Horatio Investments Limited
Registered name: HORATIO INVESTMENTS LIMITED
Horatio Investments Limited made £27.1m revenue and a £1.9m loss in the year to 28 Feb 2023.
Horatio Investments Limited’s revenue fell 22% to £27.1m in the year to 28 Feb 2023, with a loss of £1.9m and 197 employees. The company is classified under “activities of venture and development capital companies” and is based in Bristol; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Bristol, South West
- Age
- 16 yrs · since 2009
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £34.6m | £27.1m |
| Cost of sales | £32.4m | £25.7m |
| Gross profit | £2.2m | £1.4m |
| Operating profit | −£25.3m | −£24.2m |
| Profit before tax | −£26.7m | −£23.7m |
| Profit after tax | −£3m | −£1.9m |
| Profit (best available) | −£3m | −£1.9m |
| Staff costs | £12.7m | £9.6m |
| Employees (average) | 305 | 197 |
| Ratios | ||
| Profit margin | −8.6% | −7% |
| Gross margin | 6.5% | 5.1% |
| Revenue per employee | £114k | £138k |
| Profit per employee | −£9.7k | −£9.6k |
| Growth (year on year) | ||
| Revenue growth | — | ▼21.7% |
| Headcount growth | — | ▼35.4% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £5.5m | £625k |
| Net assets | £111k | −£1.8m |
| Fixed assets | £10.7m | £67.6m |
| Current assets | £63.2m | £3.5m |
| Debtors | £8.1k | £7.1k |
| Cash from operations | −£63.5m | −£11.6m |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 |
How the business works
- Profit margin
- −7%
- Profit ÷ revenue.
- Gross margin
- 5.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £138k
- Revenue ÷ average employees.
- Profit per employee
- −£9.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 249.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▼1693%
- Now −£1.8m
- Cash at bank
- ▼89%
- Now £625k
- Headcount
- ▼35%
- Now 197
- Deferred income
- —
- Now —
- Fixed assets
- ▲530%
- Now £67.6m
Group structure
Subsidiaries (1)
- PST Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 28 Feb 2023 (profit −£1.9m), from the Companies House accounts bulk data published Nov 2023. 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.