How much does Angel 1 Limited make?

Angel 1 Limited reported revenue of £6.3m and £2m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

Is Angel 1 Limited profitable?

Yes — Angel 1 Limited reported a profit of £2m in the year to 31 Dec 2023.

Company No. SC123682 · Incorporated 12 Mar 1990

Angel 1 Limited

Registered name: ANGEL 1 LIMITED

Part of Hpref II Conrad UK Investments Limited group

Angel 1 Limited made £6.3m revenue and £2m profit in the year to 31 Dec 2023.

Angel 1 Limited’s revenue was £6.3m in the year to 31 Dec 2023, with £2m profit. The company is classified under “hotels and similar accommodation” and is based in Glasgow.

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

Status: Active
Location: Glasgow, Scotland
Age: 36 yrs · since 1990
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.

Latest accounts · year to 31 Dec 2023

Key figures

Revenue

£6.3m

Growth —

Profit

£2m

Growth —

Profit margin

31.9%

Employees

—

Change —

Profit / employee

—

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023
Disclosure	Full P&L
Profit & loss
Revenue (turnover)	£6.3m
Operating profit	£6.2m
Profit before tax	£2.6m
Profit after tax	£2m
Profit (best available)	£2m
Employees (average)	—
Ratios
Profit margin	31.9%
Balance sheet — indirect signals, not revenue
Net assets	—
Source	Accounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: 31.9%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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 —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Hpref II Conrad UK Investments Limitedultimate parent75–100%
Hpref II Conrad Holdings 1 Limited75–100%
Angel Hospitality Limited75–100%
Angel 1 Limitedthis company

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

Sister companies (1)

DT Angel Opco LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £2m), from the Companies House accounts bulk data published Aug 2025. Spotted an error? Request a correction.

Updated from Companies House on 12 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.