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Company No. 10444603 · Incorporated 25 Oct 2016

Prefix Systems Holdings Limited

Registered name: PREFIX SYSTEMS HOLDINGS LIMITED

Prefix Systems Holdings Limited made £16.7m revenue and £1.6m profit in the year to 31 Mar 2023.

Prefix Systems Holdings Limited’s revenue fell 3% to £16.7m in the year to 31 Mar 2023, with £1.6m profit and 105 employees. The company is classified under “other manufacturing” and is based in Manchester; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32990Other manufacturing n.e.c.
Status
In Administration
Location
Manchester, North West
Age
10 yrs · since 2016
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.

Latest accounts · year to 31 Mar 2023

Key figures

IndependentCash flow filed
Revenue
£16.7m
Growth ▼2.8%
Profit
£1.6m
Growth ▲1012%
Profit margin
9.3%
Gross 32.6%
Employees
105
Change ▲2.9%
Profit / employee
£14.8k
Revenue/employee £159k
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202231 Mar 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£17.2m£16.7m
Cost of sales£11.7m£11.3m
Gross profit£5.5m£5.4m
Operating profit£310k£224k
Profit before tax£275k£162k
Profit after tax£140k£1.6m
Profit (best available)£140k£1.6m
Staff costs£3.1m£3m
Employees (average)102105
Ratios
Profit margin0.8%9.3%
Gross margin31.9%32.6%
Revenue per employee£168k£159k
Profit per employee£1.4k£14.8k
Cash conversion17.2%436.7%
Growth (year on year)
Revenue growth—▼2.8%
Profit growth—▲1012%
Headcount growth—▲2.9%
Balance sheet — indirect signals, not revenue
Cash at bank£7£105k
Net assets£5m£6.4m
Fixed assets£5.5m£6.3m
Current assets£67£182k
Debtors£60£77.3k
Cash from operations£53.4k£977k
SourceAccounts · bulk data Dec 2023Accounts · bulk data Dec 2023
Derived from the latest filing

How the business works

Profit margin
9.3%
Profit ÷ revenue.
Gross margin
32.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£159k
Revenue ÷ average employees.
Profit per employee
£14.8k
Profit ÷ average employees.
Cash conversion
436.7%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
37.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0.5%
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
▲28%
Now £6.4m
Cash at bank
▲1500914%
Now £105k
Headcount
▲3%
Now 105
Deferred income
—
Now —
Fixed assets
▲14%
Now £6.3m
Corporate ownership

Group structure

Subsidiaries (3)

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit £1.6m), from the Companies House accounts bulk data published Dec 2023. 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.