How much does Oceanway Hospitality Services Limited make?

Oceanway Hospitality Services Limited reported revenue of £17.2m and £625k profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Oceanway Hospitality Services Limited have?

Oceanway Hospitality Services Limited reported an average of 445 employees in the year to 31 Mar 2024.

Is Oceanway Hospitality Services Limited profitable?

Yes — Oceanway Hospitality Services Limited reported a profit of £625k in the year to 31 Mar 2024.

Company No. 10043793 · Incorporated 4 Mar 2016

Oceanway Hospitality Services Limited

Registered name: OCEANWAY HOSPITALITY SERVICES LIMITED

Oceanway Hospitality Services Limited made £17.2m revenue and £625k profit in the year to 31 Mar 2024.

Oceanway Hospitality Services Limited’s revenue grew 40% to £17.2m in the year to 31 Mar 2024, with £625k profit and 445 employees. The company is classified under “specialised cleaning services” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 81222Specialised cleaning services

Status: Active
Location: London, London
Age: 10 yrs · since 2016
Type: Private Limited Company

Latest accounts · year to 31 Mar 2024

Key figures

IndependentBoring industryCash flow filed

Revenue

£17.2m

Growth ▲39.9%

Profit

£625k

Growth ▲25%

Profit margin

3.6%

Gross 13.4%

Employees

445

Change ▲1.8%

Profit / employee

£1.4k

Revenue/employee £38.7k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£12.3m	£17.2m
Cost of sales	—	£10.7m	£14.9m
Gross profit	—	£1.6m	£2.3m
Operating profit	—	£646k	£918k
Profit before tax	—	£618k	£839k
Profit after tax	—	£500k	£625k
Profit (best available)	—	£500k	£625k
Staff costs	—	£9.2m	£12.1m
Employees (average)	325	437	445
Ratios
Profit margin	—	4.1%	3.6%
Gross margin	—	13.3%	13.4%
Revenue per employee	—	£28.1k	£38.7k
Profit per employee	—	£1.1k	£1.4k
Cash conversion	—	41.2%	13.8%
Growth (year on year)
Revenue growth	—	—	▲39.9%
Profit growth	—	—	▲25%
Headcount growth	—	▲34.5%	▲1.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£384	£175	£650k
Net assets	£933k	£1.4m	£2.1m
Fixed assets	£1.8k	—	—
Current assets	£3.4m	£4.3m	£3.7m
Debtors	£2m	£2.4m	£2.6m
Deferred income	—	£86.2k	£99.7k
Cash from operations	—	£266k	£126k
Source	Accounts · bulk data May 2024	Accounts · bulk data May 2024	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 3.6%; Profit ÷ revenue.
Gross margin: 13.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £38.7k; Revenue ÷ average employees.
Profit per employee: £1.4k; Profit ÷ average employees.
Cash conversion: 13.8%; 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: 0.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.9%; 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: ▲44%; Now £2.1m
Cash at bank: ▲371531%; Now £650k
Headcount: ▲2%; Now 445
Deferred income: ▲16%; Now £99.7k
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £625k), from the Companies House accounts bulk data published Mar 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.