How much does Open House London Limited make?

Open House London Limited reported revenue of £12m and a loss of £3.5m in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Open House London Limited have?

Open House London Limited reported an average of 223 employees in the year to 31 Dec 2022.

Is Open House London Limited profitable?

No — Open House London Limited reported a loss of £3.5m in the year to 31 Dec 2022.

Company No. 08511795 · Incorporated 1 May 2013

Open House London Limited

Registered name: OPEN HOUSE LONDON LIMITED

Open House London Limited made £12m revenue and a £3.5m loss in the year to 31 Dec 2022.

Open House London Limited’s revenue grew 79% to £12m in the year to 31 Dec 2022, with a loss of £3.5m and 223 employees. The company is classified under “licensed restaurants” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56101Licensed restaurants SIC 56302Public houses and bars

Status: Active
Location: London, London
Age: 13 yrs · since 2013
Type: Private Limited Company

Latest accounts · year to 31 Dec 2022

Key figures

IndependentCash flow filed

Revenue

£12m

Growth ▲78.7%

Profit

−£3.5m

Growth —

Profit margin

−29.4%

Gross 16%

Employees

223

Change ▲36%

Profit / employee

−£15.8k

Revenue/employee £53.8k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.7m	£12m
Cost of sales	£4.9m	£10.1m
Gross profit	£1.8m	£1.9m
Operating profit	−£691k	−£3.3m
Profit before tax	−£814k	−£3.5m
Profit after tax	−£1.5m	−£3.5m
Profit (best available)	−£1.5m	−£3.5m
Staff costs	£3.4m	£5.9m
Employees (average)	164	223
Ratios
Profit margin	−22.7%	−29.4%
Gross margin	27.4%	16%
Revenue per employee	£40.9k	£53.8k
Profit per employee	−£9.3k	−£15.8k
Growth (year on year)
Revenue growth	—	▲78.7%
Headcount growth	—	▲36%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2k	£1.2k
Net assets	−£863k	−£4.4m
Fixed assets	£5.8m	£5.7m
Current assets	£3.2m	£3.3m
Debtors	£696k	£355k
Deferred income	£786k	£994k
Cash from operations	−£1.2m	£1.3m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: −29.4%; Profit ÷ revenue.
Gross margin: 16%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £53.8k; Revenue ÷ average employees.
Profit per employee: −£15.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 47.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3%; 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 −£4.4m
Cash at bank: ▲4%; Now £1.2k
Headcount: ▲36%; Now 223
Deferred income: ▲26%; Now £994k
Fixed assets: ▼2%; Now £5.7m

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

Minority corporate shareholders

Pershing Nominees Limited 25–50%
Puma VCT 13 PLC 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 accounts for the year to 31 Dec 2022 (profit −£3.5m), 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.