Damco Solutions Ltd
Registered name: DAMCO SOLUTIONS LTD
Damco Solutions Ltd made £8.1m revenue and £453k profit in the year to 31 Mar 2023. read from filing text
Damco Solutions Ltd’s revenue fell 16% to £8.1m in the year to 31 Mar 2023, with £453k profit and 6 employees. The company is classified under “information technology consultancy activities” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 25 yrs · since 2001
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £9.6m | £8.1m |
| Cost of sales | £8.7m | £7.4m |
| Gross profit | £828k | £668k |
| Operating profit | £533k | £508k |
| Profit before tax | £531k | £508k |
| Profit after tax | £547k | £453k |
| Profit (best available) | £547k | £453k |
| Staff costs | £293k | £259k |
| Employees (average) | 8 | 6 |
| Ratios | ||
| Profit margin | 5.7% | 5.6% |
| Gross margin | 8.6% | 8.3% |
| Revenue per employee | £1.2m | £1.3m |
| Profit per employee | £68.4k | £75.5k |
| Growth (year on year) | ||
| Revenue growth | — | ▼15.7% |
| Profit growth | — | ▼17.2% |
| Headcount growth | — | ▼25% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | £4.9m | £5.3m |
| Fixed assets | £5.9k | £4.3k |
| Debtors | £1.6m | £1.6m |
| Deferred income | £498k | £499k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 |
How the business works
- Profit margin
- 5.6%
- Profit ÷ revenue.
- Gross margin
- 8.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.3m
- Revenue ÷ average employees.
- Profit per employee
- £75.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 6.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.9%
- 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
- ▲8%
- Now £5.3m
- Cash at bank
- —
- Now —
- Headcount
- ▼25%
- Now 6
- Deferred income
- ▲0%
- Now £499k
- Fixed assets
- ▼27%
- Now £4.3k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Arum Systems LtdBristol · Information technology consultancy activities
- Revenue
- £8m
- Profit
- £2m
- Staff
- 51
- Select Tech LtdChelmsford · Information technology consultancy activities
- Revenue
- £8m
- Profit
- £457k
- Staff
- 22
- Saving Up LtdLondon · Information technology consultancy activities
- Revenue
- £8.3m
- Profit
- £350k
- Staff
- 15
- Ranees Group UK LtdLondon · Information technology consultancy activities
- Revenue
- £8.4m
- Profit
- £594k
- Staff
- 13
- Wiredscore UK LimitedLondon · Information technology consultancy activities
- Revenue
- £8.5m
- Profit
- £59.1k
- Staff
- 51
- 7Thsense Design LimitedSteyning · Information technology consultancy activities
- Revenue
- £8.5m
- Profit
- £626k
- Staff
- 38
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit £453k), from the Companies House accounts bulk data published Dec 2023. 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.