How much does 15Below Limited make?

15Below Limited reported revenue of £16.2m and £3.3m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does 15Below Limited have?

15Below Limited reported an average of 78 employees in the year to 31 Dec 2023.

Is 15Below Limited profitable?

Yes — 15Below Limited reported a profit of £3.3m in the year to 31 Dec 2023.

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

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 to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full 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)	68	78
Ratios
Profit margin	26.7%	20.3%
Gross margin	60%	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
Source	FullAccounts · bulk data Apr 2024	FullAccounts · 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

Project Venus Limitedultimate parent75–100%
15Below Holdings Limited75–100%
15Below Limitedthis company

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

Subsidiaries (1)

Airbot Technology 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 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.