How much does International Convention Centre Wales Limited make?

International Convention Centre Wales Limited reported revenue of £12.1m and a loss of £2.3m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does International Convention Centre Wales Limited have?

International Convention Centre Wales Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is International Convention Centre Wales Limited profitable?

No — International Convention Centre Wales Limited reported a loss of £2.3m in the year to 31 Dec 2025.

Company No. 08829779 · Incorporated 2 Jan 2014

International Convention Centre Wales Limited

Registered name: INTERNATIONAL CONVENTION CENTRE WALES LIMITED

International Convention Centre Wales Limited made £12.1m revenue and a £2.3m loss in the year to 31 Dec 2025. read from filing text

International Convention Centre Wales Limited’s revenue grew 15% to £12.1m in the year to 31 Dec 2025, with a loss of £2.3m and 0 employees. The company is classified under “letting and operating of conference and exhibition centres” and is based in Newport; we hold 3 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68202Letting and operating of conference and exhibition centres

Status: Active
Location: Newport, Wales
Age: 12 yrs · since 2014
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.

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: “The company is a joint venture with its shares held equally by The Celtic Manor Resort Limited, a company incorporated in England and Wales, and the Welsh Government. As such, the directors consider t”

Latest accounts · year to 31 Dec 2025

Key figures

Small teamDoing more with lessCash flow filed

Revenue

£12.1m

Growth ▲14.9%

Profit

−£2.3m

Growth —

Profit margin

−18.8%

Gross 47.3%

Employees

Change ▼100%

Profit / employee

—

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Profit only	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£10.6m	£12.1m
Cost of sales	—	£5.4m	£6.4m
Gross profit	—	£5.1m	£5.7m
Operating profit	—	−£1.7m	−£689k
Profit before tax	—	−£24.6m	−£2.8m
Profit after tax	−£4.2m	−£23.7m	−£2.3m
Profit (best available)	−£4.2m	−£23.7m	−£2.3m
Employees (average)	1,322,048	1,449,268	0
Ratios
Profit margin	—	−224%	−18.8%
Gross margin	—	48.5%	47.3%
Revenue per employee	—	£7	—
Profit per employee	−£3	−£16	—
Growth (year on year)
Revenue growth	—	—	▲14.9%
Headcount growth	—	▲9.6%	▼100%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.3m	£3.4m	£5m
Net assets	£43.4m	£25.1m	£42.8m
Fixed assets	£88m	£65.3m	£63.5m
Debtors	£40.4k	£121k	£35.1k
Deferred income	£165k	£165k	£165k
Cash from operations	—	−£1.5m	−£1.7m
Source	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: −18.8%; Profit ÷ revenue.
Gross margin: 47.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 522.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.3%; 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: ▲71%; Now £42.8m
Cash at bank: ▲48%; Now £5m
Headcount: ▼100%; Now 0
Deferred income: 0%; Now £165k
Fixed assets: ▼3%; Now £63.5m

Corporate ownership

Group structure

Minority corporate shareholders

The Celtic Manor Resort Limited 25–50%
Welsh Ministers (registered outside the UK register) 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 2025 (profit −£2.3m), from the Companies House accounts bulk data published Apr 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.