How much does Sonder Europe Ltd make?

Sonder Europe Ltd reported revenue of £20.5m and a loss of £26.7m in the year to 30 Dec 2023, according to its accounts filed at Companies House.

How many employees does Sonder Europe Ltd have?

Sonder Europe Ltd reported an average of 110 employees in the year to 30 Dec 2023.

Is Sonder Europe Ltd profitable?

No — Sonder Europe Ltd reported a loss of £26.7m in the year to 30 Dec 2023.

Company No. 10796186 · Incorporated 31 May 2017

Sonder Europe Ltd

Registered name: SONDER EUROPE LTD

Part of Sonder International Holdings Ltd group

Sonder Europe Ltd made £20.5m revenue and a £26.7m loss in the year to 30 Dec 2023. read from filing text

Sonder Europe Ltd’s revenue grew 456% to £20.5m in the year to 30 Dec 2023, with a loss of £26.7m and 110 employees. The company is classified under “other holiday and other collective accommodation” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55209Other holiday and other collective accommodation SIC 63120Web portals

Status: In Administration
Location: London, London
Age: 9 yrs · since 2017
Type: Private Limited Company

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: “In the opinion of the directors, the Company’s ultimate parent company and ultimate controlling party is Sonder Holdings Inc, a company incorporated in Delaware, whose registered office is set out in ”

Latest accounts · year to 30 Dec 2023

Key figures

Doing more with less

Revenue

£20.5m

Growth ▲455.8%

Profit

−£26.7m

Growth —

Profit margin

−130.2%

Employees

110

Change ▼1.8%

Profit / employee

−£243k

Revenue/employee £187k

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 2021	30 Dec 2022	30 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£3.1m	£3.7m	£20.5m
Operating profit	−£10.7m	−£26.9m	−£26m
Profit before tax	−£12.6m	−£32.6m	−£26.7m
Profit (best available)	−£12.6m	−£32.6m	−£26.7m
Staff costs	£4.9m	£7.3m	£6.6m
Employees (average)	90	112	110
Ratios
Profit margin	−409.1%	−883.5%	−130.2%
Revenue per employee	£34.2k	£33k	£187k
Profit per employee	−£140k	−£292k	−£243k
Growth (year on year)
Revenue growth	—	▲20.2%	▲455.8%
Headcount growth	—	▲24.4%	▼1.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£150k	£939k	£420k
Net assets	−£42.8m	−£74.8m	−£46.8m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: −130.2%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £187k; Revenue ÷ average employees.
Profit per employee: −£243k; 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.

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: —; Now −£46.8m
Cash at bank: ▼55%; Now £420k
Headcount: ▼2%; Now 110
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Sonder International Holdings Ltdultimate parent75–100%
Sonder Europe Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Sonder Hospitality UK LtdIn AdministrationRev. £27.9m · Profit £444k

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 30 Dec 2023 (profit −£26.7m), from the Companies House accounts bulk data published Dec 2024. 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.