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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 to31 Mar 202231 Mar 202331 Mar 202431 Mar 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing textFull 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)83102109112
Ratios
Profit margin2%−3.5%5.1%2.7%
Gross margin31.7%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
SourceAccounts · bulk data Dec 2023Accounts · bulk data Dec 2023FullAccounts · bulk data Nov 2024FullAccounts · 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)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

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.