How much does Dvorak Midco 2 Limited make?

Dvorak Midco 2 Limited reported revenue of £103m and a loss of £39.5m in the year to 30 Nov 2023, according to its accounts filed at Companies House.

How many employees does Dvorak Midco 2 Limited have?

Dvorak Midco 2 Limited reported an average of 444 employees in the year to 30 Nov 2023.

Is Dvorak Midco 2 Limited profitable?

No — Dvorak Midco 2 Limited reported a loss of £39.5m in the year to 30 Nov 2023.

Company No. 12525342 · Incorporated 18 Mar 2020

Dvorak Midco 2 Limited

Registered name: DVORAK MIDCO 2 LIMITED

Part of Graphite Capital Management LLP group

Dvorak Midco 2 Limited made £103m revenue and a £39.5m loss in the year to 30 Nov 2023.

Dvorak Midco 2 Limited’s revenue grew 84% to £103m in the year to 30 Nov 2023, with a loss of £39.5m and 444 employees. The company is classified under “activities of head offices” and is based in ST. Albans; we hold 3 years of its filed accounts.

Full P&L filedSIC 70100Activities of head offices

Status: Liquidation
Location: ST. Albans
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 30 Nov 2023

Key figures

Revenue

£103m

Growth ▲83.8%

Profit

−£39.5m

Growth —

Profit margin

−38.2%

Gross 45.5%

Employees

444

Change ▲61.5%

Profit / employee

−£88.9k

Revenue/employee £233k

Profitable streak

0yrs

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Nov 2021	30 Nov 2022	30 Nov 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£34.5m	£56.2m	£103m
Cost of sales	−£17.5m	−£29.1m	−£56.3m
Gross profit	£17m	£27.1m	£47.1m
Operating profit	−£8.3m	−£11.5m	−£14m
Profit before tax	−£12.2m	−£27.6m	−£39.5m
Profit after tax	−£12.2m	−£27.5m	−£39.5m
Profit (best available)	−£12.2m	−£27.5m	−£39.5m
Employees (average)	218	275	444
Ratios
Profit margin	−35.4%	−48.9%	−38.2%
Gross margin	49.3%	48.2%	45.5%
Revenue per employee	£158k	£205k	£233k
Profit per employee	−£56k	−£100k	−£88.9k
Growth (year on year)
Revenue growth	—	▲63.2%	▲83.8%
Headcount growth	—	▲26.2%	▲61.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jun 2023	Accounts · bulk data Jun 2023	Accounts · bulk data Jun 2024

Derived from the latest filing

How the business works

Profit margin: −38.2%; Profit ÷ revenue.
Gross margin: 45.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £233k; Revenue ÷ average employees.
Profit per employee: −£88.9k; 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.

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: —; Now —
Cash at bank: —; Now —
Headcount: ▲61%; Now 444
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Graphite Capital Management LLPultimate parent75–100%
Dvorak Topco Limited75–100%
Dvorak Midco 1 Limited75–100%
Dvorak Midco 2 Limitedthis company

Bands show the share of ownership each company holds in the one below it.

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

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Nov 2023 (profit −£39.5m), from the Companies House accounts bulk data published Jun 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.