How much does Cadence (2026) Number 2 Limited make?

Cadence (2026) Number 2 Limited reported revenue of £11.8m and a loss of £2.6m in the year to 29 Dec 2024, according to its accounts filed at Companies House.

How many employees does Cadence (2026) Number 2 Limited have?

Cadence (2026) Number 2 Limited reported an average of 43 employees in the year to 29 Dec 2024.

Is Cadence (2026) Number 2 Limited profitable?

No — Cadence (2026) Number 2 Limited reported a loss of £2.6m in the year to 29 Dec 2024.

Company No. 06767427 · Incorporated 8 Dec 2008

Cadence (2026) Number 2 Limited

Registered name: CADENCE (2026) NUMBER 2 LIMITED

Part of Meadow Park Estates Limited group

Cadence (2026) Number 2 Limited made £11.8m revenue and a £2.6m loss in the year to 29 Dec 2024.

Cadence (2026) Number 2 Limited’s revenue fell 1% to £11.8m in the year to 29 Dec 2024, with a loss of £2.6m and 43 employees. The company is classified under “manufacture of other wearing apparel and accessories” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 14190Manufacture of other wearing apparel and accessories n.e.c.

Status: In Administration
Location: London, London
Age: 17 yrs · since 2008
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: “Le Col Holdings Limited”

Latest accounts · year to 29 Dec 2024

Key figures

Capital-light

Revenue

£11.8m

Growth ▼0.7%

Profit

−£2.6m

Growth —

Profit margin

−22.1%

Gross 38.1%

Employees

Change ▼6.5%

Profit / employee

−£60.5k

Revenue/employee £274k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	1 Jan 2023	29 Dec 2023	31 Dec 2023	29 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£14.1m	£11.8m	£11.8m	£11.8m
Cost of sales	£9.1m	−£7.3m	£7.3m	−£7.3m
Gross profit	£5m	£4.5m	£4.5m	£4.5m
Operating profit	—	−£3.6m	—	−£3m
Profit before tax	−£6.3m	−£3.6m	−£3.6m	−£3m
Profit after tax	−£6.3m	−£3.4m	−£3.4m	−£2.6m
Profit (best available)	−£6.3m	−£3.4m	−£3.4m	−£2.6m
Staff costs	£2.8m	—	£2.6m	—
Employees (average)	52	46	46	43
Ratios
Profit margin	−44.5%	−28.6%	−28.6%	−22.1%
Gross margin	35.3%	38.4%	38.4%	38.1%
Revenue per employee	£272k	£257k	£257k	£274k
Profit per employee	−£121k	−£73.5k	−£73.5k	−£60.5k
Growth (year on year)
Revenue growth	—	▼16.1%	▼16.1%	▼0.7%
Headcount growth	—	▼11.5%	▼11.5%	▼6.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£268k	—	£720k	—
Net assets	−£11m	—	−£14.4m	—
Fixed assets	£590k	—	£520k	—
Current assets	£4m	—	£3.2m	—
Debtors	£135k	—	£73.4k	—
Deferred income	£513k	—	£466k	—
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2024	Accounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −22.1%; Profit ÷ revenue.
Gross margin: 38.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £274k; Revenue ÷ average employees.
Profit per employee: −£60.5k; 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.

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 —
Cash at bank: —; Now —
Headcount: ▼7%; Now 43
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Meadow Park Estates Limited (registered outside the UK register)ultimate parent75–100%
Cadence (2026) Number 1 Limited75–100%
Cadence (2026) Number 2 Limitedthis 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).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 29 Dec 2024 (profit −£2.6m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 20 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.