How much does Drax Executive Limited make?

Drax Executive Limited reported revenue of £21.7m and £2.5m profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Drax Executive Limited have?

Drax Executive Limited reported an average of 90 employees in the year to 31 Mar 2026.

Is Drax Executive Limited profitable?

Yes — Drax Executive Limited reported a profit of £2.5m in the year to 31 Mar 2026.

Company No. 04929079 · Incorporated 10 Oct 2003

Drax Executive Limited

Registered name: DRAX EXECUTIVE LIMITED

Part of Lcap Topco Limited group

Drax Executive Limited made £21.7m revenue and £2.5m profit in the year to 31 Mar 2026.

Drax Executive Limited’s revenue grew 9% to £21.7m in the year to 31 Mar 2026, with £2.5m profit and 90 employees. The company is classified under “business and domestic software development” and is based in London; we hold 5 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 78300Human resources provision and management of human resources functions

Status: Active
Location: London, London
Age: 23 yrs · since 2003
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: “LCap Group Limited”

Latest accounts · year to 31 Mar 2026

Key figures

Doing more with less

Revenue

£21.7m

Growth ▲8.9%

Profit

£2.5m

Growth ▼18.4%

Profit margin

11.6%

Gross 92.4%

Employees

Change ▼9.1%

Profit / employee

£27.8k

Revenue/employee £241k

Profitable streak

5yrs

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.2m	£16.3m	£19.4m	£19.9m	£21.7m
Cost of sales	£1.1m	£399k	£464k	£307k	£1.7m
Gross profit	—	£15.9m	£18.9m	£19.6m	£20m
Operating profit	£2m	£2.9m	£3.4m	£3.2m	£2.8m
Profit before tax	£1.9m	£2.7m	£3.2m	£3.2m	£2.6m
Profit after tax	£1.9m	£2.4m	£3.6m	£3.1m	£2.5m
Profit (best available)	£1.9m	£2.4m	£3.6m	£3.1m	£2.5m
Staff costs	£7m	£9.5m	£12.3m	£12.5m	£11.1m
Employees (average)	63	86	90	99	90
Ratios
Profit margin	15.6%	14.6%	18.8%	15.4%	11.6%
Gross margin	—	97.5%	97.6%	98.5%	92.4%
Revenue per employee	£193k	£189k	£215k	£201k	£241k
Profit per employee	£30.1k	£27.8k	£40.5k	£31k	£27.8k
Cash conversion	87.4%	−128.3%	−35.9%	—	—
Growth (year on year)
Revenue growth	—	▲33.9%	—	—	▲8.9%
Profit growth	—	▲25.7%	—	—	▼18.4%
Headcount growth	—	▲36.5%	—	—	▼9.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£4m	£5.3m	£2.6m	£4.7m	£5.6m
Net assets	£5.5m	£8.2m	£12m	£15m	£17.6m
Fixed assets	£98.4k	£148k	£128k	£2.9m	£2.3m
Current assets	—	—	—	£23.5m	£25m
Debtors	£1.9m	£3m	£2.5m	£5.1m	£4.5m
Deferred income	£1.6m	£2.4m	£1.4m	£2.5m	£2.8m
Cash from operations	£1.8m	−£3.7m	−£1.2m	—	—
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2026	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 11.6%; Profit ÷ revenue.
Gross margin: 92.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £241k; Revenue ÷ average employees.
Profit per employee: £27.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.8%; 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: ▲17%; Now £17.6m
Cash at bank: ▲21%; Now £5.6m
Headcount: ▼9%; Now 90
Deferred income: ▲10%; Now £2.8m
Fixed assets: ▼19%; Now £2.3m

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

Lcap Topco Limitedultimate parent75–100%
Lcap Bidco Limited75–100%
Lcap Group Limited75–100%
Drax Executive Limitedthis company

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

Sister companies (4)

Altus Partners LtdRev. — · Profit £1.3m
Confidas Holdings LtdFigures not disclosed
Peoplewise Bidco LimitedRev. — · Profit −£452k
Rowan Recruitment LimitedRev. — · Profit £341k

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £2.5m), 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.