How much does Codeo Northern Europe Ltd make?

Codeo Northern Europe Ltd reported revenue of £3.1m and a loss of £319k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Codeo Northern Europe Ltd have?

Codeo Northern Europe Ltd reported an average of 9 employees in the year to 31 Dec 2024.

Is Codeo Northern Europe Ltd profitable?

No — Codeo Northern Europe Ltd reported a loss of £319k in the year to 31 Dec 2024.

Company No. 06013475 · Incorporated 29 Nov 2006

Codeo Northern Europe Ltd

Registered name: CODEO NORTHERN EUROPE LTD

Part of Codeo group

Codeo Northern Europe Ltd made £3.1m revenue and a £319k loss in the year to 31 Dec 2024.

Codeo Northern Europe Ltd’s revenue grew 25% to £3.1m in the year to 31 Dec 2024, with a loss of £319k and 9 employees. The company is classified under “wholesale of electronic and telecommunications equipment and parts” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46520Wholesale of electronic and telecommunications equipment and parts SIC 46690Wholesale of other machinery and equipment SIC 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.SIC 95110Repair of computers and peripheral equipment

Status: Active
Location: London, London
Age: 19 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.

Latest accounts · year to 31 Dec 2024

Key figures

Small teamCapital-light

Revenue

£3.1m

Growth ▲24.8%

Profit

−£319k

Growth ▼920.5%

Profit margin

−10.3%

Gross 19.4%

Employees

Change ▲12.5%

Profit / employee

−£35.5k

Revenue/employee £345k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£2.5m	£3.1m
Cost of sales	—	£1.6m	£2.5m
Gross profit	—	£921k	£601k
Operating profit	—	£65.9k	−£284k
Profit before tax	—	£52k	−£319k
Profit after tax	—	£38.9k	−£319k
Profit (best available)	—	£38.9k	−£319k
Employees (average)	5	8	9
Ratios
Profit margin	—	1.6%	−10.3%
Gross margin	—	37%	19.4%
Revenue per employee	—	£311k	£345k
Profit per employee	—	£4.9k	−£35.5k
Growth (year on year)
Revenue growth	—	—	▲24.8%
Profit growth	—	—	▼920.5%
Headcount growth	—	▲60%	▲12.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£278k	£104k	£17k
Net assets	£55.1k	£94k	−£226k
Fixed assets	£4.8k	£187k	£206k
Current assets	£1.1m	£1.4m	£2m
Debtors	£647k	£625k	£718k
Source	FullAccounts · bulk data May 2025	FullAccounts · bulk data May 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −10.3%; Profit ÷ revenue.
Gross margin: 19.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £345k; Revenue ÷ average employees.
Profit per employee: −£35.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 23.1%; 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: ▼340%; Now −£226k
Cash at bank: ▼84%; Now £17k
Headcount: ▲13%; Now 9
Deferred income: —; Now —
Fixed assets: ▲10%; Now £206k

Corporate ownership

Group structure

Ownership chain

Codeo (registered outside the UK register)ultimate parent75–100%
Codeo Northern Europe Ltdthis company

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

Subsidiaries (1)

Clarion Communication Systems LimitedFigures not disclosed

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£319k), from the Companies House accounts bulk data published Dec 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.