London & Devonshire Trust Limited
Registered name: LONDON & DEVONSHIRE TRUST LIMITED
London & Devonshire Trust Limited made £52.4m revenue and a £77.5k loss in the year to 30 Sep 2024.
London & Devonshire Trust Limited’s revenue grew 28% to £52.4m in the year to 30 Sep 2024, with a loss of £77.5k and 84 employees. The company is classified under “buying and selling of own real estate” and is based in Tiverton; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Tiverton
- Age
- 42 yrs · since 1984
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £28.8m | £40.9m | £52.4m |
| Cost of sales | −£26.3m | −£36.2m | −£48m |
| Gross profit | £2.4m | £4.7m | £4.4m |
| Operating profit | £3.2k | £935k | £401k |
| Profit before tax | £450k | £1.3m | −£121k |
| Profit after tax | £401k | £1.3m | −£77.5k |
| Profit (best available) | £401k | £1.3m | −£77.5k |
| Employees (average) | 57 | 69 | 84 |
| Ratios | |||
| Profit margin | 1.4% | 3.2% | −0.1% |
| Gross margin | 8.5% | 11.5% | 8.4% |
| Revenue per employee | £505k | £593k | £624k |
| Profit per employee | £7k | £19k | −£922 |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲28.1% |
| Profit growth | — | — | ▼105.9% |
| Headcount growth | — | — | ▲21.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Apr 2024 | Accounts · bulk data Apr 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −0.1%
- Profit ÷ revenue.
- Gross margin
- 8.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £624k
- Revenue ÷ average employees.
- Profit per employee
- −£922
- 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
- ▲22%
- Now 84
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Devonshire Homes LimitedIn AdministrationFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Sep 2024 (profit −£77.5k), 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.