How much does Iceni Projects Limited make?

Iceni Projects Limited reported revenue of £13.4m and £901k profit in the year to 30 Apr 2023, according to its accounts filed at Companies House.

How many employees does Iceni Projects Limited have?

Iceni Projects Limited reported an average of 125 employees in the year to 30 Apr 2023.

Is Iceni Projects Limited profitable?

Yes — Iceni Projects Limited reported a profit of £901k in the year to 30 Apr 2023.

Company No. 05359427 · Incorporated 9 Feb 2005

Iceni Projects Limited

Registered name: ICENI PROJECTS LIMITED

Part of Boudicca Trustees Limited group

Iceni Projects Limited made £13.4m revenue and £901k profit in the year to 30 Apr 2023.

Iceni Projects Limited’s revenue grew 12% to £13.4m in the year to 30 Apr 2023, with £901k profit and 125 employees. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 21 yrs · since 2005
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 Apr 2023

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£13.4m

Growth ▲11.7%

Profit

£901k

Growth ▲20%

Profit margin

6.7%

Gross 97.1%

Employees

125

Change ▲12.6%

Profit / employee

£7.2k

Revenue/employee £107k

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 to	30 Apr 2022	30 Apr 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12m	£13.4m
Cost of sales	£454k	£391k
Gross profit	£11.5m	£13m
Operating profit	£955k	£1.1m
Profit before tax	£960k	£1.2m
Profit after tax	£750k	£901k
Profit (best available)	£750k	£901k
Staff costs	£8.7m	£9.7m
Employees (average)	111	125
Ratios
Profit margin	6.3%	6.7%
Gross margin	96.2%	97.1%
Revenue per employee	£108k	£107k
Profit per employee	£6.8k	£7.2k
Cash conversion	26.9%	121.1%
Growth (year on year)
Revenue growth	—	▲11.7%
Profit growth	—	▲20%
Headcount growth	—	▲12.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.1m	£3.8m
Net assets	£4.9m	£5.5m
Fixed assets	£265k	£651k
Current assets	£7.5m	£7.8m
Debtors	£2.5m	£2m
Deferred income	£1.3m	£1.2m
Cash from operations	£257k	£1.3m
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2024

Derived from the latest filing

How the business works

Profit margin: 6.7%; Profit ÷ revenue.
Gross margin: 97.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £107k; Revenue ÷ average employees.
Profit per employee: £7.2k; Profit ÷ average employees.
Cash conversion: 121.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.3%; 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: ▲13%; Now £5.5m
Cash at bank: ▲22%; Now £3.8m
Headcount: ▲13%; Now 125
Deferred income: ▼9%; Now £1.2m
Fixed assets: ▲146%; Now £651k

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

Boudicca Trustees Limitedultimate parent75–100%
Iceni Projects 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

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Apr 2023 (profit £901k), from the Companies House accounts bulk data published Feb 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.