How much does Pandox Belfast Limited make?

Pandox Belfast Limited reported revenue of £12.1m and £2.6m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Pandox Belfast Limited have?

Pandox Belfast Limited reported an average of 143 employees in the year to 31 Dec 2024.

Is Pandox Belfast Limited profitable?

Yes — Pandox Belfast Limited reported a profit of £2.6m in the year to 31 Dec 2024.

Company No. NI027951 · Incorporated 19 Nov 1993

Pandox Belfast Limited

Registered name: PANDOX BELFAST LIMITED

Part of Pandox Ab group

Pandox Belfast Limited made £12.1m revenue and £2.6m profit in the year to 31 Dec 2024. read from filing text

Pandox Belfast Limited’s revenue grew 5% to £12.1m in the year to 31 Dec 2024, with £2.6m profit and 143 employees. The company is classified under “hotels and similar accommodation” and is based in Belfast; we hold 3 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation

Status: Active
Location: Belfast, Northern Ireland
Age: 32 yrs · since 1993
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 company is Pandox UK Holdco Limited, a company incorporated in the United Kingdom at 1 Bartholomew Lane, London, EC2N 2AX.”

Latest accounts · year to 31 Dec 2024

Key figures

Operating leverage

Revenue

£12.1m

Growth ▲5.4%

Profit

£2.6m

Growth ▲218.1%

Profit margin

21.8%

Gross 49.4%

Employees

143

Change 0%

Profit / employee

£18.5k

Revenue/employee £84.9k

Profitable streak

3yrs

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 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)	£10.1m	£11.5m	£12.1m
Cost of sales	£5.5m	£6.4m	£6.1m
Gross profit	£4.5m	£5.1m	£6m
Operating profit	£2.7m	£2.5m	£2.6m
Profit before tax	£2.1m	£1.3m	£1.9m
Profit after tax	£1.6m	£832k	£2.6m
Profit (best available)	£1.6m	£832k	£2.6m
Staff costs	£2.1m	£3.6m	—
Employees (average)	130	143	143
Ratios
Profit margin	15.5%	7.2%	21.8%
Gross margin	44.9%	44.4%	49.4%
Revenue per employee	£77.4k	£80.5k	£84.9k
Profit per employee	£12k	£5.8k	£18.5k
Growth (year on year)
Revenue growth	—	▲14.5%	▲5.4%
Profit growth	—	▼46.6%	▲218.1%
Headcount growth	—	▲10%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.5m	£1.3m	£633k
Net assets	£23.8m	£10.3m	£12.9m
Fixed assets	£28.3m	£27.3m	£26.8m
Current assets	£16.9m	£1.7m	£1.3m
Debtors	£298k	£244k	£160k
Deferred income	£3m	£3m	£2.9m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 21.8%; Profit ÷ revenue.
Gross margin: 49.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £84.9k; Revenue ÷ average employees.
Profit per employee: £18.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 220.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 23.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.3%; 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: ▲26%; Now £12.9m
Cash at bank: ▼51%; Now £633k
Headcount: 0%; Now 143
Deferred income: ▼2%; Now £2.9m
Fixed assets: ▼2%; Now £26.8m

Corporate ownership

Group structure

Ownership chain

Pandox Ab (registered outside the UK register)ultimate parent75–100%
Pandox UK Holdco Limited75–100%
Pandox Belfast Limitedthis company

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

Sister companies (2)

Pandox Leeds City Centre LimitedRev. £13m · Profit −£1.1m
Pandox Bath LimitedRev. £8m · Profit −£412k

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2.6m), from the Companies House accounts bulk data published Oct 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.