Cardo Group Limited
Registered name: CARDO GROUP LIMITED
Part of Bp Inv6 Topco Limited groupCardo Group Limited made £239m revenue and £6.8m profit in the year to 28 Feb 2026.
Cardo Group Limited’s revenue grew 65% to £239m in the year to 28 Feb 2026, with £6.8m profit. The company is classified under “activities of construction holding companies” and is based in Cardiff; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 11 yrs · since 2015
- 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.
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 | 28 Feb 2024 | 28 Feb 2025 | 28 Feb 2026 |
|---|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | — | — | £83.6m | £145m | £239m |
| Cost of sales | — | — | £68.4m | −£113m | −£183m |
| Gross profit | — | — | £15.2m | £31.8m | £55.9m |
| Operating profit | — | — | £1.7m | £6.3m | £13.8m |
| Profit before tax | — | — | £1.2m | £5m | £9.5m |
| Profit after tax | £1.6m | £1.1m | £817k | £3m | £6.8m |
| Profit (best available) | £1.6m | £1.1m | £817k | £3m | £6.8m |
| Employees (average) | 236 | 292 | 652 | — | — |
| Ratios | |||||
| Profit margin | — | — | 1% | 2% | 2.8% |
| Gross margin | — | — | 18.1% | 21.9% | 23.4% |
| Revenue per employee | — | — | £128k | — | — |
| Profit per employee | £6.8k | £3.6k | £1.3k | — | — |
| Growth (year on year) | |||||
| Revenue growth | — | — | — | ▲73.7% | ▲64.6% |
| Profit growth | — | ▼34.1% | ▼23.2% | ▲261.6% | ▲130.2% |
| Headcount growth | — | ▲23.7% | ▲123.3% | — | — |
| Balance sheet — indirect signals, not revenue | |||||
| Net assets | £780 | −£3.3k | — | — | — |
| Fixed assets | £300 | £300 | — | — | — |
| Debtors | £0 | £0 | — | — | — |
| Source | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2023 | Accounts · bulk data Nov 2025 | Accounts · bulk data Sep 2026 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 2.8%
- Profit ÷ revenue.
- Gross margin
- 23.4%
- 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
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Bp Inv6 Topco Limited (registered outside the UK register)ultimate parent75–100%
- BP INV6 Bidco Limited75–100%
- Cardo Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (13)
- Cardo (South) LimitedRev. £52.6m · Profit £818k
- Trident Maintenance Services LtdRev. £37.9m · Profit £3m
- Cardo (Wales & West) LimitedRev. £35.6m · Profit £1.1m
- Correct Contract Services LimitedRev. £29m · Profit £1.2m
- Ag Newco LimitedFigures not disclosed
- Aspect Group Holdings LimitedRev. — · Profit £563k
- Cardo (Scotland) Holdings LimitedFigures not disclosed
- CTS Projects LimitedFigures not disclosed
- Efs Systems (UK) LtdFigures not disclosed
- Faskin Group LtdFigures not disclosed
- Jefferies Holdings LimitedFigures not disclosed
- Rluk Fire LtdFigures not disclosed
- Tim O'Brien (Newport) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 28 Feb 2026 (profit £6.8m), from the Companies House accounts bulk data published Sep 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.