123 Investments Limited
Registered name: 123 INVESTMENTS LIMITED
Part of Globaltech Corporation Inc. group123 Investments Limited made £28.9m revenue and £154k profit in the year to 28 Jan 2025.
123 Investments Limited’s revenue grew 8% to £28.9m in the year to 28 Jan 2025, with £154k profit and 335 employees. The company is classified under “activities of head offices” and is based in Cardiff; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 18 yrs · since 2008
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 | 29 Jan 2022 | 29 Jan 2023 | 28 Jan 2024 | 28 Jan 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £20.2m | £25.3m | £26.7m | £28.9m |
| Cost of sales | £11.6m | £13.5m | £12.7m | −£13.6m |
| Gross profit | £8.5m | £11.8m | £14m | £15.3m |
| Operating profit | £1.8m | £1.7m | £1.2m | £830k |
| Profit before tax | £1.8m | £1.6m | £907k | £513k |
| Profit after tax | −£45.1k | −£70.1k | £627k | £154k |
| Profit (best available) | −£45.1k | −£70.1k | £627k | £154k |
| Staff costs | £4.2m | £5.5m | — | — |
| Employees (average) | 226 | 276 | 308 | 335 |
| Ratios | ||||
| Profit margin | −0.2% | −0.3% | 2.4% | 0.5% |
| Gross margin | 42.4% | 46.8% | 52.5% | 53% |
| Revenue per employee | £89.2k | £91.6k | £86.7k | £86.1k |
| Profit per employee | −£200 | −£254 | £2k | £461 |
| Cash conversion | −32.8% | 37.8% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲25.4% | ▲5.7% | ▲8.1% |
| Profit growth | — | — | — | ▼75.4% |
| Headcount growth | — | ▲22.1% | ▲11.6% | ▲8.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £7.2k | £2.4k | £1.2m | — |
| Net assets | −£3.2m | −£3.3m | −£3.3m | — |
| Fixed assets | £531k | £916k | — | — |
| Current assets | £9.1k | £4.3k | £1.7m | — |
| Debtors | £1m | £488k | £0 | — |
| Deferred income | £12.7k | £17.7k | £78.4k | — |
| Cash from operations | −£605k | £659k | — | — |
| Source | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Jan 2025 | Accounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 0.5%
- Profit ÷ revenue.
- Gross margin
- 53%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £86.1k
- Revenue ÷ average employees.
- Profit per employee
- £461
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲9%
- Now 335
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Globaltech Corporation Inc. (registered outside the UK register)ultimate parent50–75%
- 123 Investments Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (6)
- Bonded Trading LtdFigures not disclosed
- Brightlark LimitedFigures not disclosed
- Direct Footwear LtdFigures not disclosed
- Mip Online 1975 LtdFigures not disclosed
- Mip Stores 1975 LtdFigures not disclosed
- Moda Concessions LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 28 Jan 2025 (profit £154k), from the Companies House accounts bulk data published Nov 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.