How much does Network N Limited make?

Network N Limited reported revenue of £28m and £828k profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Network N Limited have?

Network N Limited reported an average of 48 employees in the year to 31 Mar 2024.

Is Network N Limited profitable?

Yes — Network N Limited reported a profit of £828k in the year to 31 Mar 2024.

Company No. 08063183 · Incorporated 10 May 2012

Network N Limited

Registered name: NETWORK N LIMITED

Part of Publisher Collective Limited group

Network N Limited made £28m revenue and £828k profit in the year to 31 Mar 2024.

Network N Limited’s revenue fell 16% to £28m in the year to 31 Mar 2024, with £828k profit and 48 employees. The company is classified under “other publishing activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58190Other publishing activities SIC 62090Other information technology service activities SIC 73110Advertising agencies

Status: Active
Location: London, London
Age: 14 yrs · since 2012
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 31 Mar 2024

Key figures

Capital-light

Revenue

£28m

Growth ▼15.5%

Profit

£828k

Growth ▼18.5%

Profit margin

Gross 25%

Employees

Change 0%

Profit / employee

£17.2k

Revenue/employee £583k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.4m	£33.1m	£28m
Cost of sales	£15.9m	£24.3m	£21m
Gross profit	£11.4m	£8.8m	£7m
Operating profit	£4.5m	£939k	£1m
Profit before tax	£4.5m	£939k	£1m
Profit after tax	£3.7m	£1m	£828k
Profit (best available)	£3.7m	£1m	£828k
Staff costs	£4.9m	£2.8m	£2.4m
Employees (average)	112	48	48
Ratios
Profit margin	13.3%	3.1%	3%
Gross margin	41.8%	26.7%	25%
Revenue per employee	£245k	£691k	£583k
Profit per employee	£32.6k	£21.2k	£17.2k
Cash conversion	61.9%	122.8%	—
Growth (year on year)
Revenue growth	—	▲21%	▼15.5%
Profit growth	—	▼72.2%	▼18.5%
Headcount growth	—	▼57.1%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.1m	£3.4m	£2.2m
Net assets	£2.5m	£2.7m	£2.6m
Fixed assets	£75.2k	£100k	£81.6k
Current assets	£9.1m	£9.1m	£7.1m
Debtors	£4.3m	£4.3m	£3.6m
Deferred income	£138k	£443k	£488k
Cash from operations	£2.8m	£1.2m	—
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 3%; Profit ÷ revenue.
Gross margin: 25%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £583k; Revenue ÷ average employees.
Profit per employee: £17.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13%; 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: ▼3%; Now £2.6m
Cash at bank: ▼36%; Now £2.2m
Headcount: 0%; Now 48
Deferred income: ▲10%; Now £488k
Fixed assets: ▼19%; Now £81.6k

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

Publisher Collective Limited (registered outside the UK register)ultimate parent75–100%
Publisher Collective Holdings Limited75–100%
Network N 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £828k), from the Companies House accounts bulk data published Dec 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.