Phoenix Eye Ltd
Registered name: PHOENIX EYE LTD
Part of Danieli Group Limited groupPhoenix Eye Ltd made £10m revenue and £1.2m profit in the year to 30 Apr 2023. read from filing text
Phoenix Eye Ltd’s revenue fell 34% to £10m in the year to 30 Apr 2023, with £1.2m profit and 422 employees. The company is classified under “security systems service activities” and is based in Newcastle Upon Tyne; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Newcastle Upon Tyne, North East
- Age
- 19 yrs · since 2007
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £15.3m | £10m |
| Cost of sales | £11.2m | £6.3m |
| Gross profit | £4.1m | £3.7m |
| Operating profit | £993k | £2m |
| Profit before tax | £948k | £1.2m |
| Profit after tax | £742k | £1.2m |
| Profit (best available) | £742k | £1.2m |
| Staff costs | £12.5m | £7.7m |
| Employees (average) | 791 | 422 |
| Ratios | ||
| Profit margin | 4.9% | 12.2% |
| Gross margin | 26.7% | 37.3% |
| Revenue per employee | £19.3k | £23.7k |
| Profit per employee | £939 | £2.9k |
| Growth (year on year) | ||
| Revenue growth | — | ▼34.5% |
| Profit growth | — | ▲64.3% |
| Headcount growth | — | ▼46.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £0 | £125 |
| Net assets | £729k | £1.6m |
| Fixed assets | £985k | £882k |
| Current assets | £6.9m | £8.4m |
| Debtors | £1.7m | £1.3m |
| Deferred income | £340k | £109k |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 |
How the business works
- Profit margin
- 12.2%
- Profit ÷ revenue.
- Gross margin
- 37.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £23.7k
- Revenue ÷ average employees.
- Profit per employee
- £2.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 8.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.6%
- Money owed by customers. Low = customers pay quickly.
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
- ▲126%
- Now £1.6m
- Cash at bank
- —
- Now £125
- Headcount
- ▼47%
- Now 422
- Deferred income
- ▼68%
- Now £109k
- Fixed assets
- ▼11%
- Now £882k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Danieli Group Limitedultimate parent75–100%
- Phoenix FM Services Limited75–100%
- Phoenix Eye Ltdthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Vis Security Solutions LtdBelfast · Security systems service activities
- Revenue
- £9.6m
- Profit
- £457k
- Staff
- 45
- FMS Fire and Security Ltd.Loanhead · Security systems service activities
- Revenue
- £11m
- Profit
- £1.7m
- Staff
- 71
- Southern Monitoring Services LimitedMilton Keynes · Security systems service activities
- Revenue
- £11.3m
- Profit
- £929k
- Staff
- 117
- Alertsystems Group LimitedTrowbridge · Security systems service activities
- Revenue
- £12.1m
- Profit
- £712k
- Staff
- 151
- Clipfine Security LimitedLondon · Security systems service activities
- Revenue
- £13.6m
- Profit
- £149k
- Staff
- 67
- Security and Fire Experts LimitedBury · Security systems service activities
- Revenue
- £14.2m
- Profit
- £635k
- Staff
- 79
Sources
Latest figures from FullAccounts for the year to 30 Apr 2023 (profit £1.2m), from the Companies House accounts bulk data published Feb 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.