How much does Cardo (South) Limited make?

Cardo (South) Limited reported revenue of £52.6m and £818k profit in the year to 29 Feb 2024, according to its accounts filed at Companies House.

How many employees does Cardo (South) Limited have?

Cardo (South) Limited reported an average of 239 employees in the year to 29 Feb 2024.

Is Cardo (South) Limited profitable?

Yes — Cardo (South) Limited reported a profit of £818k in the year to 29 Feb 2024.

Company No. 05756266 · Incorporated 24 Mar 2006

Cardo (South) Limited

Registered name: CARDO (SOUTH) LIMITED

Part of Bp Inv6 Topco Limited group

Cardo (South) Limited made £52.6m revenue and £818k profit in the year to 29 Feb 2024.

Cardo (South) Limited’s revenue was £52.6m in the year to 29 Feb 2024, with £818k profit and 239 employees. The company is classified under “management of real estate on a fee or contract basis” and is based in Cardiff; we hold 2 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68320Management of real estate on a fee or contract basis

Status: Active
Location: Cardiff, Wales
Age: 20 yrs · since 2006
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: “On the 1 September 2023, following the sale of shares in Cardo (South) Limited (formerly Osborne Property Services Limited) by Geoffrey Osborne Limited, Cardo Group Limited became the immediate parent”

Latest accounts · year to 29 Feb 2024

Key figures

Capital-light

Revenue

£52.6m

Growth —

Profit

£818k

Growth —

Profit margin

1.6%

Gross 8.9%

Employees

239

Change —

Profit / employee

£3.4k

Revenue/employee £220k

Profitable streak

1yr

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 Mar 2023	29 Feb 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£62.8m	£52.6m
Cost of sales	£59.6m	£47.9m
Gross profit	£3.2m	£4.7m
Operating profit	−£319k	£1m
Profit before tax	−£319k	£1m
Profit after tax	−£482k	£818k
Profit (best available)	−£482k	£818k
Employees (average)	217	239
Ratios
Profit margin	−0.8%	1.6%
Gross margin	5.2%	8.9%
Revenue per employee	£289k	£220k
Profit per employee	−£2.2k	£3.4k
Balance sheet — indirect signals, not revenue
Cash at bank	£19.5k	£5m
Net assets	£3m	£3.8m
Fixed assets	£174k	£115k
Current assets	£12.1m	£17.5m
Debtors	£2.5m	£3.4m
Deferred income	£4.7m	£5.9m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 1.6%; Profit ÷ revenue.
Gross margin: 8.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £220k; Revenue ÷ average employees.
Profit per employee: £3.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 11.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.5%; 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: —; Now £3.8m
Cash at bank: —; Now £5m
Headcount: —; Now 239
Deferred income: —; Now £5.9m
Fixed assets: —; Now £115k

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

Bp Inv6 Topco Limited (registered outside the UK register)ultimate parent75–100%
BP INV6 Bidco Limited75–100%
Cardo Group Limited75–100%
Cardo (South) Limitedthis company

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

Sister companies (12)

Trident Maintenance Services LtdRev. £37.9m · Profit £3m
Cardo (Wales & West) LimitedRev. £35.6m · Profit £1.1m
Correct Contract Services LimitedRev. £29m · Profit £1.2m
Ag Newco LimitedFigures not disclosed
Aspect Group Holdings LimitedRev. — · Profit £563k
Cardo (Scotland) Holdings LimitedFigures not disclosed
CTS Projects LimitedFigures not disclosed
Efs Systems (UK) LtdFigures not disclosed
Faskin Group LtdFigures not disclosed
Jefferies Holdings LimitedFigures not disclosed
Rluk Fire LtdFigures not disclosed
Tim O'Brien (Newport) 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 29 Feb 2024 (profit £818k), from the Companies House accounts bulk data published Jul 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.