Fifthdelta Ltd
Registered name: FIFTHDELTA LTD
Part of Tifgc Limited groupFifthdelta Ltd made £23.5m revenue and £5.7m profit in the year to 31 Dec 2023.
Fifthdelta Ltd’s revenue fell 68% to £23.5m in the year to 31 Dec 2023, with £5.7m profit and 17 employees. The company is classified under “fund management activities” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 6 yrs · since 2020
- 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 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £72.8m | £23.5m |
| Cost of sales | £3.8m | £4.9m |
| Gross profit | £69m | £18.5m |
| Operating profit | £56.3m | £6.5m |
| Profit before tax | £56.3m | £6.6m |
| Profit after tax | £46.1m | £5.7m |
| Profit (best available) | £46.1m | £5.7m |
| Staff costs | £9.9m | £8.8m |
| Employees (average) | 15 | 17 |
| Ratios | ||
| Profit margin | 63.3% | 24.4% |
| Gross margin | 94.8% | 78.9% |
| Revenue per employee | £4.9m | £1.4m |
| Profit per employee | £3.1m | £338k |
| Cash conversion | 5.6% | 709.6% |
| Growth (year on year) | ||
| Revenue growth | — | ▼67.7% |
| Profit growth | — | ▼87.5% |
| Headcount growth | — | ▲13.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £5.3m | £6.5m |
| Net assets | £48.1m | £8.8m |
| Fixed assets | £359k | £349k |
| Current assets | £65.1m | £14.2m |
| Debtors | £232k | £2.1m |
| Deferred income | £6.2m | £4.7m |
| Cash from operations | £3.1m | £46.2m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 24.4%
- Profit ÷ revenue.
- Gross margin
- 78.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.4m
- Revenue ÷ average employees.
- Profit per employee
- £338k
- Profit ÷ average employees.
- Cash conversion
- 709.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 20.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 9.1%
- 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
- ▼82%
- Now £8.8m
- Cash at bank
- ▲21%
- Now £6.5m
- Headcount
- ▲13%
- Now 17
- Deferred income
- ▼23%
- Now £4.7m
- Fixed assets
- ▼3%
- Now £349k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Tifgc Limitedultimate parent75–100%
- Fifthdelta Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Standard Information Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £5.7m), from the Companies House accounts bulk data published Sep 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.