Diversity Network Holdings Ltd
Registered name: DIVERSITY NETWORK HOLDINGS LTD
Part of Dragon 2023 Topco Limited groupDiversity Network Holdings Ltd made £158m revenue and £17.3m profit in the year to 28 Jan 2024.
Diversity Network Holdings Ltd’s revenue grew 54% to £158m in the year to 28 Jan 2024, with £17.3m profit and 264 employees. The company is classified under “activities of other holding companies” and is based in Manchester; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Manchester, North West
- Age
- 12 yrs · since 2014
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 29 Jan 2022 | 28 Jan 2023 | 28 Jan 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £52.6m | £102m | £158m |
| Cost of sales | £43.6m | £75.7m | −£127m |
| Gross profit | £9.1m | £26.7m | £30.6m |
| Operating profit | £8.4m | £24.7m | £21.8m |
| Profit before tax | £8.3m | £23.4m | £23.3m |
| Profit after tax | £6.7m | £18.7m | £17.3m |
| Profit (best available) | £6.7m | £18.7m | £17.3m |
| Employees (average) | 92 | 109 | 264 |
| Ratios | |||
| Profit margin | 12.7% | 18.3% | 11% |
| Gross margin | 17.3% | 26.1% | 19.4% |
| Revenue per employee | £572k | £939k | £598k |
| Profit per employee | £72.5k | £172k | £65.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲94.4% | ▲54.2% |
| Profit growth | — | ▲180.7% | ▼7.7% |
| Headcount growth | — | ▲18.5% | ▲142.2% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £20.3k | £100 | — |
| Net assets | £513k | £4m | — |
| Fixed assets | £186k | £1.1m | — |
| Current assets | £773k | £4.3m | — |
| Debtors | £0 | £0 | — |
| Deferred income | £10.2k | £16.9k | — |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | Accounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 11%
- Profit ÷ revenue.
- Gross margin
- 19.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £598k
- Revenue ÷ average employees.
- Profit per employee
- £65.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲142%
- Now 264
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Dragon 2023 Topco Limitedultimate parent75–100%
- Dragon 2023 Midco Limited75–100%
- Dragon 2023 Bidco Limited75–100%
- Cen Holdco Limited75–100%
- Diversity Network Holdings Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Advance Energy Services LtdLiquidationFigures not disclosed
- City Training Group LtdLiquidationFigures not disclosed
- Consumer Energy Solutions LimitedIn AdministrationFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 28 Jan 2024 (profit £17.3m), 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.