How much does Dartmouth Partners Ltd make?

Dartmouth Partners Ltd reported revenue of £22.3m and £5.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Dartmouth Partners Ltd have?

Dartmouth Partners Ltd reported an average of 86 employees in the year to 31 Dec 2025.

Is Dartmouth Partners Ltd profitable?

Yes — Dartmouth Partners Ltd reported a profit of £5.6m in the year to 31 Dec 2025.

Company No. 05974472 · Incorporated 23 Oct 2006

Dartmouth Partners Ltd

Registered name: DARTMOUTH PARTNERS LTD

Part of Kernel Equityco Limited group

Dartmouth Partners Ltd made £22.3m revenue and £5.6m profit in the year to 31 Dec 2025.

Dartmouth Partners Ltd’s revenue grew 36% to £22.3m in the year to 31 Dec 2025, with £5.6m profit and 86 employees. The company is classified under “other activities of employment placement agencies” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 78109Other activities of employment placement agencies

Status: Active
Location: London, London
Age: 19 yrs · since 2006
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: “Granite Bidco Limited”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightOperating leverage

Revenue

£22.3m

Growth ▲35.6%

Profit

£5.6m

Growth ▲135.8%

Profit margin

25.3%

Gross 81.8%

Employees

Change ▲28.4%

Profit / employee

£65.4k

Revenue/employee £259k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£22.6m	£20m	£16.4m	£22.3m
Cost of sales	£2.6m	£2.1m	£1.5m	£4.1m
Gross profit	£20.1m	£17.8m	£14.9m	£18.2m
Operating profit	£3.2m	£2.1m	£2.5m	£5.4m
Profit before tax	£3.2m	£2m	£2.6m	£5.6m
Profit after tax	£2.1m	£2.2m	£2.4m	£5.6m
Profit (best available)	£2.1m	£2.2m	£2.4m	£5.6m
Staff costs	£12.3m	£9.8m	£6.5m	£8.7m
Employees (average)	123	124	67	86
Ratios
Profit margin	9.3%	11.1%	14.5%	25.3%
Gross margin	88.7%	89.3%	90.8%	81.8%
Revenue per employee	£184k	£161k	£245k	£259k
Profit per employee	£17.2k	£17.9k	£35.6k	£65.4k
Growth (year on year)
Revenue growth	—	▼11.7%	▼17.9%	▲35.6%
Profit growth	—	▲5.1%	▲7.5%	▲135.8%
Headcount growth	—	▲0.8%	▼46%	▲28.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.5m	£6.6m	£7.3m	£3.3m
Net assets	£15.6m	£21.6m	£23.9m	£29.6m
Fixed assets	£1.4m	£932k	£235k	£36.2k
Current assets	£21.3m	£30.4m	£30.4m	£36m
Debtors	£1.5m	£2.3m	£1.3m	£2.7m
Deferred income	£3.5m	£2.3m	£3.2m	£3.9m
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2026	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 25.3%; Profit ÷ revenue.
Gross margin: 81.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £259k; Revenue ÷ average employees.
Profit per employee: £65.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 17.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.3%; 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: ▲24%; Now £29.6m
Cash at bank: ▼55%; Now £3.3m
Headcount: ▲28%; Now 86
Deferred income: ▲22%; Now £3.9m
Fixed assets: ▼85%; Now £36.2k

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

Kernel Equityco Limitedultimate parent75–100%
Kernel Bidco Limited75–100%
Kernel Limited75–100%
Granite Midco Limited75–100%
Granite Bidco Limited75–100%
Dartmouth Partners Ltdthis company

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

Sister companies (4)

Pure Recruitment Group LimitedRev. £11.7m · Profit £571k
Catalyst Partners Global LimitedRev. £2.3m · Profit £153k
Luminate Partners LimitedFigures not disclosed
Yale Consulting Group LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £5.6m), from the Companies House accounts bulk data published Aug 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.