H2O Group Limited
Registered name: H2O GROUP LIMITED
H2O Group Limited made £32k revenue and a £9.6k loss in the year to 31 Oct 2025.
H2O Group Limited’s revenue fell 49% to £32k in the year to 31 Oct 2025, with a loss of £9.6k and 1 employee. The company is classified under “repair and maintenance of ships and boats” and is based in Plymouth; we hold 5 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Plymouth, South West
- Age
- 8 yrs · since 2017
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2021 | 31 Oct 2022 | 31 Oct 2023 | 31 Oct 2024 | 31 Oct 2025 |
|---|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | — | — | £70.7k | £62.4k | £32k |
| Profit after tax | — | — | −£1.9k | −£6.2k | −£9.6k |
| Profit (best available) | — | — | −£1.9k | −£6.2k | −£9.6k |
| Staff costs | — | — | £14.4k | £8.5k | £7.6k |
| Employees (average) | 2 | 2 | 1 | 1 | 1 |
| Ratios | |||||
| Profit margin | — | — | −2.7% | −10% | −30.1% |
| Revenue per employee | — | — | £70.7k | £62.4k | £32k |
| Profit per employee | — | — | −£1.9k | −£6.2k | −£9.6k |
| Growth (year on year) | |||||
| Revenue growth | — | — | — | ▼11.8% | ▼48.8% |
| Headcount growth | — | 0% | ▼50% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £627 | £570 | £1.7k | — | — |
| Net assets | £12.1k | £5.7k | £14.8k | £8.7k | −£3.2k |
| Fixed assets | £10.7k | £8.9k | £7.6k | £9.4k | £9.6k |
| Current assets | £1.4k | £21.8k | £46.2k | £12.6k | £15.4k |
| Debtors | £800 | £0 | £1.6k | — | — |
| Deferred income | £0 | £900 | £456 | — | — |
| Source | FilletedAccounts · bulk data Mar 2024 | FilletedAccounts · bulk data Mar 2024 | FilletedAccounts · bulk data Mar 2025 | FullAccounts · bulk data Jan 2026 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −30.1%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £32k
- Revenue ÷ average employees.
- Profit per employee
- −£9.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 30%
- 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
- ▼137%
- Now −£3.2k
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▲2%
- Now £9.6k
Sources
Latest figures from FullAccounts for the year to 31 Oct 2025 (profit −£9.6k), from the Companies House accounts bulk data published Jan 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.