year)
Revenue growth—▲6.5%
Profit growth—▼19.1%
Headcount growth—▲14.7%
Balance sheet — indirect signals, not revenue
Cash at bank£3.6m£5.7m
Net assets£3.6m£6.7m
Fixed assets£90.2k£98.9k
Current assets£7m£10.9m
Debtors£2m£2.5m
Deferred income£1.4m£1.9m
SourceFullAccounts · bulk data Apr 2024FullAccounts · bulk data Apr 2024
Derived from the latest filing

How the business works

Profit margin
20.3%
Profit ÷ revenue.
Gross margin
57.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£207k
Revenue ÷ average employees.
Profit per employee
£42k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
11.8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
15.7%
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
▲85%
Now £6.7m
Cash at bank
▲61%
Now £5.7m
Headcount
▲15%
Now 78
Deferred income
▲35%
Now £1.9m
Fixed assets
▲10%
Now £98.9k
Corporate ownership

Group structure

Ownership chain

  1. Project Venus Limitedultimate parent75–100%
  2. 15Below Holdings Limited75–100%
  3. 15Below Limitedthis company

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

Subsidiaries (1)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £3.3m), from the Companies House accounts bulk data published Apr 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.