How much does Passenger Clothing Ltd make?

Passenger Clothing Ltd reported revenue of £58.8m and £582k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Passenger Clothing Ltd have?

Passenger Clothing Ltd reported an average of 86 employees in the year to 31 Dec 2024.

Is Passenger Clothing Ltd profitable?

Yes — Passenger Clothing Ltd reported a profit of £582k in the year to 31 Dec 2024.

Company No. 08236973 · Incorporated 2 Oct 2012

Passenger Clothing Ltd

Registered name: PASSENGER CLOTHING LTD

Passenger Clothing Ltd made £58.8m revenue and £582k profit in the year to 31 Dec 2024.

Passenger Clothing Ltd’s revenue grew 81% to £58.8m in the year to 31 Dec 2024, with £582k profit and 86 employees. The company is classified under “retail sale of clothing in specialised stores” and is based in New Milton; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47710Retail sale of clothing in specialised stores SIC 74100specialised design activities

Status: Active
Location: New Milton, South West
Age: 14 yrs · since 2012
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightCash flow filed

Revenue

£58.8m

Growth ▲80.8%

Profit

£582k

Growth ▼80.8%

Profit margin

Gross 62.8%

Employees

Change ▲95.5%

Profit / employee

£6.8k

Revenue/employee £684k

Profitable streak

4yrs

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	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£7.7m	£18.2m	£32.5m	£58.8m
Cost of sales	£2.6m	£6.9m	£13.4m	£21.9m
Gross profit	£5.1m	£11.3m	£19.1m	£36.9m
Operating profit	£1m	£2.7m	£2m	£1.3m
Profit before tax	£964k	£2.5m	£1.7m	£816k
Profit after tax	£898k	£2m	£3m	£582k
Profit (best available)	£898k	£2m	£3m	£582k
Staff costs	—	£1.1m	£2m	£4.4m
Employees (average)	21	41	44	86
Ratios
Profit margin	11.7%	11%	9.3%	1%
Gross margin	66.3%	62.1%	58.7%	62.8%
Revenue per employee	£366k	£445k	£739k	£684k
Profit per employee	£42.8k	£49k	£68.7k	£6.8k
Cash conversion	—	59%	−251.3%	281.6%
Growth (year on year)
Revenue growth	—	▲137%	▲78.4%	▲80.8%
Profit growth	—	▲123.5%	▲50.5%	▼80.8%
Headcount growth	—	▲95.2%	▲7.3%	▲95.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£457k	£1.4m	£6.5m	£10.1m
Net assets	£1.1m	£3.1m	£6.2m	£6.8m
Fixed assets	£249k	£530k	£862k	£1.5m
Current assets	£5.7m	£11m	£18.9m	£32.4m
Debtors	£34.5k	£805k	£250k	£313k
Deferred income	—	£537k	£2.1m	£1.4m
Cash from operations	—	£1.6m	−£5m	£3.7m
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 1%; Profit ÷ revenue.
Gross margin: 62.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £684k; Revenue ÷ average employees.
Profit per employee: £6.8k; Profit ÷ average employees.
Cash conversion: 281.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.5%; 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: ▲9%; Now £6.8m
Cash at bank: ▲55%; Now £10.1m
Headcount: ▲95%; Now 86
Deferred income: ▼34%; Now £1.4m
Fixed assets: ▲79%; Now £1.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Subsidiaries (1)

Passenger Nominees LimitedFigures not disclosed

Minority corporate shareholders

Growth Partner II LLP 25–50%

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £582k), from the Companies House accounts bulk data published Mar 2026. 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.