How much does Dryrobe Limited make?

Dryrobe Limited reported revenue of £21.7m and £1.8m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Dryrobe Limited have?

Dryrobe Limited reported an average of 47 employees in the year to 31 Dec 2024.

Is Dryrobe Limited profitable?

Yes — Dryrobe Limited reported a profit of £1.8m in the year to 31 Dec 2024.

Company No. 08782079 · Incorporated 19 Nov 2013

Dryrobe Limited

Registered name: DRYROBE LIMITED

Part of GB Holdco Limited group

Dryrobe Limited made £21.7m revenue and £1.8m profit in the year to 31 Dec 2024.

Dryrobe Limited’s revenue grew 9% to £21.7m in the year to 31 Dec 2024, with £1.8m profit and 47 employees. The company is classified under “other service activities” and is based in Braunton; 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: Braunton, South West
Age: 12 yrs · since 2013
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 Dec 2024

Key figures

Capital-lightCash flow filed

Revenue

£21.7m

Growth ▲9.2%

Profit

£1.8m

Growth ▼22.6%

Profit margin

8.5%

Gross 51%

Employees

Change ▲34.3%

Profit / employee

£39.1k

Revenue/employee £461k

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 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£16.6m	£19.9m	£21.7m
Cost of sales	£8.5m	£9.8m	£10.6m
Gross profit	£8.2m	£10m	£11.1m
Operating profit	£4.1m	£3.1m	£2.4m
Profit before tax	£4.1m	£3.3m	£2.6m
Profit after tax	£3.3m	£2.4m	£1.8m
Profit (best available)	£3.3m	£2.4m	£1.8m
Staff costs	£1.4m	£1.9m	£2.4m
Employees (average)	28	35	47
Ratios
Profit margin	19.9%	11.9%	8.5%
Gross margin	49.2%	50.4%	51%
Revenue per employee	£594k	£567k	£461k
Profit per employee	£118k	£67.8k	£39.1k
Cash conversion	127.7%	218.9%	−100.5%
Growth (year on year)
Revenue growth	—	▲19.4%	▲9.2%
Profit growth	—	▼28.2%	▼22.6%
Headcount growth	—	▲25%	▲34.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.3m	£12.5m	£9m
Net assets	£14m	£12.6m	£14.2m
Fixed assets	£47k	£157k	£288k
Current assets	£15.8m	£17.5m	£17.4m
Debtors	£204k	£255k	£236k
Cash from operations	£5.2m	£6.9m	−£2.4m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 8.5%; Profit ÷ revenue.
Gross margin: 51%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £461k; Revenue ÷ average employees.
Profit per employee: £39.1k; Profit ÷ average employees.
Cash conversion: −100.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.1%; 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 £14.2m
Cash at bank: ▼28%; Now £9m
Headcount: ▲34%; Now 47
Deferred income: —; Now —
Fixed assets: ▲83%; Now £288k

Corporate ownership

Group structure

Ownership chain

GB Holdco Limitedultimate parent50–75%
Dryrobe Limitedthis company

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

Minority corporate shareholders

Mhlo Horizon Limited 25–50%

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.8m), from the Companies House accounts bulk data published Sep 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.