How much does 104 Limited make?

104 Limited reported revenue of £4.6m and £121k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does 104 Limited have?

104 Limited reported an average of 112 employees in the year to 31 Mar 2025.

Is 104 Limited profitable?

Yes — 104 Limited reported a profit of £121k in the year to 31 Mar 2025.

Company No. 09964449 · Incorporated 22 Jan 2016

104 Limited

Registered name: 104 LIMITED

104 Limited made £4.6m revenue and £121k profit in the year to 31 Mar 2025. read from filing text

104 Limited’s revenue grew 10% to £4.6m in the year to 31 Mar 2025, with £121k profit and 112 employees. The company is classified under “hotels and similar accommodation” and is based in Southsea; we hold 4 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation

Status: Active
Location: Southsea, South East
Age: 10 yrs · since 2016
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

Independent

Revenue

£4.6m

Growth ▲10.1%

Profit

£121k

Growth ▼42.6%

Profit margin

2.7%

Gross 32.5%

Employees

112

Change ▲2.8%

Profit / employee

£1.1k

Revenue/employee £40.7k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£3.3m	£3.5m	£4.1m	£4.6m
Cost of sales	£2.3m	£2.6m	£2.8m	£3.1m
Gross profit	£1.1m	£928k	£1.3m	£1.5m
Operating profit	£145k	−£98.8k	—	—
Profit before tax	£64.8k	−£241k	£138k	£179k
Profit after tax	£67.4k	−£124k	£212k	£121k
Profit (best available)	£67.4k	−£124k	£212k	£121k
Employees (average)	83	102	109	112
Ratios
Profit margin	2%	−3.5%	5.1%	2.7%
Gross margin	31.7%	26.2%	32.2%	32.5%
Revenue per employee	£40k	£34.7k	£38k	£40.7k
Profit per employee	£812	−£1.2k	£1.9k	£1.1k
Growth (year on year)
Revenue growth	—	▲6.6%	▲17.1%	▲10.1%
Profit growth	—	▼284.2%	—	▼42.6%
Headcount growth	—	▲22.9%	▲6.9%	▲2.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£854	£1.3k	£7.1k	£4.7k
Net assets	£2.9m	£2.9m	£3m	£3m
Fixed assets	£4.8m	£4.8m	£4.8m	£4.8m
Current assets	£8.7m	£9.3m	£9.4m	£9.4m
Debtors	£0	£0	£0	£0
Deferred income	£997k	£1.1m	£1.2m	£1.3m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 2.7%; Profit ÷ revenue.
Gross margin: 32.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £40.7k; Revenue ÷ average employees.
Profit per employee: £1.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 104.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 28.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▼1%; Now £3m
Cash at bank: ▼33%; Now £4.7k
Headcount: ▲3%; Now 112
Deferred income: ▲9%; Now £1.3m
Fixed assets: 0%; Now £4.8m

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 (2)

Brassfile LtdFigures not disclosed
Orl LimitedFigures not disclosed

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £121k), from the Companies House accounts bulk data published Oct 2025. 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.