Pandox Highlander Glasgow Opco Limited
Registered name: PANDOX HIGHLANDER GLASGOW OPCO LIMITED
Part of Pandox Akitebolag (Publ) groupPandox Highlander Glasgow Opco Limited made £13.6m revenue and a £3m loss in the year to 31 Dec 2024. read from filing text
Pandox Highlander Glasgow Opco Limited’s revenue grew 37% to £13.6m in the year to 31 Dec 2024, with a loss of £3m and 114 employees. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- 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: “The immediate parent undertaking is Pandox Highlander Glasgow Propco Limited, a company registered in the UK.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £11.1m | £9.9m | £13.6m |
| Cost of sales | £4.2m | £4.6m | £4.5m |
| Gross profit | £6.9m | £5.3m | £9m |
| Operating profit | — | — | −£2.9m |
| Profit before tax | £35.1k | −£1.6m | −£3.1m |
| Profit after tax | £296k | −£2.4m | −£3m |
| Profit (best available) | £296k | −£2.4m | −£3m |
| Staff costs | — | £3.5m | — |
| Employees (average) | 113 | 109 | 114 |
| Ratios | |||
| Profit margin | 2.7% | −24.2% | −22.4% |
| Gross margin | 61.8% | 53.6% | 66.6% |
| Revenue per employee | £98.2k | £90.7k | £119k |
| Profit per employee | £2.6k | −£22k | −£26.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▼10.9% | ▲37.3% |
| Profit growth | — | ▼909.2% | — |
| Headcount growth | — | ▼3.5% | ▲4.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.3m | £1.4m | £1.5m |
| Net assets | −£2.8m | −£5.2m | −£8.3m |
| Fixed assets | £1.8m | £1.4m | £1.2m |
| Current assets | £3.8m | £3.4m | — |
| Debtors | £1.2m | £1.5m | £1.1m |
| Deferred income | £573k | £2m | £923k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −22.4%
- Profit ÷ revenue.
- Gross margin
- 66.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £119k
- Revenue ÷ average employees.
- Profit per employee
- −£26.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 8.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 6.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.3%
- 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
- —
- Now −£8.3m
- Cash at bank
- ▲3%
- Now £1.5m
- Headcount
- ▲5%
- Now 114
- Deferred income
- ▼53%
- Now £923k
- Fixed assets
- ▼14%
- Now £1.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Pandox Akitebolag (Publ) (registered outside the UK register)ultimate parent75–100%
- Pandox Highlander Glasgow Propco Limited75–100%
- Pandox Highlander Glasgow Opco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£3m), from the Companies House accounts bulk data published Sep 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.