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Company No. 05008328 · Incorporated 7 Jan 2004

Diagnostic Healthcare Limited

Registered name: DIAGNOSTIC HEALTHCARE LIMITED

Part of G Square Healthcare Private Equity LLP group

Diagnostic Healthcare Limited made £25.7m revenue and £2.8m profit in the year to 31 Jan 2024. read from filing text

Diagnostic Healthcare Limited’s revenue grew 15% to £25.7m in the year to 31 Jan 2024, with £2.8m profit and 210 employees. The company is classified under “other human health activities” and is based in Manchester; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86900Other human health activities
Status
Active
Location
Manchester, North West
Age
22 yrs · since 2004
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. From the filing: “The immediate parent company is Images Bidco Limited.”

Latest accounts · year to 31 Jan 2024

Key figures

Operating leverage
Revenue
£25.7m
Growth ▲14.7%
Profit
£2.8m
Growth ▲4428%
Profit margin
11%
Gross 39.1%
Employees
210
Change ▲50%
Profit / employee
£13.5k
Revenue/employee £123k
Profitable streak
2yrs
Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Jan 202331 Jan 2024
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£22.4m£25.7m
Cost of sales£13.6m£15.7m
Gross profit£8.9m£10.1m
Operating profit£968k£4.3m
Profit before tax£808k£4.2m
Profit after tax£62.6k£2.8m
Profit (best available)£62.6k£2.8m
Staff costs£4.7m£8.1m
Employees (average)140210
Ratios
Profit margin0.3%11%
Gross margin39.5%39.1%
Revenue per employee£160k£123k
Profit per employee£447£13.5k
Growth (year on year)
Revenue growth—▲14.7%
Profit growth—▲4428%
Headcount growth—▲50%
Balance sheet — indirect signals, not revenue
Cash at bank£7.2m£6.9m
Net assets£8.8m£11.7m
Fixed assets£23m£30.7m
Current assets£12.7m£13.6m
Debtors£4.5m£5.2m
Deferred income£1.1m£1.9m
SourceFullAccounts · bulk data Jun 2024FullAccounts · bulk data Jun 2024
Derived from the latest filing

How the business works

Profit margin
11%
Profit ÷ revenue.
Gross margin
39.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£123k
Revenue ÷ average employees.
Profit per employee
£13.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
119.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
7.4%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
20.4%
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
▲32%
Now £11.7m
Cash at bank
▼3%
Now £6.9m
Headcount
▲50%
Now 210
Deferred income
▲72%
Now £1.9m
Fixed assets
▲34%
Now £30.7m

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

  1. G Square Healthcare Private Equity LLPultimate parent75–100%
  2. G Square Managing Member Limited75–100%
  3. G Square Capital (GP) III LLP50–75%
  4. Images Topco Limited75–100%
  5. Images Midco Limited75–100%
  6. Images Holdco Limited75–100%
  7. Images Bidco Limited75–100%
  8. Diagnostic Healthcare Limitedthis company

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

Subsidiaries (6)

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 Jan 2024 (profit £2.8m), from the Companies House accounts bulk data published Jun 2024. 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.