DS Spring Midco 1 Limited
Registered name: DS SPRING MIDCO 1 LIMITED
Part of Duke Street LLP groupDS Spring Midco 1 Limited made £91m revenue and a £5.4m loss in the year to 31 Mar 2026.
DS Spring Midco 1 Limited’s revenue grew 1% to £91m in the year to 31 Mar 2026, with a loss of £5.4m and 159 employees. The company is classified under “activities of other holding companies” and is based in Ashford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Ashford, South East
- Age
- 7 yrs · since 2019
- 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 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £98.6m | £90.5m | £91m |
| Cost of sales | −£62.3m | −£61.5m | −£61.2m |
| Gross profit | £36.3m | £29m | £29.7m |
| Operating profit | £7.7m | £717k | £6.2m |
| Profit before tax | £3m | −£4m | −£3.5m |
| Profit after tax | £1m | −£4.8m | −£5.4m |
| Profit (best available) | £1m | −£4.8m | −£5.4m |
| Employees (average) | 220 | 183 | 159 |
| Ratios | |||
| Profit margin | 1.1% | −5.3% | −5.9% |
| Gross margin | 36.8% | 32.1% | 32.7% |
| Revenue per employee | £448k | £494k | £572k |
| Profit per employee | £4.7k | −£26.2k | −£33.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼8.2% | ▲0.6% |
| Profit growth | — | ▼560.3% | — |
| Headcount growth | — | ▼16.8% | ▼13.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2026 | Accounts · bulk data Jan 2026 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −5.9%
- Profit ÷ revenue.
- Gross margin
- 32.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £572k
- Revenue ÷ average employees.
- Profit per employee
- −£33.9k
- 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
- ▼13%
- Now 159
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Duke Street LLPultimate parent75–100%
- Duke Street Private Equity Limited75–100%
- Duke Street V Limited50–75%
- DS Spring Midco 1 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- DS Spring Midco 2 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2026 (profit −£5.4m), from the Companies House accounts bulk data published Sep 2026. 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.