How much does Pho Trading Limited make?

Pho Trading Limited reported revenue of £71.1m and £2.7m profit in the year to 25 Feb 2024, according to its accounts filed at Companies House.

How many employees does Pho Trading Limited have?

Pho Trading Limited reported an average of 1,087 employees in the year to 25 Feb 2024.

Is Pho Trading Limited profitable?

Yes — Pho Trading Limited reported a profit of £2.7m in the year to 25 Feb 2024.

Company No. 05329479 · Incorporated 11 Jan 2005

Pho Trading Limited

Registered name: PHO TRADING LIMITED

Part of Pho Holdings Limited group

Pho Trading Limited made £71.1m revenue and £2.7m profit in the year to 25 Feb 2024.

Pho Trading Limited’s revenue grew 22% to £71.1m in the year to 25 Feb 2024, with £2.7m profit and 1,087 employees. The company is classified under “licensed restaurants” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56101Licensed restaurants

Status: Active
Location: London, London
Age: 21 yrs · since 2005
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 25 Feb 2024

Key figures

Operating leverage

Revenue

£71.1m

Growth ▲21.9%

Profit

£2.7m

Growth ▲57.3%

Profit margin

3.8%

Gross 79.2%

Employees

1,087

Change ▲18.7%

Profit / employee

£2.5k

Revenue/employee £65.4k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	20 Feb 2022	19 Feb 2023	25 Feb 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£43.7m	£58.3m	£71.1m
Cost of sales	£8.1m	£12.7m	£14.8m
Gross profit	£35.5m	£45.6m	£56.3m
Operating profit	£5.9m	£2.2m	£4m
Profit before tax	£5.6m	£1.8m	£3.6m
Profit after tax	£4.6m	£1.7m	£2.7m
Profit (best available)	£4.6m	£1.7m	£2.7m
Staff costs	£16m	£21.5m	£26.5m
Employees (average)	666	916	1,087
Ratios
Profit margin	10.4%	2.9%	3.8%
Gross margin	81.4%	78.3%	79.2%
Revenue per employee	£65.6k	£63.7k	£65.4k
Profit per employee	£6.8k	£1.9k	£2.5k
Growth (year on year)
Revenue growth	—	▲33.6%	▲21.9%
Profit growth	—	▼62.4%	▲57.3%
Headcount growth	—	▲37.5%	▲18.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£7.7m	£10m	£7.7m
Net assets	£4.3m	£6.1m	£4.1m
Fixed assets	£11.3m	£14.1m	£17.6m
Current assets	£10.9m	£15m	£17.9m
Debtors	£158k	£0	£80.4k
Deferred income	£3m	£3.5m	£4.8m
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: 3.8%; Profit ÷ revenue.
Gross margin: 79.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £65.4k; Revenue ÷ average employees.
Profit per employee: £2.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 24.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.1%; 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: ▼32%; Now £4.1m
Cash at bank: ▼23%; Now £7.7m
Headcount: ▲19%; Now 1,087
Deferred income: ▲38%; Now £4.8m
Fixed assets: ▲25%; Now £17.6m

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

Pho Holdings Limitedultimate parent75–100%
Pho Trading Limitedthis company

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

Subsidiaries (2)

Pho (Brighton) LimitedFigures not disclosed
Pho (Edinburgh) LtdFigures not disclosed

Sister companies (1)

Pho Franchise 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 25 Feb 2024 (profit £2.7m), from the Companies House accounts bulk data published Nov 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.