How much does Happy Days South West Limited make?

Happy Days South West Limited reported revenue of £4.1m and a loss of £1.2m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Happy Days South West Limited have?

Happy Days South West Limited reported an average of 180 employees in the year to 31 Dec 2023.

Is Happy Days South West Limited profitable?

No — Happy Days South West Limited reported a loss of £1.2m in the year to 31 Dec 2023.

Company No. 04802038 · Incorporated 17 Jun 2003

Happy Days South West Limited

Registered name: HAPPY DAYS SOUTH WEST LIMITED

Part of Pittshanger Holdco Ltd group

Happy Days South West Limited made £4.1m revenue and a £1.2m loss in the year to 31 Dec 2023. read from filing text

Happy Days South West Limited’s revenue grew 3% to £4.1m in the year to 31 Dec 2023, with a loss of £1.2m and 180 employees. The company is classified under “pre-primary education” and is based in Newquay; we hold 2 years of its filed accounts.

Full P&L filedSection P · EducationSIC 85100Pre-primary education

Status: Active
Location: Newquay, South West
Age: 23 yrs · since 2003
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.

Latest accounts · year to 31 Dec 2023

Key figures

Revenue

£4.1m

Growth ▲3.2%

Profit

−£1.2m

Growth ▼1233%

Profit margin

−30.5%

Gross 12.7%

Employees

180

Change ▲7.8%

Profit / employee

−£6.9k

Revenue/employee £22.6k

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.

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)	£3.9m	£4.1m
Cost of sales	£3.4m	£3.6m
Gross profit	£544k	£517k
Profit before tax	£110k	−£1.2m
Profit after tax	£110k	−£1.2m
Profit (best available)	£110k	−£1.2m
Staff costs	£3m	£3.2m
Employees (average)	167	180
Ratios
Profit margin	2.8%	−30.5%
Gross margin	13.8%	12.7%
Revenue per employee	£23.6k	£22.6k
Profit per employee	£657	−£6.9k
Growth (year on year)
Revenue growth	—	▲3.2%
Profit growth	—	▼1233%
Headcount growth	—	▲7.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£331k	£442k
Net assets	£1.7m	£454k
Fixed assets	£1m	£1.1m
Current assets	£7.2m	£8.5m
Debtors	£10.6k	£9.5k
Deferred income	£235k	£347k
Source	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Jan 2025

Derived from the latest filing

How the business works

Profit margin: −30.5%; Profit ÷ revenue.
Gross margin: 12.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £22.6k; Revenue ÷ average employees.
Profit per employee: −£6.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 26.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.2%; 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: ▼73%; Now £454k
Cash at bank: ▲34%; Now £442k
Headcount: ▲8%; Now 180
Deferred income: ▲48%; Now £347k
Fixed assets: ▲4%; Now £1.1m

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

Pittshanger Holdco Ltdultimate parent75–100%
Pittshanger Bidco Limited75–100%
H. Days Holdings Limited75–100%
Happy Days Consultancy Limited75–100%
Happy Days South West Limitedthis company

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

Sister companies (1)

Happy Days Day Nurseries LimitedRev. — · Profit £463k

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£1.2m), from the Companies House accounts bulk data published Jan 2025. 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.