Dhrona Holdings Ltd
Registered name: DHRONA HOLDINGS LTD
Part of Art San Holdings Ltd groupDhrona Holdings Ltd made £8.5m revenue and £2.8m profit in the year to 31 Mar 2025.
Dhrona Holdings Ltd’s revenue grew 7% to £8.5m in the year to 31 Mar 2025, with £2.8m profit and 109 employees. The company is classified under “activities of head offices” and is based in Exeter; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Exeter, South 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. From the filing: “Art San Holdings Ltd”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £5.5m | £6.1m | £7.9m | £8.5m |
| Cost of sales | £3.9m | £4.6m | £5.4m | £5.7m |
| Gross profit | £1.6m | £1.5m | £2.5m | £2.8m |
| Operating profit | £406k | £25.5k | £761k | £955k |
| Profit before tax | £408k | £26.3k | £860k | £9m |
| Profit after tax | −£3.8k | −£3.9k | −£3.9k | £2.8m |
| Profit (best available) | −£3.8k | −£3.9k | −£3.9k | £2.8m |
| Staff costs | £2.4m | £2.8m | £3.5m | £4.1m |
| Employees (average) | 93 | 86 | 101 | 109 |
| Ratios | ||||
| Profit margin | −0.1% | −0.1% | −0.1% | 32.5% |
| Gross margin | 28.9% | 24.6% | 31.6% | 33.2% |
| Revenue per employee | £59.1k | £70.7k | £78.5k | £77.7k |
| Profit per employee | −£41 | −£45 | −£38 | £25.3k |
| Cash conversion | 161.7% | −517.5% | 190% | −23.1% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲10.7% | ▲30.3% | ▲6.9% |
| Headcount growth | — | ▼7.5% | ▲17.4% | ▲7.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £42k | £54.7k | £3.5k | £13.3k |
| Net assets | £6.7m | £6.7m | £6.7m | £11m |
| Fixed assets | £16.5m | £16.3m | £17.6m | £2.2m |
| Current assets | £3.8m | £3.8m | £3.8m | £4.5m |
| Debtors | £111k | £216k | £187k | £4.5m |
| Cash from operations | £656k | −£132k | £1.4m | −£220k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 32.5%
- Profit ÷ revenue.
- Gross margin
- 33.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £77.7k
- Revenue ÷ average employees.
- Profit per employee
- £25.3k
- Profit ÷ average employees.
- Cash conversion
- −23.1%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 26.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 53.4%
- 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
- ▲64%
- Now £11m
- Cash at bank
- ▲282%
- Now £13.3k
- Headcount
- ▲8%
- Now 109
- Deferred income
- —
- Now —
- Fixed assets
- ▼87%
- Now £2.2m
Group structure
Ownership chain
- Art San Holdings Ltdultimate parent75–100%
- Dhrona Holdings Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Woodley Hotels LimitedRev. £0 · Profit £15.2m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £2.8m), from the Companies House accounts bulk data published Dec 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.