D2N2 Local Enterprise Partnership
Registered name: D2N2 LOCAL ENTERPRISE PARTNERSHIP
D2N2 Local Enterprise Partnership made £1.3m revenue and a £417k loss in the year to 31 Mar 2025. read from filing text
D2N2 Local Enterprise Partnership’s revenue fell 60% to £1.3m in the year to 31 Mar 2025, with a loss of £417k and 24 employees. The company is classified under “non-trading company” and is based in Derby; we hold 4 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Derby, East Midlands
- Age
- 7 yrs · since 2019
- Type
- PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. 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: “There is no one ultimate controlling party.”
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&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £47.1m | £5.6m | £3.3m | £1.3m |
| Cost of sales | £45.6m | £13m | £7.2m | £1.6m |
| Gross profit | £1.6m | −£7.3m | −£3.9m | −£298k |
| Operating profit | £203k | −£8.7m | −£5.4m | −£854k |
| Profit before tax | £282k | −£8.1m | −£4.5m | −£271k |
| Profit after tax | £267k | −£8.2m | −£4.8m | −£417k |
| Profit (best available) | £267k | −£8.2m | −£4.8m | −£417k |
| Staff costs | £975k | £1m | £1.1m | £301k |
| Employees (average) | 37 | 39 | 41 | 24 |
| Ratios | ||||
| Profit margin | 0.6% | −146.5% | −144% | −31.6% |
| Gross margin | 3.3% | −130.2% | −117.3% | −22.6% |
| Revenue per employee | £1.3m | £144k | £80.4k | £55k |
| Profit per employee | £7.2k | −£211k | −£116k | −£17.4k |
| Cash conversion | −23.2% | — | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼88.1% | ▼41.4% | ▼60% |
| Profit growth | — | ▼3187% | — | — |
| Headcount growth | — | ▲5.4% | ▲5.1% | ▼41.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £518k | £893k | £134k | £11.1m |
| Net assets | £26.2m | £17.9m | £13.2m | £5.7m |
| Current assets | £38.4m | £18.9m | £15.3m | £11.1m |
| Debtors | £37.9m | £18m | £15.1m | £720 |
| Deferred income | £27.8k | £28.7k | £23.9k | — |
| Cash from operations | −£46.9k | £154k | £1.5m | — |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jun 2025 |
How the business works
- Profit margin
- −31.6%
- Profit ÷ revenue.
- Gross margin
- −22.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £55k
- Revenue ÷ average employees.
- Profit per employee
- −£17.4k
- 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
- 0.1%
- 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
- ▼57%
- Now £5.7m
- Cash at bank
- ▲8196%
- Now £11.1m
- Headcount
- ▼41%
- Now 24
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£417k), from the Companies House accounts bulk data published Jun 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.