Drax Executive Limited
Registered name: DRAX EXECUTIVE LIMITED
Part of Lcap Topco Limited groupDrax 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.
- 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”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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 |
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.
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.
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).
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Sources
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.