How much does Double First Limited make?

Double First Limited reported revenue of £5.5m and a loss of £440k in the year to 30 Jun 2024, according to its accounts filed at Companies House.

How many employees does Double First Limited have?

Double First Limited reported an average of 62 employees in the year to 30 Jun 2024.

Is Double First Limited profitable?

No — Double First Limited reported a loss of £440k in the year to 30 Jun 2024.

Company No. 03491759 · Incorporated 13 Jan 1998

Double First Limited

Registered name: DOUBLE FIRST LIMITED

Part of Education Horizons Group (UK) Ltd group

Double First Limited made £5.5m revenue and a £440k loss in the year to 30 Jun 2024.

Double First Limited’s revenue grew 16% to £5.5m in the year to 30 Jun 2024, with a loss of £440k and 62 employees. The company is classified under “business and domestic software development” and is based in Sheffield; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: Sheffield, Yorkshire and The Humber
Age: 28 yrs · since 1998
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 30 Jun 2024

Key figures

Doing more with less

Revenue

£5.5m

Growth ▲16.1%

Profit

−£440k

Growth —

Profit margin

−8%

Gross 56.6%

Employees

Change ▼20.5%

Profit / employee

−£7.1k

Revenue/employee £89.4k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2022	30 Jun 2023	30 Jun 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.2m	£4.8m	£5.5m
Cost of sales	£1.7m	£2.2m	£2.4m
Gross profit	£2.5m	£2.6m	£3.1m
Operating profit	−£582k	−£183k	−£213k
Profit before tax	−£648k	−£392k	−£514k
Profit after tax	−£460k	−£782k	−£440k
Profit (best available)	−£460k	−£782k	−£440k
Staff costs	£3.1m	£3.1m	£3.4m
Employees (average)	80	78	62
Ratios
Profit margin	−10.9%	−16.4%	−8%
Gross margin	59.5%	53.9%	56.6%
Revenue per employee	£52.8k	£61.2k	£89.4k
Profit per employee	−£5.7k	−£10k	−£7.1k
Growth (year on year)
Revenue growth	—	▲13.1%	▲16.1%
Headcount growth	—	▼2.5%	▼20.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£82.1k	£77.7k	£495k
Net assets	£268k	−£514k	−£955k
Fixed assets	£3.3m	£3.1m	£2.9m
Current assets	£2.6m	£2.5m	£2.6m
Debtors	£1.6m	£1.2m	£819k
Deferred income	£2m	£1.6m	£1.1m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: −8%; Profit ÷ revenue.
Gross margin: 56.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £89.4k; 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: 51.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 19.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.8%; 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 −£955k
Cash at bank: ▲537%; Now £495k
Headcount: ▼21%; Now 62
Deferred income: ▼32%; Now £1.1m
Fixed assets: ▼9%; Now £2.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Education Horizons Group (UK) Ltdultimate parent75–100%
Double First Limitedthis company

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

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2024 (profit −£440k), from the Companies House accounts bulk data published Mar 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.