How much does Cubitt House Limited make?

Cubitt House Limited reported revenue of £20m and a loss of £1.9m in the year to 29 Dec 2024, according to its accounts filed at Companies House.

How many employees does Cubitt House Limited have?

Cubitt House Limited reported an average of 377 employees in the year to 29 Dec 2024.

Is Cubitt House Limited profitable?

No — Cubitt House Limited reported a loss of £1.9m in the year to 29 Dec 2024.

Company No. 05399542 · Incorporated 20 Mar 2005

Cubitt House Limited

Registered name: CUBITT HOUSE LIMITED

Part of Carpenter Topco (Jersey) Limited group

Cubitt House Limited made £20m revenue and a £1.9m loss in the year to 29 Dec 2024.

Cubitt House Limited’s revenue grew 1% to £20m in the year to 29 Dec 2024, with a loss of £1.9m and 377 employees. The company is classified under “hotels and similar accommodation” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation SIC 56101Licensed restaurants SIC 56302Public houses and bars

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 29 Dec 2024

Key figures

Revenue

£20m

Growth ▲0.6%

Profit

−£1.9m

Growth —

Profit margin

−9.7%

Gross 75.2%

Employees

377

Change ▲2.2%

Profit / employee

−£5.1k

Revenue/employee £53.2k

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 2023	29 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19.9m	£20m
Cost of sales	£4.9m	£5m
Gross profit	£15.1m	£15.1m
Operating profit	−£345k	−£829k
Profit before tax	−£1.4m	−£1.9m
Profit after tax	−£1.6m	−£1.9m
Profit (best available)	−£1.6m	−£1.9m
Staff costs	£8.5m	£8.8m
Employees (average)	369	377
Ratios
Profit margin	−7.8%	−9.7%
Gross margin	75.6%	75.2%
Revenue per employee	£54k	£53.2k
Profit per employee	−£4.2k	−£5.1k
Growth (year on year)
Revenue growth	—	▲0.6%
Headcount growth	—	▲2.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£1.2m
Net assets	£7.5m	£6.4m
Fixed assets	£21m	£21.7m
Current assets	£5.2m	£4.3m
Debtors	£205k	£5.5k
Deferred income	£1m	£1.4m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: −9.7%; Profit ÷ revenue.
Gross margin: 75.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £53.2k; Revenue ÷ average employees.
Profit per employee: −£5.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 108%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▼15%; Now £6.4m
Cash at bank: ▼41%; Now £1.2m
Headcount: ▲2%; Now 377
Deferred income: ▲39%; Now £1.4m
Fixed assets: ▲3%; Now £21.7m

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

Carpenter Topco (Jersey) Limited (registered outside the UK register)ultimate parent75–100%
Carpenter Holdco Limited75–100%
Carpenter Finco Limited75–100%
Carpenter Sub-Finco Limited75–100%
Cubitt House Limitedthis company

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

Sister companies (1)

Montagu House LimitedRev. — · Profit £792k

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 29 Dec 2024 (profit −£1.9m), from the Companies House accounts bulk data published Aug 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.