Sonder Hospitality UK Ltd
Registered name: SONDER HOSPITALITY UK LTD
Part of Sonder International Holdings Ltd groupSonder Hospitality UK Ltd made £27.9m revenue and £444k profit in the year to 31 Dec 2023. read from filing text
Sonder Hospitality UK Ltd’s revenue fell 2% to £27.9m in the year to 31 Dec 2023, with £444k profit and 111 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.
- Status
- In Administration
- Location
- London, London
- Age
- 6 yrs · since 2019
- 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 ”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 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) | £20m | £28.5m | £27.9m |
| Operating profit | £2.7m | £4.5m | £4.7m |
| Profit before tax | £10k | £147k | £444k |
| Profit (best available) | £10k | £147k | £444k |
| Staff costs | £2.1m | £3.1m | £3.1m |
| Employees (average) | 59 | 110 | 111 |
| Ratios | |||
| Profit margin | 0.1% | 0.5% | 1.6% |
| Revenue per employee | £339k | £259k | £251k |
| Profit per employee | £170 | £1.3k | £4k |
| Growth (year on year) | |||
| Revenue growth | — | ▲42.1% | ▼2% |
| Profit growth | — | ▲1370% | ▲201.9% |
| Headcount growth | — | ▲86.4% | ▲0.9% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2m | £2.9m | £1.7m |
| Net assets | £34.2k | £264k | £840k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 1.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £251k
- Revenue ÷ average employees.
- Profit per employee
- £4k
- 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.
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
- ▲218%
- Now £840k
- Cash at bank
- ▼42%
- Now £1.7m
- Headcount
- ▲1%
- Now 111
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Sonder International Holdings Ltdultimate parent75–100%
- Sonder Hospitality UK Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Sonder Europe LtdIn AdministrationRev. £20.5m · Profit −£26.7m
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 2023 (profit £444k), 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.