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Company No. 08176813 · Incorporated 13 Aug 2012

Farago Projects Ltd

Registered name: FARAGO PROJECTS LTD

Farago Projects Ltd made £12.5m revenue and £1.3m profit in the year to 31 Aug 2024.

Farago Projects Ltd’s revenue grew 24% to £12.5m in the year to 31 Aug 2024, with £1.3m profit and 12 employees. The company is classified under “other service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96090Other service activities n.e.c.
Status
Active
Location
London, London
Age
14 yrs · since 2012
Type
Private Limited Company
Latest accounts · year to 31 Aug 2024

Key figures

IndependentCapital-lightOperating leverageCash flow filed
Revenue
£12.5m
Growth ▲23.7%
Profit
£1.3m
Growth ▲104.3%
Profit margin
10.5%
Gross 17.4%
Employees
12
Change ▲9.1%
Profit / employee
£109k
Revenue/employee £1m
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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Aug 202231 Aug 202331 Aug 2024
DisclosureNo P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)—£10.1m£12.5m
Cost of sales—£9m£10.3m
Gross profit—£1.1m£2.2m
Operating profit—£814k£1.7m
Profit before tax—£819k£1.7m
Profit after tax—£638k£1.3m
Profit (best available)—£638k£1.3m
Staff costs—£72.3k£96.7k
Employees (average)71112
Ratios
Profit margin—6.3%10.5%
Gross margin—10.8%17.4%
Revenue per employee—£916k£1m
Profit per employee—£58k£109k
Cash conversion—−140.3%49.6%
Growth (year on year)
Revenue growth——▲23.7%
Profit growth——▲104.3%
Headcount growth—▲57.1%▲9.1%
Balance sheet — indirect signals, not revenue
Cash at bank£3.1m£3.7m£2.8m
Net assets£3.5m£4.1m£5.3m
Fixed assets£639k£649k£49k
Current assets£6.7m£8.3m£8.2m
Debtors£1.3m£645k£1.7m
Deferred income£1.6m£2.7m£1m
Cash from operations—−£1.1m£857k
SourceFilletedAccounts · bulk data Mar 2024FilletedAccounts · bulk data Mar 2024FullAccounts · bulk data Aug 2025
Derived from the latest filing

How the business works

Profit margin
10.5%
Profit ÷ revenue.
Gross margin
17.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£1m
Revenue ÷ average employees.
Profit per employee
£109k
Profit ÷ average employees.
Cash conversion
49.6%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
8.3%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
13.6%
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
▲30%
Now £5.3m
Cash at bank
▼23%
Now £2.8m
Headcount
▲9%
Now 12
Deferred income
▼61%
Now £1m
Fixed assets
▼92%
Now £49k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2024 (profit £1.3m), from the Companies House accounts bulk data published Aug 2025. 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.