The Penspen Group Limited
Registered name: THE PENSPEN GROUP LIMITED
Part of Dar Al-Handasah (UK) Limited groupThe Penspen Group Limited made £106m revenue and a £7.7m loss in the year to 31 Dec 2024.
The Penspen Group Limited’s revenue grew 18% to £106m in the year to 31 Dec 2024, with a loss of £7.7m and 1,071 employees. The company is classified under “activities of head offices” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 56 yrs · since 1970
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £66.9m | £90m | £106m |
| Cost of sales | −£54.7m | −£72.3m | −£86m |
| Gross profit | £12.2m | £17.8m | £20.2m |
| Operating profit | −£5m | −£5.9m | −£5.8m |
| Profit before tax | −£6.1m | −£7.6m | −£8m |
| Profit after tax | −£5.9m | −£8m | −£7.7m |
| Profit (best available) | −£5.9m | −£8m | −£7.7m |
| Employees (average) | 861 | 994 | 1,071 |
| Ratios | |||
| Profit margin | −8.8% | −8.9% | −7.2% |
| Gross margin | 18.2% | 19.8% | 19% |
| Revenue per employee | £77.7k | £90.6k | £99.2k |
| Profit per employee | −£6.9k | −£8.1k | −£7.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲34.6% | ▲18% |
| Headcount growth | — | ▲15.4% | ▲7.8% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2024 | Accounts · bulk data Jul 2024 | Accounts · bulk data Aug 2025 |
How the business works
- Profit margin
- −7.2%
- Profit ÷ revenue.
- Gross margin
- 19%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £99.2k
- Revenue ÷ average employees.
- Profit per employee
- −£7.1k
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲8%
- Now 1,071
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Dar Al-Handasah (UK) Limitedultimate parent75–100%
- The Penspen Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- C & I Engineering Solutions LimitedFigures not disclosed
- Penspen Theia LimitedFigures not disclosed
Sister companies (9)
- Dar Al-Handasah Consultants (Shair & Partners) (U.K.) LimitedRev. £15m · Profit £1.9m
- 150 Holborn Operations LimitedRev. £3.8m · Profit £45.5k
- Dar Plus LimitedRev. £1.8m · Profit £376k
- Urban Initiatives Studio Ltd.Rev. £305k · Profit £116k
- Dar Consultants (U.K.) LimitedRev. — · Profit −£8.7k
- Dar Group LtdFigures not disclosed
- Dar International LimitedFigures not disclosed
- Ipa Advisory LimitedRev. — · Profit −£30.8k
- Para Digital Solutions LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£7.7m), from the Companies House accounts bulk data published Aug 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 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.