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Company No. 07966669 · Incorporated 27 Feb 2012

Cardo (Wales & West) Limited

Registered name: CARDO (WALES & WEST) LIMITED

Part of Bp Inv6 Topco Limited group

Cardo (Wales & West) Limited made £35.6m revenue and £1.1m profit in the year to 28 Feb 2023.

Cardo (Wales & West) Limited’s revenue grew 12% to £35.6m in the year to 28 Feb 2023, with £1.1m profit and 292 employees. The company is classified under “other building completion and finishing” and is based in Cardiff; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43390Other building completion and finishing
Status
Active
Location
Cardiff, Wales
Age
14 yrs · since 2012
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 28 Feb 2023

Key figures

Capital-light
Revenue
£35.6m
Growth ▲12.3%
Profit
£1.1m
Growth ▼34.6%
Profit margin
3%
Gross 22.4%
Employees
292
Change ▲23.7%
Profit / employee
£3.7k
Revenue/employee £122k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to28 Feb 202228 Feb 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£31.7m£35.6m
Cost of sales£25.1m£27.7m
Gross profit£6.6m£8m
Operating profit£2.1m£1.6m
Profit before tax£2m£1.5m
Profit after tax£1.6m£1.1m
Profit (best available)£1.6m£1.1m
Staff costs£7.2m£9.4m
Employees (average)236292
Ratios
Profit margin5.1%3%
Gross margin20.8%22.4%
Revenue per employee£134k£122k
Profit per employee£6.9k£3.7k
Growth (year on year)
Revenue growth—▲12.3%
Profit growth—▼34.6%
Headcount growth—▲23.7%
Balance sheet — indirect signals, not revenue
Cash at bank£3.1m£3.1m
Net assets£6.2m£7.2m
Fixed assets£2.2m£3m
Current assets£12.1m£14.7m
Debtors£2.4m£4.4m
SourceAccounts · bulk data Oct 2023Accounts · bulk data Oct 2023
Derived from the latest filing

How the business works

Profit margin
3%
Profit ÷ revenue.
Gross margin
22.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£122k
Revenue ÷ average employees.
Profit per employee
£3.7k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
8.5%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
12.4%
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
▲17%
Now £7.2m
Cash at bank
▲1%
Now £3.1m
Headcount
▲24%
Now 292
Deferred income
—
Now —
Fixed assets
▲37%
Now £3m
Corporate ownership

Group structure

Ownership chain

  1. Bp Inv6 Topco Limited (registered outside the UK register)ultimate parent75–100%
  2. BP INV6 Bidco Limited75–100%
  3. Cardo Group Limited75–100%
  4. Cardo (Wales & West) Limitedthis company

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

Sister companies (12)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 28 Feb 2023 (profit £1.1m), from the Companies House accounts bulk data published Oct 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.