How much does Lethendy Elstree Limited make?

Lethendy Elstree Limited reported revenue of £6.2m and a loss of £1.8m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Lethendy Elstree Limited have?

Lethendy Elstree Limited reported an average of 2 employees in the year to 31 Dec 2024.

Is Lethendy Elstree Limited profitable?

No — Lethendy Elstree Limited reported a loss of £1.8m in the year to 31 Dec 2024.

Company No. SC596631 · Incorporated 9 May 2018

Lethendy Elstree Limited

Registered name: LETHENDY ELSTREE LIMITED

Part of European Real Estate Investment Hospitality Topco Limited group

Lethendy Elstree Limited made £6.2m revenue and a £1.8m loss in the year to 31 Dec 2024. read from filing text

Lethendy Elstree Limited’s revenue was £6.2m in the year to 31 Dec 2024, with a loss of £1.8m and 2 employees. The company is classified under “hotels and similar accommodation” and is based in Aberdeen; we hold 4 years of its filed accounts.

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

Status: Active
Location: Aberdeen, Scotland
Age: 8 yrs · since 2018
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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: “During the period and at the year end, the parent company is Lethendy Estates Limited. This is the largest group of undertakings for which group accounts are drawn up. The trustees of the MF Trust (a ”

Latest accounts · year to 31 Dec 2024

Key figures

Small team

Revenue

£6.2m

Growth ▲0.5%

Profit

−£1.8m

Growth —

Profit margin

−29.8%

Gross 90.8%

Employees

Change 0%

Profit / employee

−£923k

Revenue/employee £3.1m

Profitable streak

0yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£3.5m	£5.6m	£6.2m	£6.2m
Cost of sales	£224k	£466k	£662k	£569k
Gross profit	£3.3m	£5.1m	£5.5m	£5.6m
Operating profit	−£236k	−£1.2m	−£739k	−£204k
Profit before tax	−£666k	−£1.8m	−£1.7m	−£1.8m
Profit after tax	−£666k	−£1.8m	−£1.7m	−£1.8m
Profit (best available)	−£666k	−£1.8m	−£1.7m	−£1.8m
Staff costs	£1.1m	£1.9m	£2m	£2.2m
Employees (average)	66	2	2	2
Ratios
Profit margin	−18.9%	−32.3%	−27.2%	−29.8%
Gross margin	93.7%	91.7%	89.3%	90.8%
Revenue per employee	£53.4k	£2.8m	£3.1m	£3.1m
Profit per employee	−£10.1k	−£903k	−£839k	−£923k
Growth (year on year)
Revenue growth	—	▲58.7%	▲10.2%	▲0.5%
Headcount growth	—	▼97%	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£1.2m	£323k	£0
Net assets	−£4.1m	−£5.9m	−£7.6m	−£9.4m
Fixed assets	£17.5m	£16m	£14.5m	£13.1m
Current assets	£1.5m	£2.9m	£2m	£1.7m
Debtors	£418k	£756k	£224k	£211k
Deferred income	£350k	£457k	£0	£31k
Source	Accounts · bulk data Dec 2024	Accounts · bulk data Dec 2024	Accounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −29.8%; Profit ÷ revenue.
Gross margin: 90.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £3.1m; Revenue ÷ average employees.
Profit per employee: −£923k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 211.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.4%; 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 −£9.4m
Cash at bank: ▼100%; Now £0
Headcount: 0%; Now 2
Deferred income: —; Now £31k
Fixed assets: ▼10%; Now £13.1m

Corporate ownership

Group structure

Ownership chain

European Real Estate Investment Hospitality Topco Limitedultimate parent75–100%
European Real Estate Investment Hospitality Mezzco Limited75–100%
European Real Estate Investment Hospitality Holdco Limited75–100%
European Real Estate Investment Hospitality Senior Limited75–100%
Lethendy Elstree Limitedthis company

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

Subsidiaries (2)

Michels & Taylor Op-Co E LimitedRev. £6.2m · Profit £0
Elstree Hotel Opco LimitedFigures not disclosed

Sister companies (6)

Lethendy Bolton LimitedRev. £3.9m · Profit −£1.8m
Bolton Hotel Propco LimitedFigures not disclosed
Elstree Hotel Propco LimitedFigures not disclosed
Lethendy Stoke-on-Trent LimitedRev. — · Profit −£428k
Silverstone Hotel Propco LimitedFigures not disclosed
Stoke-on-Trent Hotel Propco 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 FullAccounts for the year to 31 Dec 2024 (profit −£1.8m), from the Companies House accounts bulk data published Sep 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.