Free Radical Design LimitedDissolved
Free Radical Design Limited made £4.5m revenue and £151k profit in the year to 31 Mar 2024. read from filing text
Free Radical Design Limited’s revenue grew 20% to £4.5m in the year to 31 Mar 2024, with £151k profit and 80 employees. We hold 3 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
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 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £1.6m | £3.7m | £4.5m |
| Cost of sales | £91.7k | £90.8k | £63.4k |
| Gross profit | £1.5m | £3.7m | £4.4m |
| Profit before tax | £48.8k | £135k | £151k |
| Profit after tax | £48.8k | £135k | £151k |
| Profit (best available) | £48.8k | £135k | £151k |
| Employees (average) | 32 | 62 | 80 |
| Ratios | |||
| Profit margin | 3% | 3.6% | 3.4% |
| Gross margin | 94.4% | 97.6% | 98.6% |
| Revenue per employee | £51.1k | £60.5k | £56.4k |
| Profit per employee | £1.5k | £2.2k | £1.9k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲20.3% |
| Profit growth | — | — | ▲12% |
| Headcount growth | — | — | ▲29% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.8k | £2k | £933 |
| Net assets | £58.8k | £194k | £345k |
| Fixed assets | £334k | £466k | £0 |
| Current assets | £876k | £791k | £345k |
| Debtors | £873k | £1 | £344k |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 3.4%
- Profit ÷ revenue.
- Gross margin
- 98.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £56.4k
- Revenue ÷ average employees.
- Profit per employee
- £1.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.6%
- 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
- ▲78%
- Now £345k
- Cash at bank
- ▼53%
- Now £933
- Headcount
- ▲29%
- Now 80
- Deferred income
- —
- Now —
- Fixed assets
- ▼100%
- Now £0
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £151k), from the Companies House accounts bulk data published Dec 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.